Asset Management
The deal includes Waygate’s inspection portfolios and is expected to close later this year.
An asset swap with PDVSA helps consolidate the supermajor’s heavy-oil operations in the country.
Co-owner Chevron confirmed the find at the Bandit prospect offshore Louisiana and suggested it may become a subsea tieback to existing faciltiies operated by Occidental Petroleum.
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The operator is exercising its right of first refusal, negating the previously announced deal with a private equity group. -
Those who work for the many small businesses in the oil patch see the business, and its future, differently from the energy and financial giants that get most of the coverage.
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After Equinor laid out its strategy to maximize oil and gas profits as it transitions to business that minimizes carbon emissions, stock analysts asked if the less-profitable units can sustain the dividend.
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The discovery in the US Gulf of Mexico was tied back through a single well completion to existing infrastructure.
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Four licenses are awarded to seven oil companies as this round sees less interest than previous ones.
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The new field, which is tied back to the Na Kika platform, is expected to add over 20,000 B/D of new production at peak.
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The marine contractor will utilize its North Ocean 102 pipelay/lift vessel for the work at the Shenzi field.
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Norway appears to be taking a dual approach to energy transition. In its just-released energy white paper, the Norwegian government says it is committed to producing renewable energy and bolstering its power grid but isn’t willing to halt development of its oil and gas resources.
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India is on a global hunt to tap all colors of fossil fuel and renewables as the country prepares to overtake China as the world’s most populous nation.
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Bill Gates’ TerraPower teams with Warren Buffett’s PacifiCorp to demonstrate the viability of carbon-free SMRs in Wyoming.
