Industry News
UK can’t stop Falkland Islands extracting million of barrels of oil
The Falkland Islands is intent on approving the start of development of a huge oil field in its territorial waters, Sea Lion.
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Deal News
Devon Energy acquires Grayson Mill’s US assets for $5bn
US-based oil company Devon Energy has completed its acquisition of Grayson Mill Energy assets, a deal valued at $5bn in a cash and stock.
Deal News
TotalEnergies to acquire 45% interest in Eagle Ford gas assets
TotalEnergies has agreed to acquire a 45% interest in dry gas producing assets in the Eagle Ford basin in Texas from Lewis Energy Group.
Industry News
Texas approves plan to boost oil and gas output to meet electricity demand
The Public Utility Commission of Texas (PUCT) has approved the Permian Basin Reliability plan, supporting the US rising electricity demands.
Company News
Guangdong Energy Group set to commence operations at new $1bn LNG terminal
The Guangdong Energy Group is set to commence commercial operations of a new LNG terminal in Huizhou, Guangdong province, Reuters reported.
Industry News
OPEC+ not planning any talks on oil production plans, says Russia
OPEC+ is not planning any immediate talks around oil production cuts or increases, according to a senior Russian government figure.
Industry News
US natural gas storage hits 3.49tcf, concerns raised over hurricane impact Â
US natural gas storage reached 3,492 bcf as of 20 September, raising concerns about potential hurricane impacts on energy infrastructure.
Company News
Ozona CCS partners with Marubeni to develop CCS projects in Texas, US
Ozona CCS has formed a partnership with a subsidiary of Japanese firm Marubeni to develop carbon capture and sequestration (CCS) projects in the Eagleford Basin, South Texas in the US.
Company News
ExxonMobil plans $10bn investment in Nigeria’s offshore oil operations
Exxon Mobil has outlined plans for a $10bn investment in offshore oil operations in Nigeria, reported Reuters.
Deal News
Eni nears deal with KKR for stake stale in biofuel unit
Italian energy company Eni is close to finalising a deal with investment firm KKR for the sale of a stake in its biofuel unit Enilive, while also attracting interest from other potential investors, reported Reuters citing two sources.