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DOJ charges three individuals, firms for fatal 2012 offshore platform accident

The West Delta 32 platform. Image courtesy of the  U.S. Bureau of Safety and Environmental Enforcement.

Three firms and three individuals were charged by the U.S. Department of Justice on Thursday for their involvement in the fatal 2012 West Delta 32 platform accident in the Gulf of Mexico. The DOJ has charged Black Elk Energy Offshore Operations and Grand Isle Shipyards with three counts of involuntary manslaughter, eight counts of failing to follow proper safety practices under the Outer Continental ...

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TransCanada cutting more jobs, pulls Nebraska Keystone XL application

Image courtesy of TransCanada.

Calgary-based TransCanada has withdrawn its Nebraska route application for the Keystone XL pipeline and announced a new round of layoffs. According to CBC News, the transportation company confirmed it is undertaking another round of layoffs but declined to immediately disclose how many employees will be affected. The company added that it will detail how many direct and contractor jobs it has cut ...

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Australia won’t oppose $70 billion Shell acquisition of BG

shell bg logos 2

Australia’s competition watchdog said Thursday it will not oppose Royal Dutch Shell’s proposed merger with UK-based BG Group. The Australian Competition and Consumer Commission has determined the deal will not harm competition in Australia’s natural gas market. “The ACCC’s view is that the proposed acquisition would be unlikely to substantially lessen competition in the wholesale natural gas market, in either Queensland or ...

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Shell confirms 100 million barrel GoM find

Image courtesy of Shell/Instagram.

Royal Dutch Shell said Thursday it now estimates that the Kaikias field in the U.S. Gulf of Mexico holds recoverable resources of over 100 million barrels of oil equivalent. According to Natural Gas Intel, appraisal drilling conducted at the field in August discovered 300 feet of net oil pay and operations were completed ahead of schedule and under budget.  At 34,500 feet ...

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Latest Alaska exit: Statoil pulls out of Chukchi Sea

Statoil CEO Eldar Sætre. Image courtesy of Ole Jørgen Bratland/Statoil.

Norway’s Statoil said Tuesday it is pulling out of its leases in Alaska’s Chukchi Sea. The company will exit 16 operated leases and its stake in 50 leases operated by ConocoPhillips, all located in the Chukchi Sea. Statoil will also close its offices in Anchorage, Alaska. The leases were awarded in 2008 and expire in 2020. The company said it no longer considers ...

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Saipem CEO: No chance of fleet emission scandal

Image courtesy of Saipem/Instagram.

The CEO of Italian services firm Saipem fired back at critics on Tuesday and said the company’s fleet has been properly certified to meet emission standards. According to Reuters, Saipem CEO Stefano Cao said during a parliamentary hearing in Italy that there is no risk that his company’s fleet could face an emission scandal like the one currently rocking Volkswagen. Members of the 5-Star Movement, Italy’s ...

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Russia to sell largest oil field in West Siberia

Image courtesy of Prokopenya Viktor/Wikimedia Commons.

Russia is gearing up to sell the largest oil field in West Siberia, a sale that could be worth as much as $1 billion. According to Reuters, the country’s Natural Resource ministry said it is is considering plans to auction off the Erginskoye oilfield during the first or second quarter of 2016. The field was developed by Rosneft and Gazprom and holds ...

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Unions reject Petrobras offer, continue strike

Image courtesy of Petrobras.

As an open-ended strike called against Brazil’s Petrobras approaches its third week oil worker unions are clashing over a proposed deal that would end the industrial action. According to Reuters, Sindipetro Norte Fluminense, a local oil worker union, told members to leave all Petrobras vessels in the prolific Campos Basin play after it voted to refuse a salary bump offer. Last week, state-owned Petrobras offered its ...

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DOJ approves $14.8 billion Schlumberger, Cameron merger

schlum cameron logos

The U.S. Department of Justice granted unconditional approval on Wednesday to the proposed merger between Schlumberger and Cameron International. Schlumberger agreed in August to acquire Houston-based equipment firm Cameron in a stock and cash transaction worth about $14.8 billion. The DOJ also granted the companies early termination of the waiting period required by the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The closing of the proposed ...

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Shell reveals plans for some BG Group execs after merger

Image courtesy of BG Group/Flickr.

Royal Dutch Shell will retain several BG Group executives after the companies complete their pending $70 billion merger. According to an internal memo seen by Bloomberg current BG Group COO Sami Iskander will become executive vice president for joint ventures after the merger is completed while current head of trading at BG Steve Hill will become executive vice-president for gas and energy marketing and ...

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