Netherlands exploration and production outlook
2020 saw the lowest oil and gas supply in over a decade in the Netherlands, and exploration is set to be slow but with a focus on renewables.
Fossil
Iberdrola divests its natural gas storage business in Canada
The company sold its stake in the 43Bcf Alberta Hub Gas Storage facility in Alberta,...
Lower oil prices have not translated to reduced petrol prices for UK consumers
Oil prices have fallen by $10, which, however, did not mean a fall in petrol...
TotalEnergies start production from the Angolan offshore field
The Clov Project Phase two is expected to have a 40,000 barrels of oil per...
ConocoPhillips buys Shell’s Permian business for $9.5bn
Shell divested approximately 225,000 net acres and producing properties with 175,000 barrels equivalent per day.
Chevron unveils its $15bn investment plan for 2022
The oil producer plans to raise its share buyback guidance range to $3bn-$5bn per year, compared to its previous $2bn-$3bn guidance range announced in July.
ADNOC to invest up to $127bn between 2022 and 2026
The oil giant will use the money to bolster its upstream production and downstream portfolio.
Shell looks to re-enter Libya’s oil and gas sector
The firm is considering developing new oil and gas fields offshore the Cyrenaica basin, and onshore the Sirte and Ghadames basins.
Mexico’s Pemex launches new subsidiary to sell petrochemical products
The new subsidiary will focus on gaining larger shares of the domestic oil, gas and petrochemical markets for Pemex.
Petronas and PTTEP make another gas discovery offshore Malaysia
The discovery of contaminant-free gas in the Nangka-1 well marks the second gas discovery within the Baram Province this year.
Seplat Energy considers acquisition of Exxon’s Nigerian offshore assets
Exxon intends to shift its primary focus towards profitable projects by selling its assets in Nigeria.
