Phillips 66 intends to takeover pipeline operator DCP Midstream
A potential acquisition deal would value DCP Midstream at $7.2bn.
Fossil Fuels
Latest in
Fossil Fuels
Oil company Denbury reportedly evaluating strategic options
The Texas-based firm, which has a market cap of nearly $4bn, exited bankruptcy in September 2020.
ONGC and ExxonMobil partner for deepwater oil and gas exploration in India
The two firms will undertake oil and gas exploration work on the Krishna Godavari and Cauvery basins.
Top tweets: White House blames refiners for high gasoline prices – and more
Offshore Technology lists five of the top tweets on oil and gas supply in Q2 2022 based on data from…
Germany secures LNG supply deal for two floating LNG terminals
The deal comes amid Gazprom warning that gas prices in Europe could surge by 60% this winter.
China leads Asia’s refinery FCCU capacity
In Asia, eight countries had active refineries with a total FCCU capacity of 3,551mbd in 2021.
By
Australia’s Santos to move ahead with $2.6bn Alaska oil project
The Pikka Phase 1 project is expected have a production capacity of 80,000 barrels of gross oil per day.
Petrobras to divest 40% stake in two concessions in Potiguar basin
The firm is looking for bidders for a minority stake in the BM-POT-17 exploratory concessions and block POT-M-762.