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China’s CNOOC to acquire Canada-based Nexen for $15.1B; offshore oil and gas, oil sands, and shale gas

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CNOOC Limited—China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world—is acquiring all of the Common Shares of Canada-based energy company Nexen Inc. billion cash. The price represents a premium of.

Oil-Sands 325
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EEA: small increase in EU’s total greenhouse gas emissions in 2017, with transport emissions up for the fourth consecutive year

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Total greenhouse gas emissions in the European Union (EU) increased by 0.7% According to the EEA’s Annual European Union greenhouse gas inventory 1990-2017 and inventory report 2019 , total greenhouse gas emissions (including international aviation) rose by 0.7% Source: EEA. in 2017 compared with 2016.

2017 191
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Alstom and MOL to explore use of hydrogen technologies for rail transport in Hungary

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Alstom and MOL, Hungary’s leading oil and gas company, have signed a Memorandum of Understanding to structure cooperation in examining the use of hydrogen technology in rail transportation. To establish this infrastructure, Alstom already cooperates with oil and gas companies such as Linde in Germany, and Orlen in Poland.

Hungary 334
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Exxon Mobil Acquiring XTO Energy in $41B Deal; Enhances US Position in Unconventional Natural Gas and Oil

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The agreement, which is subject to XTO stockholder approval and regulatory clearance, will enhance ExxonMobil’s position in the development of unconventional natural gas and oil resources. XTO’s resource base is the equivalent of 45 trillion cubic feet of gas and includes shale gas, tight gas, coal bed methane and shale oil.

Oil 186
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EEA: increase in EU GHG emissions, mostly due to transport, hampers progress towards 2030 targets

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Greenhouse gas (GHG) emissions across the European Union rose slightly in 2017, mostly because of the transport sector. Greenhouse gas emission trends, projections and targets in the EU. The rise is mostly due to the increase of oil consumption from road transport. Poland and France also saw large growth in emissions.

Emissions 257
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Another LNG platform supply vessel win for Wärtsilä; Siem Offshore selects Wärtsilä’s design and integrated solution

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The ship will operate primarily on liquefied natural gas (LNG) and is owned by Siem Offshore, the Norway-based provider of marine services to the oil and gas industry. The PSV is being built at the Remontowa Shipbuilding’s yard in Poland. It will be operated under charter by A/S Norske Shell.

Supplies 199
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California ARB fines two shipping companies $53K each for violating low-sulfur fuel regulation

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As part of their settlements with ARB, Switzerland-based Mediterranean Shipping and Poland-based Chipolbrok each agreed to pay $53,000 to the California Air Pollution Control Fund (CAPCF) to support air quality research. They must also follow all fuel switchover requirements, and maintain accurate records.