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06Jan0 comments
Suncor to record $425-million impairment on White Rose assets
Suncor Energy Inc., Calgary, will record a $425 million (Can.) non-cash after-tax impairment charge in fourth-quarter 2020 on its share…
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05Jan0 comments
Pandion acquires North Sea license interests from Wintershall
Pandion Energy has agreed to acquire a 2.5% interest in PL 820 S and a 15% interest in PL 617…
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05Jan0 comments
Origin Energy farms into Canning permits
Origin Energy Ltd., Sydney, has farmed into two exploration permits in the onshore Canning basin of Western Australia operated by…
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31Dec0 comments
Energean to acquire Kerogen interest Israel development
Energean PLC has entered into a conditional agreement with Kerogen Investments No.38 Ltd., an affiliate of Kerogen Capital, to acquire…
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31Dec0 comments
EIA: US crude inventories down 6.1 million bbl
US crude oil inventories for the week ended Dec. 25, excluding the Strategic Petroleum Reserve, decreased by 6.1 million bbl…
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31Dec0 comments
Eni signs MoU to promote collaboration with Chinese energy players
Eni and the International Cooperation Center of the National Development and Reform Commission (ICC-NDRC) signed a memorandum of understanding to…
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30Dec0 comments
Magnetic Oil acquires Kazakhstan assets from OMV Petrom
Magnetic Oil Ltd. has agreed to acquire OMV Petrom’s 100% interest in Kom-Munai LLP (KOM) and Tasbulat Oil Corp. LLP…
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29Dec0 comments
Petrorecôncavo acquires Remanso Cluster assets from Petrobras
Petrorecôncavo SA signed a contract to acquire Petróleo Brasileiro SA’s (Petrobras) entire stake in 12 onshore exploration and production fields—the…
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19Dec0 comments
OKEA to acquire operating interest in Vette discovery
OKEA ASA will become operator of the Vette oil discovery, effective Jan. 1, 2021, following an agreement to acquire the…
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19Dec0 comments
Earthstone adds Midland basin assets with Independence Resources acquisition
Earthstone Energy Inc. has agreed to acquire Warburg Pincus-backed Independence Resources Management LLC (IRM) for $185.9 million.
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19Dec0 comments
FAR takeover offer could impact Senegal sale
FAR Ltd., Melbourne, received a $210 million (Aus.) all-cash takeover proposal from private investment fund Remus Horizons PCC Ltd.
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18Dec0 comments
Equinor lets contract for newly funded Northern Lights project
Equinor has let two contracts worth 1.3 billion kroner in connection with the Northern Lights carbon capture and storage project.
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17Dec0 comments
Canadian Overseas to acquire Atomic for $54 million
Canadian Overseas Petroleum Ltd. (COPL) has agreed to acquire private company Atomic Oil & Gas LLC for $54 million in…
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17Dec0 comments
EIA: US crude inventories fall 3.1 million bbl
US crude oil inventories for the week ended Dec. 11, excluding the Strategic Petroleum Reserve, decreased by 3.1 million bbl…
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16Dec0 comments
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15Dec0 comments
Petrobras advances Marlim cluster sale, signs Rabo Branco deal
Petróleo Brasileiro SA (Petrobras) has started the non-binding phase of the sale of a 50% stake in the Marlim Cluster…
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15Dec0 comments
Australian Govt to decommission Northern Endeavour FPSO
The Australian government will decommission the Northern Endeavour floating production, storage and offtake vessel (FPSO) and its associated oil fields.
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15Dec0 comments
Phillips 66 sets $1.7 billion 2021 capital budget
With a $1.7 billion capital budget for 2021, Phillips 66 will prioritize completion of in-progress projects and advance investments in…
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12Dec0 comments
Rosneft completes KrasGeoNac farmout to Equinor
Rosneft completed a farmout of a 49% interest in KrasGeoNac LLC to Equinor for $550 million including a cash consideration…
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11Dec0 comments
Mubadala unit gains additional interest in Gulf of Thailand concession
MP G1 (Thailand) Ltd., a subsidiary of Mubadala Petroleum Ltd., has officially gained additional interest in the G1/48 concession in…