Udenna Corporation has purchased Chevron’s 45% stake in the Malampaya gas field off...
Udenna to buy Chevron’s share in Malampaya gas field
Udenna Corporation has purchased Chevron’s 45% stake in the Malampaya gas field off the coast of the island of Palawan.
Ithaca Energy completes $2bn sale of Chevron North Sea
UK-based oil and gas operator Ithaca Energy has announced the completion of acquisition of Chevron North Sea Limited (CNSL) for $2bn.
Santos to acquire 40% interest in Beehive permit offshore Australia
Energy company Santos has decided to acquire a 40% interest in the WA-488-P permit containing the Beehive prospect offshore Australia.
MOL to acquire stakes in Azerbaijan’s ACG field and BTC pipeline
Oil and gas firm MOL Group has signed an agreement with Chevron Global Ventures and Chevron BTC Pipeline to acquire their non-operated E&P and mid-stream interests in Azerbaijan for $1.57bn.
Middle East leads global contract awards activity by value in Q3 2019
North America recorded the most contracts by volume, with 489 contracts reported, representing 35% of the global total in Q3 2019.
Total sells stake in offshore Brunei block to Shell for $300m
French integrated oil and gas company Total has signed an agreement to sell wholly owned subsidiary Total E&P Deep Offshore Borneo (TEPDOB) to oil and gas firm Shell for $300m.
Russian influence in energy-rich Middle East grows
Russia is riding high in the Middle East. For now, at least
BP’s Q3 results show oil price and weather-related losses
British energy multinational BP has announced its results for the third quarter (Q3) of 2019, reporting a drop in underlying replacement cost profit for the third quarter of 2019 to $2.3bn, compared to $3.8bn a year before. Underlying upstream production, excluding those from Russian state-backed firm Rosneft, also saw a 2.5% decline from a year earlier.
Mexican energy reform: what will it mean for international investment?
With the election of Andres Manuel López Obrador to presidential office, the question of whether his socialist policies will shut the door on international investment in oil and gas was raised. Whatever the answer, Mexico’s domestic sector readies itself to play a leading role, as Andrew Tunnicliffe finds out.
Read our magazine
Offshore Technology Focus is the essential reading material for decision-makers in the offshore oil & gas industry, bringing you the latest news and analysis in an exciting, interactive format.