Deal News
Ovintiv weighs sale of Uinta Basin oil operations for up to $2bnÂ
US oil company Ovintiv is contemplating the sale of its oil operations in the Uinta Basin, reported Bloomberg, citing sources. Â
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Cyberattack
Halliburton hit by apparent cyberattack, disrupting systems in Houston
Halliburton is reportedly dealing with a cyberattack affecting business operations at its giant Houston campus.
Company News
VÃ¥r Energi extends Balder X production timeline due to FPSO vessel delays Â
VÃ¥r Energi, an oil and gas company in Norway, has announced a revised schedule for the commencement of the Balder X project in the North Sea. Â
Company News
Chevron plans nearly $1bn investment in India Â
American energy major Chevron is planning to invest Rs83bn ($989m) in Karnataka, India, over the next five to six years. Â
Industry News
Norway calls for increased oil and gas exploration to prevent output declineÂ
The Norwegian Offshore Directorate (NOD) in a resource report stated that the country’s oil and gas companies need to increase their investments in exploration and production.Â
Industry News
Uganda explores two new oil-producing regions after budget increase
Government geologists are exploring locations in the Moroto-Kadam Basin and Kyoga Basin in north and northeast Uganda.
Company News
Thailand’s PTT seeks collaborators for petrochemical and refining unitsÂ
PTT, the government-owned energy company of Thailand, is looking for partners to inject capital and offer expertise for its petrochemical and refining operations, reported Bloomberg.Â
Industry News
Ghana begins construction of $12bn petroleum hub
Ghana has begun the construction of a $12bn petroleum hub as it looks to supply West Africa with all of its refined products by 2038.
Industry News
Saudi Arabia’s national shipping firm splashes $1bn on nine VLCCs
The National Shipping Company of Saudi Arabia will spend $1bn to buy nine very large crude carriers (VLCCs) to modernize its fleet.
Company News
Iraq and bp to agree on profit-sharing model for Kirkuk’s oil and gas fieldsÂ
Iraq plans to operate on a profit-sharing model with British energy giant bp for the development of the Kirkuk oil and gas fields, reported Reuters, citing sources. Â