Category Oil & Gas Blog

Aker BP Taps Tendeka for Sand-face Completion Program Offshore Norway

Tendeka has received a Letter of Intent for a multi-million-pound contract to supply sand-face completion equipment to Aker BP’s Norwegian assets. Over the next three years, the existing frame agreement will see Tendeka deliver its sand screens and FloSure Autonomous Inflow Control Devices (AICDs) to Aker BP’s fields on the Norwegian Continental Shelf (NCS). Measured

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Alaska’s $67B Sovereign Fund Irked by Green-leaning Banks

Alaska’s $67 billion sovereign wealth fund, a pool that invests some of the state’s revenue from oil and other resources, is expressing displeasure with banks that oppose financing new Arctic exploration or development. Alaska Permanent Fund Corp. asked for a “productive dialogue” with JPMorgan Chase & Co., saying it was disappointed by the bank’s decision

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Chevron Won’t Follow Rivals’ ‘Aspirational’ Climate Goals

Mike Wirth didn’t beat around the bush Tuesday: Chevron Corp. won’t go carbon neutral anytime soon. Wirth, chief executive officer of the second-largest U.S. oil company, called the goals set by many European rivals “aspirational.” Instead, he said, Chevron will take a more realistic path for a major producer of fossil fuels with “concrete actions”

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Total-Occidental’s Ghana Deal Delayed by $500m Tax Claim

A capital gains tax claim for about $500 million is holding up Total SA’s acquisition of Occidental Petroleum Corp.’s assets in Ghana, according to Finance Minister Ken Ofori-Atta. Occidental is seeking regulatory clearance for the deal and the tax bill is among matters still to be resolved, Ofori-Atta said by phone on Monday. Houston-based Occidental

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