Asset Management
The deal adds over 1,000 potential drilling locations and almost doubles oil production for Houston-based Magnolia.
The deal is the largest acquisition in Mitsubishi Corp.'s history and adds one of North America's leading shale gas assets to its portfolio.
The sale for $1.8 billion of Solenergi Power, the holding company for Sprng, which develops and operates solar and wind projects across India, follows other realignment actions by the supermajor.
-
The good news is 95% of the oil companies in Texas are expected to survive 2020, which means there is a lot of bad news to endure. -
With contracts canceled and pressures mounting, offshore oil drillers struggle to stay afloat.
-
A new licensing round will open up 136 blocks in the Arctic Barents Sea.
-
The $20.7-billion agreement is the single-largest energy infrastructure investment in the region.
-
COVID-19 will fundamentally affect the world’s energy systems and the pace and direction of global transition. The WEC identified a three-stage, respond-rebuild-recreate model being adopted by energy companies in response to the pandemic.
-
For successful development and execution, renewables—as with other capital projects —require diligent opportunity shaping. Five key steps for shaping renewable energy projects are discussed.
-
US oil and gas job losses due to pandemic-related demand destruction amount to 84,000—that’s 105,000 jobs year to date.
-
Potential suitors to acquire Chevron’s stake in the LNG project include co-owner and operator Woodside.
-
Sandvik and Van Oord’s announcements come a week after oil major BP said it’s slashing 10,000 jobs.
-
Aramco’s acquisition of SABIC positions the company as a major global petrochemical player.
