U.S. energy major Exxon Mobil said it would acquire Pioneer Natural Resources in a deal valued at $59.5 billion to more than double the company's presence in the Permian Basin, the largest shale play in the U.S.. Once completed, it would be Exxon's biggest acquisition since its $81 billion deal for Mobil in 1998.Here are the major deals in the global oil and gas sector since the 2000s: 2001Chevron buys Texaco in a $39…
Kuwait has begun taking executive steps to merge two of its state-owned oil firms, news agency Kuna reported on Tuesday, as the OPEC producer seeks to restructure its energy industry.Kuwait National Petroleum Company (KNPC) plans to acquire Kuwait Integrated Petroleum Industries Company (KIPIC)…
The following article is an op-ed piece authored by Askhat Khassenov, Chairman of KazMunayGas (KMG), Kazakhstan’s national oil and gas company, who discusses how KMG is positioning itself as a strategic global energy player by forming key international partnerships…
U.S. oil production is expected to reach new heights in 2025, surpassing earlier projections, according to the U.S. Energy Information Administration’s (EIA) latest Short-Term Energy Outlook. The EIA now forecasts U.S. crude oil production will average 13…
Esgian provides an update on new jack-up contracts in the North Sea and Nigeria in its Week 33 Rig Analytics Market Roundup.Report SummaryContractsBorr Drilling 400-ft jackup Prospector 1 has secured a contract extension with ONE-Dyas for work offshore the UK and the Netherlands…
PTT Exploration and Production Public Company Limited (PTTEP) has developed a marine science data collection platform called the PTTEP Ocean Data Platform.The development marks Thailand’s first time using an offshore petroleum platform as a data collection station…
JX Nippon Oil & Gas Exploration and Chevron New Energies, a division of U.S.-based Chevron, have signed a memorandum of understanding (MoU) that provides a framework to evaluate the export of carbon dioxide (CO₂) from Japan to carbon capture…
Malaysian oil and gas company Hibiscus Petroleum has received UK regulator approval to acquire a stake in a UK North Sea license from Rapid Oil, as proposed in late August 2023.Hibiscus Petroleum's subsidiary Anasuria Hibiscus, and Ping Petroleum on August 30…
Oil and gas company Global Petroleum said Monday that the Namibian Ministry of Mines and Energy had given approval for the company and its partners to proceed to the First Renewal Period ('FRP') of Walvis Basin license PEL 94, with a duration of two years from September 2023 to September 2025…
Kuwait's overseas oil and gas division has launched a sale process for its Norwegian assets as part of its focus on newer exploration and production hubs, industry sources said. Kuwait Foreign Petroleum Exploration Company (Kufpec) hired Scotiabank to run the sale…
The Society of Petroleum Engineers (SPE) said Monday that Simon Seaton had been hired as Chief Executive Officer. 'In the CEO role, Seaton will work with the Board of Directors on the short- and long-term development and growth of SPE as the…
Torgeir Stordal has been appointed Director General of the Norwegian Petroleum Directorate (NPD). He has been filling the role since June of last year, and has now been appointed for a six-year term.Norwegian Minister of Petroleum and Energy…
Oilfield services firm TechnipFMC said earlier this week that it had appointed Robert G. Gwin, former President of Anadarko Petroleum Corporation, to its Board of Directors.Gwin was President of Anadarko Petroleum Corporation (“Anadarko”), one…
Vaar Energi's Balder X oil and gas project will cost $1.2 billion more than previously expected with petroleum output delayed by about nine months to the third quarter of 2024, the company said on Monday, sending its shares sharply lower.The changes reflect increased work scope…
Indian oil explorer and producer Oil and Natural Gas Corp said on Wednesday it signed a Heads of Agreement (HoA) with global petroleum giant ExxonMobil Corp for deepwater exploration in the country's East and West coasts.The two oil explorers…
Subscribe
