Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
Ovintiv has entered more than 60 transactions totaling about $460 million this year to add 41,000 net acres and 240 drilling locations across its Permian and Montney positions.
Read MessageEnbridge signed a deal to acquire Salt Creek Midstream's crude gathering business for $600 million in cash, growing its capacity to export oil from the Permian Basin.
Read MessageAfrica has emerged as the center of a global upstream acreage rush, Enverus Intelligence Research said.
Read MessageThe Canadian biogas producer said the improvement was driven by an increase in output to a record 54,675 gigajoules.
Read Message'Production from the Skarv Satellites is expected to account for a significant share of Aker BP's production in the Skarv area for several years'.
Read MessagePetrobras’ P-80 and P-82 FPSOs are preparing to sail for the Búzios field, where the two high-capacity units will add a combined 450,000 bpd and increase the field’s installed production capacity by about 34%.
Read MessageTDI-Brooks has completed a geophysical and geotechnical survey for a marine cable route in Alaska’s Valdez Arm, using its Gravity CPT Stinger system to assess seabed conditions and potential installation challenges.
Read MessageOne of the hottest technologies to squeeze more oil from U.S. shale fields is better soap.
Read MessageNaeem Aslam, CIO at Zaye Capital Markets, outlined a 'key catalyst'.
Read MessageTotalEnergies completed the transfer of its impaired 10 percent stake in Russia's Arctic LNG 2 project to Novatek.
Read MessageSpirit Energy announced that it has completed a $54 million UK North Sea decommissioning campaign.
Read MessageThe two countries, which exported a combined two million barrels a day of oil before the outbreak of the Iran war, have managed to get shipments back to 70 percent of pre-conflict levels, according to traders.
Read MessageAn oil tanker was struck by an unidentified projectile in the Strait of Hormuz, keeping alive risks deterring vessesl from the vital energy corridor.
Read MessageEurope’s gas stores are historically low for this time of year, as disrupted Middle East LNG flows raise the risk of sharply higher prices this winter.
Read MessageU.S. and Russia are competing to assert dominance in the world's third largest energy market.
Read MessageTechnip Energies has secured a detailed engineering contract from L&T for a major ADNOC Offshore project in the UAE covering new offshore facilities and modifications to existing infrastructure.
Read MessageThe Energy Workforce & Technology Council has appointed Bob McGowan, Kirk Ginn and Ryan Tull to three-year terms on its Advisory Board, adding expertise across energy services, workforce, equipment and capital markets.
Read MessageOil eased in a choppy session as traders weighed progress on diplomatic efforts to resume shipping through the Strait of Hormuz against fresh risks of a global supply squeeze.
Read MessageEni and partners bp and EGPC are targeting an FID within months for the 2-Tcf Denise West gas discovery offshore Egypt, with first gas planned in less than two years as Eni expands drilling across the country.
Read MessageEco Atlantic and Navitas Petroleum estimate Block 1 CBK offshore South Africa contains more than 3.6 Bbbl of unrisked prospective oil resources and approximately 4.5 Tcf of prospective gas.
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