Aker BP completes $14bn acquisition of Lundin Energy’s E&P business
Lundin Energy Norway will operate as Aker BP’s fully owned subsidiary and will be renamed ABP Norway AS.
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Shell defers plans to divest Nigerian onshore oil assets
The sale process will not resume until the country's Supreme Court pronounces a verdict on the 2019 oil spill case.
Russia to create new firm to take over Sakhalin-2 oil and gas project
Foreign shareholders are required to seek permission from the government for a stake in the new company within a month.
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.
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.
UK may cease gas supply to Europe if shortage intensifies
The National Grid may cut off the gas interconnector pipelines to the Netherlands and Belgium under emergency measures.
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.