Asset/portfolio management
After a decade and a half of declining production, Uzbekistan, ranked 15th worldwide in gas output, has been seeking foreign partners to revive and reverse the fortunes of its oil and gas industry.
While often associated with smaller discoveries, subsea tiebacks are playing a growing role in contributing to the broader energy mix.
Talos Energy founder Tim Duncan has been named executive chairman of newly formed 1947 Oil & Gas, which will focus on acquiring and developing mature, shallow-water assets through its buyout of Renaissance Offshore. The deal is expected to close in Q2 2026.
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A duo of deals sees BP snapping up a US biogas producer, while TC Energy invests in producing biogas from Jack Daniel's byproducts. -
M&A market activity in the third quarter delivered the best showing of 2022 despite price volatility and a dearth of deals in the prolific Permian Basin.
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The acquisition expands Talos' footprint in the deep GOM, giving it ownership stakes in key infrastructure.
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The Sydney-based company announced it will also seek to exit all of its upstream permits with the exception of its major LNG joint venture.
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The sale had 307 valid high bids worth more than $190 million.
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SPE has established three new technical sections—the Management Technical Section, the Methane Emissions Management Technical Section, and the Data Science & Engineering Analytics Technical Section.
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A Schlumberger, Aker Solutions, and Subsea 7 partnership will collaborate on international subsea projects.
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Eni and TotalEnergies’s newest gas discovery offshore Cyprus confirms geologic ties to Egypt’s Zohr field, the Mediterranean’s largest natural gas field.
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The Norwegian oil and gas producer announced its new spending plan that aims to raise production past half a million barrels a day.
