Author: admin@erthaenergy

XRG-led consortium which includes Abu Dhabi Development Holding Company (ADQ), and Carlyle, has officially withdrawn its $18.7bn indicative offer to acquire 100% of the issued shares of Australian oil and gas producer Santos.

Norwegian oil exploration and development company Aker BP is advancing its operations by expanding the use of Cognite Atlas AI.

Canada’s federal government and the British Columbia provincial authorities have approed the Ksi Lisims LNG project.

BLM, an agency within the US Department of the Interior, has raised over $38m from an oil and gas lease sale across Montana and North Dakota.

GlobalData’s Anti-ESG Movement report states that the current rising tide of anti-ESG sentiment started gaining traction in 2021.

The International Energy Agency (IEA) has reported a significant acceleration in the decline rates of oil and gas fields globally.

ADES Holding Co. has announced revised terms for its proposed merger with Shelf Drilling, increasing the cash consideration by 28% to Nkr18.50 per share ($1.88).

California Resources Corporation (CRC) has agreed to merge with Berry Corporation in an all-stock transaction, valuing Berry at around $717m.

Chord Energy has agreed to purchase assets in the Williston Basin from XTO Energy, a subsidiary of Exxon Mobil Corporation, for $550m.

TotalEnergies and QatarEnergy have initiated the final phase of construction on the Gas Growth Integrated Project (GGIP) in southern Iraq.