The chief executives of ExxonMobil Corp and Chevron Corp held preliminary talks in early 2020 to explore combining the two largest U.S. oil producers in what would have been the biggest merger of all time, according to people familiar with the matter and as reported by Reuters. The discussions, which are no longer active, are […]

Rosneft Oil Company and bp have signed a Strategic Collaboration Agreement focused on ‎supporting carbon management and sustainability activities of both companies. The agreement ‎builds on years of partnership between the two companies and formalises key elements of their ‎collaboration on sustainability and work to identify carbon reduction activities and low carbon ‎opportunities.  Based on […]

The Weir Group has completed the sale of its Oil & Gas division to Caterpillar Inc. The sale, for an enterprise value of $405m, subject to customary working capital and debt-like adjustments, was first announced on 5 October 2020 and approved by Weir Shareholders on 23 November 2020.  Since then, the Group’s joint venture partner […]

President Joseph R. Biden, Jr has appointed Enoh T. Ebong as the Acting Director of the U.S. Trade and Development Agency. The appointment meant a return to USTDA where from 2004 to 2019, Ms. Ebong had served in a variety of roles, most recently as the Agency’s General Counsel, and Deputy Director and Chief Operating […]

The rigs have been renamed Deimos and Phobos, presumably in homage to the Martian moons. Starship is the enormous rocket that SpaceX is developing to meet Musk’s goal of launching cargo and as many as 100 people at a time on missions to the moon and Mars. The rocket is SpaceX top priority with SpaceX flying […]

TechnipFMC has announced that it has resumed plans to split the business into two publicly traded companies, TechnipFMC and Technip Energies. The company announced the separation plan last year, however the Covid-19 pandemic delayed the process. TechnipFMC believes the separation would enhance both companies’ focus on their respective strategies and provide both improved flexibility and growth […]

DNV GL, the assurance and risk Management Company, will change its name to DNV on 1 March 2021. The move comes after a comprehensive review of the company’s strategy as it positions itself for a world in which many of DNV’s markets are undergoing fundamental change. The present name has been in place since the […]

Exports of LNG from West Africa’s four producers showed impressive resilience in 2020 despite the impact of the coronavirus pandemic on gas demand generally, an analysis of S&P Global Platts Analytics data showed.  Total LNG exports from the four exporting countries in the region — Angola, Cameroon, Equatorial Guinea and Nigeria — totaled 39 Bcm, […]

Coretrax, the global well integrity and production optimisation leader, has marked a significant milestone with the first deployment of its expandable liner technology in Norway since acquiring Mohawk Energy. The move has allowed the business to deliver and deploy novel technology and specialist personnel from local bases, significantly reducing the logistics, cost, and carbon footprint […]

The oil giant Royal Dutch Shell is to cut 330 jobs from its operations in the North Sea. The company said most of the posts are based at its office in Aberdeen and will be lost over the next two years. In September, it was announced that up to 9,000 jobs would go worldwide as the company […]