Asset/portfolio management
The deal between the Republic of the Congo and the Chinese oil and gas company aims to develop the Banga Kayo, Holmoni, and Cayo blocks and raise national oil output to 200,000 B/D by 2030.
A total of 20 companies submitted applications for new exploration blocks offshore Norway.
The SPE Asset Management Technical Section (AMTS) is teaming up with the University of Houston to launch a pilot program that advances asset management practices and supports the growth of energy professionals worldwide—setting a model for future collaborations between universities and SPE technical sections.
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The Russian president has signed a decree that appears to nationalize the Sakhalin-2 offshore oil and gas production-sharing agreement and related LNG facilities to squeeze out its foreign partners. -
Whitecap enters into the liquids-rich Duvernay play, including 74,000 acres with more than 250 identified drilling locations.
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The sale is subject to the closing of the acquisition by BW Energy of the 100% operating working interest in the Golfinho field from Petrobras.
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ExxonMobil's departure leaves BP and Shell as the last international oil companies in Iraq.
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The UK supermajor is selling off its Sunrise oil sands stake for cash, interest in the undeveloped Bay du Nord complex off Newfoundland.
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Shell’s revised Jackdaw development plan has been approved by regulators who had rejected its original plan last year.
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The new, larger vessels are all part of the UAE’s ambitious LNG expansion plans, which also include a new plant in Fujairah.
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The project partners and government came together to salvage the stalled East Canada offshore project now due to produce first oil in 2026.
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The Internet of Things company plans to broaden its reach into the oil and gas industry with its acquisition of Hiber.
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The US has extended Chevron’s waiver to maintain its assets in sanctioned Venezuela through the end of November 2022 under the same limited terms as the previous extension.
