Energy

Qatar Petroleum enters JV with Total in South Africa
Energy

Qatar Petroleum enters JV with Total in South Africa

Total has signed an agreement to sell a 25% interest in the Exploration Block 11B/12B, offshore South Africa, to Qatar Petroleum. The transaction remains subject to regulatory approval. “This transaction enhances the partnership on Block 11B/12B in preparation for the high potential exploration well scheduled to be drilled on the […]

Total acquires exploration licenses offshore Guyana
Energy

Total acquires exploration licenses offshore Guyana

Total has signed agreements to acquire interests into two exploration licenses offshore Guyana, the Canje Block and the Kanuku Block. These agreements come after entering into an option agreement for the nearby Orinduik Block. Subject to the approval of relevant authorities, Total will thus own exploration rights to an area […]

Bruce Niemeyer is now VP of strategy at Chevron
Energy

Bruce Niemeyer is now VP of strategy at Chevron

Chevron Corporation has named Bruce Niemeyer corporate vice president of Strategic Planning, effective immediately. Chevron said Niemeyer is currently vice president of Chevron’s Mid-Continent Business Unit. In his new role, Niemeyer, 56, will be responsible for setting the strategic direction for the company, allocating capital and other resources and determining […]

Energy

Exxon appoints Steven Kandarian to its board

Steven Kandarian to its board of directors, effective Feb. 1, 2018. Kandarian is the chairman, president and chief executive officer of MetLife Inc. With the election of Kandarian, the ExxonMobil board stands at 11 directors, 10 of whom are non-employee directors. Kandarian’s experience leading a large international insurer, along with […]

Why Shell wants to focus on profit in 2018
Energy

Why Shell wants to focus on profit in 2018

Global oil producers, Royal Dutch Shell have made it clear that the company is now more focused on profitability, Chief Executive Ben van Beurden said on Thursday. Shell trimmed upstream operations, offloaded non-core businesses and snapped up gas-focused BG Group in 2016 for £47bn as it moved to shield itself […]

Shell wins nine blocks in Mexico deep-water bid
Energy

Shell wins nine blocks in Mexico deep-water bid

Royal Dutch Shell said it has deep-water won four exploration blocks on its own, one with its partner Pemex Exploración y Producción and four with its partner Qatar Petroleum International Limited. The company said in a statement that Shell will be the operator of all nine blocks. “We commend Mexico […]

Shell discovers oil in deep-water Gulf of Mexico
Energy

Shell discovers oil in deep-water Gulf of Mexico

Shell Offshore Inc., a subsidiary of Royal Dutch Shell said one of its largest U.S. Gulf of Mexico exploration activity has discovered oil in the deep-water well. Shell said in the statement that the well encountered more than 1,400 net feet (427 meters) of oil bearing pay. Evaluation of the […]

BP makes two new exploration discoveries
Energy

BP makes two new exploration discoveries

Energy firm, BP, said it has made two new exploration discoveries in the North Sea. The discoveries are Capercaillie, in Block 29/4e in the Central North Sea, and Achmelvich, in Block 206/9b west of Shetland. BP is 100% owner of Capercaillie and the Achmelvich well partnership comprises BP (operator, 52.6%), […]