Asset/portfolio management
Stonepeak will pay $5.7 billion for 40% interest in the project due for FID later this year.
The acquisition expands INEOS’s US upstream footprint and gives it a minority stake in a pair of deepwater Gulf of Mexico producing fields.
In the next 3 to 5 years, South America and the Middle East will lead global investment, driven by greenfield developments, exploration, and midstream infrastructure. Brazil’s growth is fueled by deepwater pre-salt projects, while the Middle East focuses on gas and LNG, especially in Qatar, Saudi Arabia, and the UAE.
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The Biden administration postpones Sale 261 while awaiting court ruling. -
The all-stock transaction is the second megadeal to rock the energy industry this month.
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The supermajor plans to sell its majority stake in the Italian offshore terminal as it sheds noncore assets.
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French supermajor sells its pair of oil sands assets to focus capital on its oil and gas assets with low breakeven.
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Aker Solutions, SLB, and Subsea 7 have joined to create a subsea engineering firm to drive innovation and efficiency in subsea production.
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The Biden Administration plans for a maximum of three lease sales in the Gulf of Mexico from 2024 to 2029.
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The company is set to supply offshore well services and subsea systems for Vår Energi-operated fields on the Norwegian Continental Shelf.
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Operator pays $400 million for a 40% stake in tract that contains the $6-billion Cameia/Golfinho project.
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The Oklahoma independent agreed to acquire the assets of three private companies in its quest to scale up in the Permian's Delaware Basin.
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Consortiums led by ExxonMobil, TotalEnergies lead the charge into the blocks offered in the oft-delayed offshore parcel auction.
