Business/economics
Equatorial Guinea government formalizes deal that paves the way for Block I development.
The deepest water depth project in Equinor’s portfolio, Raia aims to bring its gas onstream in 2028.
War-related damage to oil and gas facilities is expected to disrupt global supply chains for years, as backlogs for critical equipment continue to grow, Rystad Energy reports.
-
The deal includes Sandvik’s exploration rigs, consumables, production stock, and selected trademarks and patents. -
Hurricane Delta leads to shut-ins of 92% oil and 60% gas production in GOM as landfall is expected today.
-
GOM production shut-ins increased to 80% of the oil and 49% of natural gas. Hurricane Delta weakened from a category 4 storm to a category 2 storm on Wednesday and is expected reach the US Gulf later in the week.
-
The merger will effectively end the 86-year run of UK independent oil producer Premier Oil and give rise to one of the largest companies operating in the North Sea region.
-
The acquisition of Weir’s lines of pumps, consumable parts, wellhead, and pressure-control products expands Caterpillar’s well-service capabilities.
-
Hurricane Delta is expected to hit Mexico’s Yucatan Peninsula on Wednesday and reach the US Gulf later in the week. Twenty-nine percent of the current oil production and 9% of natural gas production in the Gulf of Mexico is shut in.
-
With oil prices still low, Hess decided to sell a stake in one offshore project to help pay to develop a much larger one.
-
The latest updates on the North American shale sector’s efforts to consolidate and restructure.
-
Petrobras will sell its stakes in 27 onshore exploration and production concessions located in Espírito Santo, called the Cricaré Cluster, to Karavan SPE Cricaré SA, a specific-purpose entity (SPE), for $155 million.
-
The sale of Chevron’s interest in the IDD project is part of its cost-cutting measures.
