Constellation and Calpine Corp. today announced they have entered into a definitive agreement under which Constellation will acquire Calpine in a cash and stock transaction valued at an equity purchase price of approximately $16.4 billion. SourceContinue Reading
Shell and Chevron announced the start of oil production from the Whale semisubmersible platform in the deepwater U.S. Gulf of Mexico. Chevron owns 40% working interest in Whale, with Shell owning 60% interest as operator. Estimated peak production from the Whale development is 100,000 gross boed. SourceContinue Reading
Subsea 7 has secured a contract with Equinor for a front-end engineering and design (FEED) study with EPCI option for the Fram Sør development project, offshore Norway. SourceContinue Reading
Chevron has commenced production from the Whale semisubmersible platform in the deepwater U.S. Gulf of Mexico. Chevron owns 40% working interest in Whale, with Shell owning 60% interest as operator. Estimated peak production from the Whale development is 100,000 gross boed. SourceContinue Reading
An Environmental Statement developed by Xodus Group helped to pave the way for a major carbon capture and storage (CCS) project to become the UK’s first to reach financial close. The ES is the first for a CCS project in the UK to have reached this stage. SourceContinue Reading
(Bloomberg) – Norway’s oil and gas companies delivered record levels of natural gas in 2024 and will drill a similar number of exploration wells this coming year, in a push to offset production declines later in the decade. SourceContinue Reading
Energy NL has made a submission to the Government of Canada Gazette 1 consultation process, requesting that the federal government abandon its proposed ‘Oil and Gas Sector Greenhouse Gas Emissions Cap Regulations.’ SourceContinue Reading
Europe’s oil and gas industry is increasingly leveraging AI to optimize operations across its value chain as the region faces growing energy security concerns, according to a new research report published by Information Services Group (ISG). SourceContinue Reading
Elected officials and trade groups representing businesses across the supply chain are sounding the alarm over the Biden administration’s 11th hour decision to ban new oil and natural gas activity across millions of acres of federal waters. SourceContinue Reading
Chevron has announced the start of oil production from the Whale semisubmersible platform in the deepwater U.S. Gulf of Mexico. Estimated peak production from the Whale development is 100,000 gross boed, with up to 15 wells in the first phase. SourceContinue Reading
