Edison to sell Algerian gas asset to Wintershall Dea and Repsol
The North Reggane field comprises 19 wells that produce approximately 2.8 billion cubic metres of gas per year.
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Equinor to sell operatorship stake in US Gulf of Mexico field to Shell
To reflect the change in the stake, the North Platte development project will be renamed Sparta development.
PetroChina may divest Australian and Canadian assets to offset losses
The sale comes over concerns of Western sanctions impacting the assets and also due to their ‘disappointing economics’.
Earthstone Energy signs $627m deal to acquire New Mexico assets
The deal is expected to increase Earthstone’s net production by 18,000boepd to 23,000boepd in Q4 2022.
ExxonMobil and Imperial Oil to sell Canadian oil and gas assets for $1.47bn
With the acquisition, Whitecap Resources will enter the liquids-rich Duvernay play at Kaybob.
Shell and APA secure exploration blocks offshore Uruguay
Shell received the rights to block OFF-7 and OFF-2 while APA secured the rights to block OFF-6.
Neste to invest $2bn in Dutch renewable products refinery
The investment will increase the Rotterdam refinery’s production capacity to 2.7 million tons per annum.
Pipeline Technique to acquire Stanley’s oil and gas division
PTL will acquire CRC-Evans, Pipeline Induction Heat, and Stanley Inspection that form Stanley’s oil and gas division.