Industry News & Links
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The company emerges with a stronger financial foundation, having reduced approximately $6.2 billion of outstanding funded debt, secured $2.6 billion in exit financing facilities, including a $450 million revolving credit facility, secured a $195 million letter of credit facility, and secured over $900 million of liquidity.
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SandRidge Energy Inc., the oil and natural gas producer pushed by activist investor Carl Icahn to pursue a sale last year, said CEO Paul McKinney will resign as the company evaluates its 2020 spending plan.
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Energy equity carnage was alive and well throughout 2019, and the start of 2020 could bring more of the same for the beaten-up sector, though some analysts are turning positive.
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Canadian energy firms have quietly outperformed their U.S. counterparts this year and, even after the run, a chorus of positive outlooks on the sector to the north continues.
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Crude is poised for a modest gain this week due to the positive sentiment around the trade deal, having surged by more than 7% last week as OPEC and its allies announced a surprise production cut.
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The equipment that will be deployed in the Anchor project is covered under the 20-year subsea equipment and services master order for Chevron’s development projects in the Gulf of Mexico.
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The American Petroleum Institute today welcomed two new reports by the National Petroleum Council that demonstrate how the United States can address the dual challenge of providing affordable, reliable energy while addressing the risks of climate change.
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The 20,000-psi field development plan is based on eight subsea wells and two subsea drilling bases connected via two production loops to a newbuild, lightweight floating production unit.
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Chevron has sanctioned the Anchor project in the U.S. Gulf of Mexico, marking the industry’s first deepwater high-pressure development to achieve a final investment decision.
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FPSO Sepetiba will be deployed at the Mero field in the Santos basin offshore Brazil, 180 kilometers offshore Rio de Janeiro. Delivery is expected in 2022.
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Saturday, December 14, 2019 8:33 PM… use horizontal drilling to tap shale-gas reservoirs in places like Oklahoma …
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Saturday, December 14, 2019 5:09 PM… carbon footprint, along with low shale gas prices. Incentives provided by regional …
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Saturday, December 14, 2019 1:45 PM… , drawn by low-priced shale gas from fracking in Pennsylvania, Ohio … using raw materials from fracked shale gas wells. Shell’s $6 … Valley can help the shale gas industry by expanding the … Racer Natrium complex, where shale gas is separated from the liquids …
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Friday, December 13, 2019 4:17 PM… quarter largely due to its shale gas business in Appalachia. The shale …
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Friday, December 13, 2019 3:00 PM… exposed, and U.S. shale gas has flooded the domestic … specifically that the call on shale gas is growing, while most … future production. Call On Shale Gas Is Increasing This pullback in … happening as the call on shale gas production is continually growing. …
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Friday, December 13, 2019 1:25 PM… to, for example, U.S. shale gas producer Cabot Oil & Gas …
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Friday, December 13, 2019 6:16 AM… and growth of the lager shale gas market also fuel the market …
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Friday, December 13, 2019 4:50 AM… to cut the legs off shale gas and oil development. Globally, a …
MEED
Middle East business news, data and analysis, tenders, contracts awarded, commentary, insight, projects and events
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Thursday, December 12, 2019 9:43 AM
The project markets in Oman and the UAE shed $14bn and $21bn, respectively
The post UAE and Oman drag down Gulf Projects Index appeared first on MEED.
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Thursday, December 12, 2019 8:30 AM
The GCC’s communique from the meeting in Riyadh called for legislation for financial and monetary unity to be finalised by 2025
The post Gulf summit calls for greater unity appeared first on MEED.
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Thursday, December 12, 2019 8:28 AM
Low bid emerges for the transaction advisory package for two Saudi railway PPP schemes
The post EXCLUSIVE: Riyadh rail schemes set to go ahead appeared first on MEED.
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Thursday, December 12, 2019 6:42 AM
General Electricity Company of Libya had planned to develop an independent water and power project in Benghazi prior to the outbreak of civil unrest
The post EXCLUSIVE: Libya revives plans for Benghazi power plant appeared first on MEED.
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Thursday, December 12, 2019 6:39 AM
The project in Sohar is due to be completed in the 2020-21 financial year
The post Indian firm wins contract for Oman chemicals project appeared first on MEED.
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Thursday, December 12, 2019 6:36 AM
The project undertaken by state-owned Basra Gas Company is estimated to be worth $400m
The post EXCLUSIVE: Workers mobilised on Iraq gas plant project appeared first on MEED.
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Thursday, December 12, 2019 6:33 AM
The contract was awarded by ExxonMobil to CPECC in November
The post EXCLUSIVE: Execution under way on Iraq’s West Qurna project appeared first on MEED.
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Thursday, December 12, 2019 6:31 AM
The bid submission deadline for the estimated $100m project is 19 January 2020
The post Gulf oil company tenders groundwater drainage project appeared first on MEED.
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Thursday, December 12, 2019 6:29 AM
LTA contractors recently submitted combined prices for the projects, which correspond to Aramco CRPO numbers 51, 52 and 54
The post EXCLUSIVE: Saudi Aramco evaluates combined bids received for three offshore jobs appeared first on MEED.
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Thursday, December 12, 2019 5:12 AM
Subscribe to read the full article Become a MEED subscriber for unlimited access to: Exclusive news, comment and analysis on … Continue reading "Renewables garner rising interest around Middle East and North Africa"
The post Renewables garner rising interest around Middle East and North Africa appeared first on MEED.
