Deal News
ONGC Videsh acquires stake in Azeri oilfield from EquinorÂ
ONGC announced that its international arm ONGC Videsh has acquired a 0.615% participating interest in the ACG oilfield from Equinor. Â
Category: Industry News
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Deal News
GeoPark signs exclusive binding agreement to Acquire Repsol’s Colombian assets
GeoPark has signed binding SPAs to acquire Repsol’s upstream oil and gas assets in Colombia, expanding its presence in the Llanos Basin.
Company News
CNOOC starts production at Huizhou 26-6 oilfield development project
China National Offshore Oil Corporation (CNOOC) has commenced production at the Huizhou 26-6 oilfield development project.
Company News
Petrobras initiates FPSO bid for Sergipe Deep Waters project in Brazil
Petrobras has begun procuring up to two FPSO units for the Sergipe Deep Waters (SEAP) project in Brazil’s Sergipe-Alagoas Basin.
Company News
Russia suspends gasoline export ban for producers
Russia has lifted the gasoline export ban for producers but extended restrictions for independent traders and resellers until 31 January 2025.
Company News
Woodside to onboard partners for Louisiana LNG project by March 2025
Australia’s Woodside Energy aims to bring several partners for its Louisiana liquefied natural gas (LNG) project by the first quarter of 2025.
Analyst Comment
The US continues to dominate renewable diesel production capacity by 2030
Renewable diesel production continues to gain importance globally as it is less carbon intensive, provides superior performance in cold conditions, and can be stored much longer when compared to petroleum diesel.
Company News
Harbour Energy begins production at Talbot development in UK North Sea
Harbour Energy has started production at its Talbot development, a three-well subsea tieback located about 16km southeast of the Judy platform.
Deal News
Tokyo Gas plans asset sale to enhance capital efficiencyÂ
Tokyo Gas is looking to improve its capital efficiency by selling underperforming assets, reported Reuters, citing the company’s president.
Analyst Comment
Promising outlook for automation technologies in oil and gas, as per GlobalData poll
Digital tools have significantly improved operational performance and reduced costs in oil and gas operations by automating manual, resource-intensive tasks.