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The $540 million joint acquisition is expected to close in June. -
The deal is expected to support the LNG exporter’s Sabine Pass liquefaction expansion project.
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The award is for Equinor's BM-C-33 development in Campos Basin.
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The construction of the CP2 LNG facilities in Cameron Parish is scheduled to start this year.
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The agreement seeks to accelerate the deployment of new technology to produce green and low-carbon hydrogen and graphene.
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The consortium will leverage the oil and gas industry's 100+ years of experience and technological developments in drilling and subsurface engineering to advance geothermal.
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The Equinor-led BM-C-33 will utilize a gas processing FPSO in the Campos Basin field cluster.
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Shell and Equinor are progressing the project toward a final investment decision, which is expected later this year.
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Contracts for the Uaru project’s FPSO and subsea installation were awarded to MODEC and Saipem.
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Eagle Ford sees ‘surprising resurgence’ as buyers look to secure the play’s mature assets.
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The independent sells out of south Texas shale, while expanding its Permian presence in separate deals.
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The deal covers the supply of a subsea production system for the Uaru project in the country’s prolific Stabroek Block.
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