Industry News
Oil and gas field decline rates impact global energy security – IEA report
The International Energy Agency (IEA) has reported a significant acceleration in the decline rates of oil and gas fields globally.
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Industry News
ADES Holding increases cash offer in Shelf Drilling mergerÂ
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).
Industry News
California Resources to merge with Berry in $717m dealÂ
California Resources Corporation (CRC) has agreed to merge with Berry Corporation in an all-stock transaction, valuing Berry at around $717m.
Industry News
Chord Energy to acquire XTO Energy’s Williston Basin assets for $550m
Chord Energy has agreed to purchase assets in the Williston Basin from XTO Energy, a subsidiary of Exxon Mobil Corporation, for $550m.
Industry News
TotalEnergies, QatarEnergy to advance final stage of GGIP projects in IraqÂ
TotalEnergies and QatarEnergy have initiated the final phase of construction on the Gas Growth Integrated Project (GGIP) in southern Iraq.
Features
As Europe turns away from Russian gas, the US is ready to cash in
Europe’s plan to phase out Russian gas and the US’s desire to expand its LNG export market point to a perfect alliance.
Industry News
Equinor obtains two drilling permits in North SeaÂ
Norwegian energy company Equinor has secured two permits from the Norwegian Offshore Directorate (NOD) to drill wildcat wells in the North Sea.
Industry News
Subsea7 secures major Aramco offshore project contract
Subsea7 has secured a major contract under the long-term agreement with Aramco for offshore facilities in Saudi Arabia.
Analyst Comment
Uganda to lead Africa’s oil and gas liquids storage capacity additions by 2030
Africa is poised to add significant liquid storage capacity additions, accounting for about 12% of the global capacity additions by 2030.
Industry News
Shell Energy India secures green light for Hazira LNG terminal expansion
Shell Energy India has reportedly secured environmental clearance for the expansion of its Hazira liquified natural gas (LNG) terminal.