To finalize the deal, however, Chevron and Hess still need to prevail in arbitration against Exxon Mobil Corp. and Cnooc Ltd., who claim a right-of-first-refusal on Hess’ biggest asset — a 30% stake in a massive oil field offshore Guyana. The case, currently being administered by the International Chamber of Commerce, is likely to be...Continue Reading
The main production facilities include a new fixed production platform and three centralized subsea wellheads, with 12 development wells planned to be commissioned. It is expected to reach peak production of 162 MMcfgd and 3,931 bpd in 2025. SourceContinue Reading
The supermajor is working on developing the deepwater Owo project, Nigerian Vice President Kashim Shettima said after meeting Exxon Nigeria chairman Shane Harris. The company also proposed to spend $2.5 billion annually to boost oil output by 50,000 bpd over the next few years, Shettima said. SourceContinue Reading
TotalEnergies has signed an agreement with Lewis Energy Group to acquire a 45% interest in dry gas producing assets owned and operated by Lewis Energy Group in the Eagle Ford basin in Texas. SourceContinue Reading
The Onshore Block 2, located within the Al Dhafra region of Abu Dhabi covering an area of over 7300 km2, is PETRONAS Abu Dhabi’s third concession, following the Unconventional Block 5 in 2024 and the Unconventional Block 1 in 2022. SourceContinue Reading
The supermajor is working on developing the deepwater Owo project, Nigerian Vice President Kashim Shettima said after meeting Exxon Nigeria chairman Shane Harris. The company also proposed to spend $2.5 billion annually to boost oil output by 50,000 bpd over the next few years, Shettima said. SourceContinue Reading
Upon closing, the combined company will be the largest natural gas producer in the U.S. and assume the name Expand Energy Corporation. SourceContinue Reading
NES, specializing in sustainable energy design and smart control systems for vessels, will deliver a containerized energy storage system that includes a “Quest” battery charger, a 1 MW battery package, and a control system. The system is capable of operating in peak shaving, spinning reserve and harbor mode. SourceContinue Reading
In the nine months through March, South Sudan produced 150,000 bpd. This plunged 70% in the final three months of the fiscal year after its main export pipeline ruptured in February. Last week, President Salva Kiir’s office signaled progress in plans to restore production after a meeting with Sudan’s military leader Abdel Fattah Al-Burhan in...Continue Reading
Upon closing, the combined company will be the largest natural gas producer in the U.S. and assume the name Expand Energy Corporation. SourceContinue Reading
