This post was originally published on this site New York's state pension fund will sell $238 million worth of stock and debt it holds across 21 shale oil and gas companies including Chesapeake Energy Corp, Hess Corp and Pioneer Natural Resources, saying they have not shown they are ready to move to a low-emissions economy.
New York Pension Fund to Divest Half its Shale Companies Read More »
This post was originally published on this site A rally in oil prices to over seven-year highs is leading to a flurry of asset sales in Canada as energy companies cash out of low-margin assets, but the rush of deals could turn it into a buyer's market, bankers and company executives said.
Canada's Oil M&A Flurry Seen Giving Buyers Upper Hand in Dealmaking Read More »
This post was originally published on this site Guyana could form a national oil and gas company to oversee its own exploration instead of conducting an offshore drilling auction this year, a government official told international oil executives on Tuesday.
Guyana May Develop Offshore Oil Prospects on Its Own Read More »
This post was originally published on this site Oil output in the Permian Basin will rise 71,000 bpd to a record 5.205 MMbpd in March, the U.S. Energy Information Administration said in its productivity report on Monday.
Permian Oil Output Forecast to Hit Record High in March Read More »
This post was originally published on this site United Arab Emirates-based Dragon Oil has made its first oil discovery in the Gulf of Suez, the Egyptian petroleum ministry said Tuesday.
UAE's Dragon Makes Oil Discovery in Gulf of Suez Read More »
This post was originally published on this siteRussian oil company Lukoil said Friday it had completed the acquisition of the 50% operator interest in the Area 4 project in Mexico through the acquisition of the operator’s holding company…
Lukoil Wraps Buys 50% Stake in Shallow Water Area 4 Offshore Mexico Read More »
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This post was originally published on this site Total oil & gas industry M&A deals worth $15.3bn were announced globally in April 2021, led by Pioneer Natural Resources’ $6.2bn acquisition of DoublePoint Energy, according to GlobalData’s deals database. google.charts.load(‘current’, {packages:[‘corechart’, ‘bar’]});google.charts.setOnLoadCallback(drawBasic_Template1_Monthly_April_2021_Oil_gas__M_A___);var options={title:’ M&A deals in oil & gas industry – April 2021′, chartArea:{width:’50%’}, hAxis:{title:’Deal Volume’,
Oil & Gas industry M&A deals total $15.3bn globally in April 2021 Read More »
This post was originally published on this siteThe Qatar Shell gas-to-liquids (GTL) project got off to a good start on 14 February 2005 with the spudding of the first of two appraisal wells in Qatar’s massive North Field. This is the largest gas field in the world, and Shell expects to produce 1.6 billion standard
Shell’s Sure Touch in Qatar Read More »
This post was originally published on this siteIn September 2004, Hurricane Ivan taught the industry that it has much to learn about designing and building the rigs and platforms left behind to face the ravages of high winds and crushing waves. It is especially important as exploration pushes into new terrain, and as deepwater drilling
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