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The firm has been working to spin off Technip Energies, creating two companies, with Technip Energies focused on engineering and technology and the remaining TechnipFMC focused on providing integrated technology and services.

BP agreed 1 year ago to sell its interests to Premier Oil for $625 million. The companies later restructured the deal and BP lowered its cash value to $210 million. The transaction fell through after Premier was taken over by Chrysaor in October 2020.

On a pro forma basis the newly combined oil company is expected to have an output of around 280,000 B/D, making it one of the top producers in the Permian Basin.

The US Department of Energy has extended export terms for seven long-term LNG licenses until 2050. The extension affects projects currently under construction or pending the start of construction.

Within the race for renewables, oil and gas companies are finding themselves in a proverbial rut as they reassess existing profitable models with future energy transition plans. What adds more difficulty is the question of speed in which companies pursue this conundrum.

Just a few weeks after the Colorado Oil and Gas Conservation Commission's final approval of a statewide 2,000-ft setback between new wells and some buildings, Boulder County commissioners have adopted even stricter requirements.

China independent distributor Jiasheng Gas Co. is set to build a $380-million LNG storage and receiving facility in east China, as the country opens up to more private participation and investments surge in LNG import terminals.

Six international and Egyptian companies will search for oil and gas in the Mediterranean and Red Sea with the drilling of 17 new exploration wells.

Mozambique said its security forces repelled an attack by Islamist insurgents on a town close to the site where Total is building a $20 billion natural gas facility.

Production has started on the Mahani field in Concession Area B of the Sharjah Emirate, the first startup from a new discovery onshore Sharjah in 37 years.