Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
TotalEnergies has completed its acquisition of a 40% operated interest in Namibia’s PEL83 license, taking operatorship of the giant Mopane discovery ahead of a three-well appraisal campaign and targeted 2028 FID.
Read MessageBP signed an agreement with Shell to sell part of its ownership in the Tupinamba exploration block in Brazil's offshore Santos Basin and five leases containing the Conifer exploration prospect on the United States side of the Gulf of America.
Read MessageRRC Commissioner Wayne Christian hailed an 'oil theft bust' stemming from a multistate investigation as a 'victory for Texas oil and gas'.
Read MessageSustained high temperatures have contributed to persistently high electricity demand in the Electric Reliability Council of Texas (ERCOT), the regional transmission organization for most of the state.
Read MessageAustralia's Woodside and Petroleos Mexicanos signed a memorandum of understanding to expand their partnership in Mexican waters beyond the under-construction Trion oil project.
Read MessageOil prices have gained more than 7% this week The U.S. and Iran have traded military strikes this week for the first time since July.
Read MessageRefiners in India and China, the world's two biggest oil importers, are stepping up spot purchases of Middle Eastern crude.
Read MessageChevron Corporation announced that its joint ventures in Venezuela plan to invest more than $7 billion over the next five years.
Read MessageDiversified signed agreements to acquire Birch Permian from affiliates of Elliott for around $1.8 billion, supported by an expanded investment partnership with Carlyle.
Read MessageEnQuest CEO Amjad Bseisu told CNBC the company is interested in BP’s U.K. North Sea assets as the oil major explores a sale of the business.
Read MessageArt Hogan, Chief Market Strategist at B. Riley Wealth, projected that the Brent crude oil price could hit $100 in the next week.
Read MessageThe Japanese maritime leader consummated the combination of six ship management subsidiaries to streamline safety culture.
Read MessageSouth Korea will merge a string of state-run energy and transport companies as part of a broader overhaul of public institutions that is aimed at cutting costs and strengthening the country's competitiveness at a time of rising power demand.
Read MessageOn Thursday, Kuwait's army said it was confronting hostile missile and drone attacks from Iran.
Read Messagebp has appointed Ian Tyler as permanent chair with immediate effect after he served in the interim role since May, completing another key step in the company's recent leadership transition.
Read MessageOil held near a five-week high as renewed US-Iran fighting raised fresh concerns over Strait of Hormuz exports.
Read MessagePresident Donald Trump pressed U.S. oil refiners to boost domestic production of gasoline and diesel during a closed-door meeting Tuesday.
Read MessageUganda has unveiled “Pearl Sweet” as the export grade for crude produced from the Tilenga and Kingfisher developments, as the $15 billion integrated oil project moves toward first production and exports.
Read MessageMore than a dozen energy agreements are expected as Venezuela moves to expand crude production, with U.S. Energy Secretary Chris Wright saying China will not have debt claims on revenue generated by newly developed oil fields.
Read MessageEni has expanded its offshore Uruguay exploration position, taking operatorship and a 50% interest in the OFF-5 block while agreeing to acquire a 40% stake in the adjacent APA-operated OFF-6 block.
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