19 December 2024
19 December 2024
The biggest deals in the global hydrocarbon sector this year ranged from $3.3bn to $26bn in value with a continued focus on consolidation.
Before the invasion, the US opposed Nord Stream 2, citing risks of bypassing Ukraine and weakening its stance against Russia.
US oil output has risen 11% to 21.6 million barrels per day (mbbl/d) over the past two years, according to OPEC data.
The project will be executed at KOIL's Houston facility, with completion and delivery expected in late 2025.
The asset swap includes Woodside's 13% non-operated stake in the Wheatstone project and 65% operated stake in the Julimar-Brunello project.
Talos Energy has also signed a cooperation agreement with Control Empresarial de Capitales, a major shareholder in Talos.
Abu Dhabi is estimated to hold 220 billion barrels (bbbl) of unconventional oil and 460 trillion cubic feet (tcf) of unconventional gas.
The seventh exploration well in the licence area, well 31/1-4, was drilled to a depth of 3,772m by Deepsea Atlantic.
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