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.
-
The deal is expected to add over $1 billion in annual free cash flow to Chevron’s bottom line. -
The award includes two LNG ‘mega’ trains with a combined capacity of 16 mtpa.
-
The $540 million joint acquisition is expected to close in June.
-
The deal is expected to support the LNG exporter’s Sabine Pass liquefaction expansion project.
-
This paper describes an approach implemented by the operator to solve research and development challenges by creating in-house infrastructure of both software and hardware.
-
The French supermajor calls deal "more straightforward" than spin-off of business.
-
Regulator hits the brakes on any Jeanne d’Arc Basin acreage offerings for 2023.
-
Sinopec becomes the first Asian equity holder in the NFE expansion after having signed a 27-year sales and purchase agreement with Qatar, the longest term in the industry.
-
A new report from Rystad Energy sees strong labor wage growth testing the budgets of US shale operators.
-
The Kremlin’s agreement to settle payment enables the equity transfer to be finalized.
