Energy

Halliburton appoints Lance Loeffler as Chief Financial Officer
Energy

Halliburton appoints Lance Loeffler as Chief Financial Officer

One of the world’s largest oilfield serving companies, Halliburton Company, has appointed Lance Loeffler Chief Financial Officer. The company said in a statement that Mr. Loeffler will lead the company’s financial functions, including financial planning and analysis, accounting and financial reporting, tax, internal assurance, treasury, corporate development and investor relations. […]

Total and Abu Dhabi National Oil enters gas JV
Energy

Total and Abu Dhabi National Oil enters gas JV

Total and Abu Dhabi National Oil Company have signed a concession agreement to launch an unconventional gas exploration program in the high potential Diyab play that spreads over 6 000 km2 to the west of the prolific ADNOC Onshore concession, in Abu Dhabi. The concession allows for two exploration and […]

BP acquires BHP US assets
Energy

BP acquires BHP US assets

BP said it has completed the $10.5 billion acquisition of BHP’s U.S. unconventional assets. The deal will significantly upgrade BP’s U.S. onshore oil and gas portfolio and help drive long-term growth. The acquisition – which was announced in July and closed as scheduled on October 31– adds oil and gas […]

ExxonMobil opens new unit at its Antwerp Refinery
Energy

ExxonMobil opens new unit at its Antwerp Refinery

ExxonMobil said that it has started operations of a new unit at its Antwerp refinery in Belgium to convert heavy, higher-sulfur residual oils into high-value transportation fuels such as marine gasoil and diesel. The new 50,000 barrel-per-day unit expands the refinery’s capacity to meet demand for cleaner transportation fuels throughout […]

Eni, Algeria enter oil concession agreement
Energy

Eni, Algeria enter oil concession agreement

Eni and Algeria have signed an agreement that will see Eni take a 49% stake in three oil concessions in the onshore North Berkine basin, located in the Algerian desert. The agreement, which was signed at the Algeria Future Energy Summit in Algiers, will cover three areas: Sif Fatima II, […]

Total, CNOOC amends gas purchase agreement
Energy

Total, CNOOC amends gas purchase agreement

Total and CNOOC1 have signed an amendment to their existing sale and purchase agreement (SPA) for liquefied natural gas (LNG) supply to further strengthen their cooperation in the LNG business. The partners have increased the contract volume from 1 million tons per annum (Mtpa) to 1.5 Mtpa of LNG, sourced […]