Occidental to sell certain Permian Basin acreage to Colgate Energy
The assets to be acquired by Colgate have a current production capacity of approximately 10,000boepd.
News
How is activity in the oil and gas sector recovering from Covid-19’s impact?
Analysis of jobs, deals, stock prices and financial filings and news sentiments now show oil...
Norway invites bids for 84 offshore oil and gas blocks
The APA 2021 licensing round offers blocks located in the North Sea, the Norwegian Sea...
Total awards pre-FEED contracts to Yinson for projects in Angola and Suriname
The two FPSO will be deployed at Block 20/21 offshore Angola, and Block 58 offshore...
ExxonMobil makes oil discovery at Longtail-3 well offshore Guyana
The well encountered 230ft of net pay, including newly identified hydrocarbon bearing reservoirs.
Talos form carbon capture and storage JV with Storegga in US
Talos Energy and Storegga Geotechnologies have agreed to jointly explore and develop carbon capture and storage (CCS) projects on the US Gulf Coast and Gulf of Mexico (GOM). Under the…
Siemens to provide electrical equipment for Bacalhau field offshore Brazil
OneSubsea has awarded a contract to Siemens Energy to turnkey package for the ultra-deepwater Bacalhau field located in Santos Basin, Brazil. Under the contract, Siemens will provide pressure and temperature…
KKR-backed Independence Energy to merge with Contango
Independence Energy and Contango Oil & Gas Company have agreed to merge in an all-stock deal to create a new oil and gas company with $5.7bn enterprise value. According to…
Stena Drilling acquires stake in offshore lifting technology firm Intebloc
Drilling contractor Stena Drilling has acquired a 30% stake in digital offshore lifting technology company Intebloc for an undisclosed sum. Intebloc provides intelligent crane and lifting technology to improve the…
Enbridge to sell stake in gas distributor Noverco for $943m
Canada-based Enbridge’s subsidiary has signed a definitive agreement to divest its 38.9% non-operating minority stake in natural gas distributing company Noverco to investment company Trencap for $943m (C$1.14bn) in cash.…
ExxonMobil resumes drilling at Jabillo-1 well in Canje Block
ExxonMobil and its partners have recommenced drilling of Jabillo-1 well in the Canje Block, offshore Guyana, using Stena Carron drillship. This well is estimated to hold one billion barrels per…
