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World Oil News
National Ocean Industries Association (NOIA) President Erik Milito issued a statement after the Bureau of Ocean Energy Management released the Draft Programmatic Environmental Impact Statement (EIS) for oil and gas leasing in the Gulf of Mexico. Source
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Magnaflux non-destructive testing (NDT) solutions are trusted by Oil Country Tubular Goods (OCTG) manufacturers, oilfield and pipeline inspection companies, power generation companies and refineries. Source
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Equinor and Shell will combine their UK offshore oil and gas assets and expertise to form a new company which will be the UK North Sea’s biggest independent producer, the companies’ UK subsidiaries have announced. Source
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(Bloomberg) – Chevron Corp. plans to slow production growth in the biggest U.S. oil field next year in the most definitive sign yet that President-elect Donald Trump faces an uphill battle to ramp up American oil output. Source
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Equinor and Shell will combine their UK offshore oil and gas assets and expertise to form a new company which will be the UK North Sea’s biggest independent producer, the companies’ UK subsidiaries have announced. Source
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JDR Cable Systems (JDR), the global subsea cable and umbilical supplier and service provider, has won a significant contract by DEME Offshore to support Dominion Energy’s Coastal Virginia Offshore Wind (CVOW) project. Source
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Magnaflux non-destructive testing (NDT) solutions are trusted by Oil Country Tubular Goods (OCTG) manufacturers, oilfield and pipeline inspection companies, power generation companies and refineries. Source
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CNX Resources Corporation has entered into a definitive agreement to acquire the natural gas upstream and associated midstream business of Apex Energy II in the Appalachian Basin for total cash consideration of approximately $505 million. Source
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Crescent Energy Company has announced the signing of a definitive agreement to acquire Eagle Ford assets from Ridgemar Energy for upfront consideration of $905 million plus future oil price contingent consideration Source
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(Bloomberg) – Equinor ASA and Shell Plc will combine their British offshore oil and gas assets to form a new company, which they said will be the UK North Sea’s biggest independent producer. Source
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