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Oil & Gas Trade
Hess Midstream Reports Higher Q3 Income, After Chevron Buys Hess
Hess Midstream LP (HESM.N) on Wednesday reported a rise in third quarter net income versus the year earlier period, with the announcement coming just days after…
Floating Offshore Wind
Seatwirl, Kontiki Winds to Explore Powering Oil & Gas Assets With Floating Wind
Sweden-headquartered SeaTwirl has signed a Memorandum of Understanding (MoU) with Kontiki Winds to identify and discuss the opportunities to electrify oil and g…
Hydrogen Production
Scotland’s Offshore Hydrogen Production and Storage Awarded £2m
The funding will support the HOP2 project, which aims to demonstrate the feasibility of storing hydrogen in repurposed oil and gas assets.
Oil Shale
Exxon, Imperial to Sell Canada Shale Assets to Whitecap for $1.5 Billion
U.S. oil major Exxon Mobil Corp and Imperial Oil Ltd said on Tuesday they will sell their Montney and Duvernay shale oil and gas assets in Canada to Whitecap Re…
Oil & Gas Trade
Abu Dhabi’s Taqa Looks to Sell UK, Dutch Oil and Gas Assets
Abu Dhabi National Energy Co. has begun a process to sell its oil and gas assets in the Netherlands and the UK, according to documents seen by Bloomberg.
Crude Oil
World’s Biggest Miner BHP Quits Oil In Megadeal With Woodside
BHP is offloading its oil and gas assets in an all-stock merger of its petroleum division with Woodside, which will create one of the world’s top ten independe…
United Kingdom
BP Profit Sinks As Epidemic Pummels Demand
On annual basis, BP sunk to a loss of $5.7 billion, its first in a decade after it wrote down the value of oil and gas assets by $6.5 billion as a result of sha…
Coal Mine
The World’s Top Miner Broadens Plans to Exit Coal Operations
BHP Group will broaden plans to exit coal operations and review opportunities to shed aging oil and gas assets under new CEO Mike Henry’s more urgent push to r…
United States
Total Takes US$7-Billion Hit on Exposure to Canada's Oil Sands
Total SE announced an US$8.1 billion writedown after the push to curb carbon emissions and the coronavirus pandemic challenged assumptions about the viability o…
Oil & Gas Trade
Exxon Mobil Agreed to Sell Its Norwegian Oil and Gas Assets at $4 billion
Exxon Mobil has agreed to sell its Norwegian oil and gas assets for up to $4 billion, ending its production in a country where it started operations more than a…
Occidental Inks $8.8 Billion Deal to Sell Anadarko's African Oil and Gas Assets to Total
Occidental is competing with Chevron, a much larger rival, to take over Anadarko. Occidental would sell Anadarko’s assets in Algeria, Ghana, Mozambique and Sou…