Devon will disburse $3.25 billion in cash and $1.75 billion in stock, it said in a statement Monday. The company plans to finance the first portion with cash on hand and debt. The deal is expected to close by the end of the third quarter. SourceContinue Reading
The company expects to drill as many as five wells within the Northern Cape Ultra Deep license block, about 300 km (186 miles) offshore the west coast of South Africa in depths up to 3,200 m. Shell and TotalEnergies SE made oil and gas discoveries in Namibian waters north of the block starting in 2022....Continue Reading
Eni has made a new discovery on the Yopaat-1 EXP exploration well in Block 9, approximately 63 km off the coast in the mid-deep water of the Cuenca Salina in the Sureste basin offshore Mexico. The preliminary estimates indicate a discovered potential of around 300-400 MMboe of oil and associated gas in place. SourceContinue Reading
The Naingopo well is targeting 163 MMbbl mof unrisked prospective oil resources or 843 Bcf of unrisked prospective natural gas resources. SourceContinue Reading
Devon will disburse $3.25 billion in cash and $1.75 billion in stock, it said in a statement Monday. The company plans to finance the first portion with cash on hand and debt. The deal is expected to close by the end of the third quarter. SourceContinue Reading
Technip Energies and SBM Offshore announced the formal implementation of Ekwil, a 50/50 floating offshore wind joint-venture. Ekwil is a pure player delivery partner offering a diversified range of ‘series production’ floating offshore wind solutions to meet the growing and demanding needs of energy customers around the world. SourceContinue Reading
The contract value for the firm period is approximately $68 million, and the contract also includes two 7-month options. The planned start-up of operations is set for March 2025. SourceContinue Reading
Technip Energies and SBM Offshore announced the formal implementation of Ekwil, a 50/50 floating offshore wind joint-venture. Ekwil is a pure player delivery partner offering a diversified range of ‘series production’ floating offshore wind solutions to meet the growing and demanding needs of energy customers around the world. SourceContinue Reading
Slim’s Grupo Carso agreed to a deal with Mexico’s state-run Petroleos Mexicanos to explore and extract from Lakach, a deepwater field discovered in 2007 about 98 km (61 miles) southeast of the city of Veracruz. Carso will team with Houston-based Talos Energy and a local unit of Spain’s Fomento de Construcciones y Contratas SA to...Continue Reading
Suncor said late Thursday that it’s temporarily curtailing some production at Firebag because of a nearby wildfire. The blaze is about 8 km (5 miles) from the site and grew to about 12,000 hectares (29,650 acres) in size since Thursday. SourceContinue Reading
