Diamondback Energy and QEP Resources have entered into a definitive agreement under which Diamondback will acquire QEP in an all-stock transaction valued at approximately $2.2 billion, including QEP’s net debt of $1.6 billion as of September 30, 2020. SourceContinue Reading
Joe Biden’s cabinet picks, and his interest in working with China to stage elections in Venezuela, will make 2021 a transformative year for fossil fuels. SourceContinue Reading
“Shipowners are faced with many uncertainties in the rapidly changing marketplace,” said Seong-Yong Park, COO and SEVP of HHI Group. “We believe our research results, including proven engineering solutions and alternative fuels, will support them in developing their future strategy for ship operations and fleet renewal.” SourceContinue Reading
RIL and BP are developing three deepwater gas projects in block KG D6 – R Cluster, Satellites Cluster and MJ – which together are expected to meet ~15% of India’s gas demand by 2023. SourceContinue Reading
About $144 billion of energy bonds were trading at distressed levels in the middle of March, when the pandemic sent oil demand plunging, but that number receded to $37 billion by the end of November. SourceContinue Reading
Deb Haaland, a 60-year-old citizen of the Laguna Pueblo, a 7,700-member tribe west of Albuquerque, New Mexico, has drawn widespread praise from environmental groups and tribal leaders. They say she would bring a deep commitment to protect the land to an agency in charge of 500 million acres of it. SourceContinue Reading
The Biden administration signaled an intent to push for free and fair elections in Venezuela, offering sanctions relief in return. Maduro’s foreign backers, including Russia, China and Iran, are expected to play a role, as will Cuba, which is keen to improve relations with the U.S. SourceContinue Reading
The gross consideration for the transaction, as at the locked box date of 1 January 2019, is $284 million and the final net consideration (net of cash acquired), as of 17 December 2020, is $203 million. SourceContinue Reading
The agreement formalizes the commitment from both companies to progress the industry standard OSDU data platform and lays the foundation for further collaboration and innovation for workflows and solutions across the energy spectrum. SourceContinue Reading
engageSubsea remote serves as an equipment inspection tool, technical support and operational management platform, and is designed to drive operational excellence and increase capital productivity for offshore oil and gas operators. SourceContinue Reading
