(WO) — Yinson Production has completed the buy-out of the project loan tied to FPSO Atlanta from Brava Energia S.A., paying a total of approximately $257.4 million in cash, including $255.5 million in principal and $1.9 million in accrued interest. FPSO Atlanta (Image: Yinson Production) The loan had an outstanding balance of $408.8 million...
(WO) — Russia’s crude oil and condensate exports have declined slightly since 2022, but the bigger shift has come in where those barrels are going, according to new analysis released by the U.S. Energy Information Administration (EIA) on Aug. 7. Data source: U.S. Energy Information Administration analysis based on Global Trade Tracker, Argu...
(WO) — Danos has acquired the U.S. onshore oil and gas labor supply operations of John Wood Group PLC, finalizing the deal on June 30, 2025, as part of its strategy to expand workforce services in key shale regions. “We have been in the people business for 78 years,” said Paul Danos, CEO of Danos. “Providing highly skilled personnel t...
(Bloomberg) -- Two workers injured in a May 20 fire on a Chevron Corp. oil platform off the coast of Angola have died. The workers had been receiving medical treatment in South Africa, according to Angola’s Petroleum and Minerals Ministry. The first died May 24, and the second succumbed to injuries on Tuesday. The fire occurred while the platform...
(Bloomberg) -- Chevron Corp. and local authorities in Angola are searching for a missing worker after a fire broke out on a deepwater oil platform. The worker was reported missing when the Benguela-Belize Lobito-Tomboco platform was evacuated during the May 20 blaze, according to Angola’s oil regulator. The fire occurred while the platform was un...
Texas Railroad Commissioner Wayne Christian The American energy industry has always taken great pride in being innovative, independent, and committed to free market principles. Recently, however, executives at some of the nation’s biggest oil and gas companies are publicly embracing the same corporate welfare schemes that have propped up un...
(Bloomberg) – Quantum Capital Group has acquired Caerus Oil and Gas for about $1.8 billion including liabilities. Houston, Texas-based Quantum announced the closing of the deal in a statement on Monday. Bloomberg News reported in June that Quantum would buy the Rocky Mountain oil and gas company. It’s doing the deal through portfolio comp...
(Bloomberg) – Shell Plc reduced its targets for carbon-emissions cuts in the coming decade, while maintaining the ambition of becoming a net zero company by 2050. Wael Sawan, Chief Executive Officer of Shell. The change is the latest sign of a broader adjustment in plans for the energy transition among the UK-based oil majors, which have bee...
(Bloomberg) – Board members of Colombia’s state oil company are objecting to President Gustavo Petro’s attempt to overhaul it with new directors as he works to wean the country off oil and gas. Ricardo Roa, chief executive officer of Ecopetrol SA, speaks during a press conference in Bogota, Colombia. Ecopetrol SA’s governance committee...
(Bloomberg) – bp Plc plans to invest about $1.5 billion in Egypt during the next few years as it seeks to develop natural gas projects and drilling in the North African country. The spending, which will be net to bp, follows the London-based major’s announcement earlier this month it will form a gas-focused joint venture in Egypt with ADN...