Asset/portfolio management
As the pace of new discoveries slows and high-quality prospects become harder to find, oil companies may need to rely more heavily on mature fields to maintain production and support future supply.
EY reports an 11% decline in reserve additions and the first sub-100% reserve replacement ratio since 2021, even as crude output climbed.
By acquiring 100% of Ventura’s outstanding shares, SED Energy Holdings would scale its business into a combined $1 billion company backed by a $1.3 billion contract backlog focused on deepwater drilling, shallow-water tender rigs, and seismic acquisition.
-
The $540 million joint acquisition is expected to close in June. -
Eagle Ford sees ‘surprising resurgence’ as buyers look to secure the play’s mature assets.
-
The independent sells out of south Texas shale, while expanding its Permian presence in separate deals.
-
It takes only 3 days for an LNG carrier or oil tanker to reach India from East Africa where Tanzania is destined to become an LNG exporter together with its neighbor Mozambique and a transit point for Ugandan oil exports.
-
The French supermajor calls deal "more straightforward" than spin-off of business.
-
The vessel has been under bareboat charter with the company since its delivery in June 2020.
-
Already a partner in the Cameron LNG export facility in southwest Louisiana, Mitsui now expands its US gas and LNG exports with an investment in upstream unconventional assets.
-
Regulator hits the brakes on any Jeanne d’Arc Basin acreage offerings for 2023.
-
The Kremlin’s agreement to settle payment enables the equity transfer to be finalized.
-
After successfully identifying prospects offshore Namibia with Shell and TotalEnergies, QatarEnergy is now expanding its African footprint into Mauritania.
