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World Oil News
ADNOC Drilling has announced the closing of the Turnwell Industries joint venture between ADNOC Drilling, SLB and Patterson-UTI. Source
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Vitesse Energy has announced a definitive agreement to acquire Lucero Energy in an all-stock transaction valued at $222 million. The addition of Lucero’s operations will enable Vitesse to expand its assets across the Bakken shale region. Source
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ExxonMobil has named Tenaris its 2024 Supplier of the Year, recognizing the company’s performance, competitiveness and high standards as consistent with ExxonMobil’s values and expectations. Source
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Following an announcement that the UK and Norway governments have agreed to support a new Green Industrial Partnership that will combine their capabilities on clean energy and drive economic growth, OEUK published a response. Source
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Diamondback Energy, Halliburton Energy Services and VoltaGrid LLC have entered into a landmark agreement to deploy four advanced electric simul-frac fleets across the Permian basin. Source
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Venture Global announced it has reached first liquified natural gas (LNG) production at the company’s second facility, Plaquemines LNG, in Port Sulphur, Louisiana. The milestone was achieved just 30 months from its Final Investment Decision (FID). Source
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Northern Oil and Gas announced that it has entered a Joint Development Program with one of Appalachia’s most capital efficient operators. The program covers drilling activities in calendar year 2025. Source
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(Bloomberg) – Kosmos Energy Ltd. and Tullow Oil Plc both acknowledged early merger talks on Thursday, following media speculation. Together, the companies would create an Africa-focused explorer with production exceeding 120,000 boed. Source
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CNOOC has announced that its U.S.-based subsidiary, CNOOC Energy Holdings U.S.A. Inc., has entered into a Stock Purchase Agreement (SPA) with a subsidiary of INEOS Energy for the sale of CNOOC Holdings U.S.A. Inc. Source
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(Bloomberg) – Colombia wants to shorten the production timeline at its biggest deepwater discovery, the nation’s energy chief said, as it braces for a shortfall of natural gas in coming years. Source
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