Asset/portfolio management
Spanish yard will prep the almost 40-year-old FPSO for redeployment opportunities for new owner.
Extensive acreage overlap and existing operational collaboration drove the acquisition decision.
FPSO Nganhurra, laid up in Malaysia, produced Woodside’s Enfield field until the end of 2018.
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The acquisition deepens Equinor’s holdings in one of is core regions and will add 15,000 BOE/D of new production. -
The Eagle Ford shale currently represents about 30% of Baytex’s total production.
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The UK company will purchase oil producing acreage across the northern part of the south Texas Eagle Ford shale play.
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Nabors expanded its push beyond the oil business by acquiring an Australian solar power company selling a round-the-clock power technology.
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QatarEnergy’s acquisition of a 30% interest in E&P blocks offshore Lebanon with TotalEnergies and Eni expands the company’s East Med portfolio while enabling the Emirate to help mediate Beirut’s longstanding political and economic crisis.
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Offshore Eastern Canada is showing signs of life as new project commitments are firmed up and idled projects roar to life.
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The acquisition of Advance Energy Partners shows that private equity groups are successfully maintaining premium valuations for core assets.
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M&A market activity in the fourth quarter fell from the third-quarter high to $13 billion.
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Novatek is reporting a 6.3% jump in 2022 LNG exports, driven by Europe which has shunned Russian pipeline gas while increasing its purchases of Russian LNG.
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The Oklahoma City-based operator struck the first big US shale deal of 2023 as it pivots toward natural gas developments.
