Business/economics
EY reports an 11% decline in reserve additions and the first sub-100% reserve replacement ratio since 2021, even as crude output climbed.
Superior seeks to expand its international footprint through the acquisition, which is reportedly valued at $1.2 billion.
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.
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The deal is expected to support the LNG producer's Sabine Pass Liquefaction expansion project. -
The contractor will install flexible pipe and subsea structures on the field in Block 17 offshore Angola.
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Louisiana-based Commonwealth LNG project takes two steps forward with Baker Hughes order and Kimmeridge investment.
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The transaction will add significant high-quality inventory offset to Permian Resources’ existing core acreage in New Mexico.
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The acquisition of Crestwood Equity Partners extends Energy Transfer’s position deeper into the Williston and Permian basins and provides entry into the Powder River Basin.
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Work is to be executed offshore Congo, the US Gulf of Mexico, Romania, and Germany.
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Occidental has been an investor in the Canadian climate solution firm since 2019.
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A $700-million deal completes the operator's strategy to focus on its gas-rich developments in Pennsylvania and Louisiana.
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The projects are expected to remove more than 2 million metric tons of CO2 emissions annually from the atmosphere.
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Equinor-led project would add gas compression and electrification to the Hammerfest LNG plant.
