Independent Oil And Gas News

 

Australia: Woodside Shareholders to Benefit from $40B BHP Merger - KPMG

Apr 08, 2022

Australian gas producer Woodside Petroleum Ltd's agreed merger with BHP Group's petroleum arm is in the best interest of its shareholders, an independent expert said, valuing the combined group at around $40 billion.Global miner BHP agreed to…

Borders & Southern Petroleum Looking to Raise Cash for Working Capital, Darwin Discovery Work

Mar 04, 2022

Borders & Southern Petroleum, a company with oil and gas exploration assets offshore the Falkand Islands, is looking to raise $1.8 million via a placement of shares. It will use the proceeds for general working capital purposes and for work on its Darwin offshore discovery in the Falklands…

UK's Oil and Gas Authority to Start Search for New CEO

Feb 04, 2022

UK oil and gas industry regulator Oil and Gas Authority is set to start a search for a new CEO, as the current CEO Andy Samuel is expected to step down in December 2022.OGA said: 'As has been long agreed Andy Samuel will be stepping down as…

Competition Regulator OKs Woodside's Merger with BHP's Oil & Gas Business

Dec 16, 2021

Australia's competition regulator approved Woodside Petroleum's agreed $28 billion merger with BHP Group's petroleum arm on Thursday, saying it would not reduce competition in the domestic gas market.The Australian Competition and Consumer Commission…

Santos Takes Over Oil Search. Names CFO

Dec 13, 2021

Santos Ltd on Monday named a new chief financial officer in its first move since sealing its $6 billion takeover of Oil Search, who will play a key role in selling stakes in assets in Papua New Guinea and Alaska.Santos promoted Anthea McKinnell…

ConocoPhillips Sells Indonesia Assets in Asia-Pacific Revamp

Dec 09, 2021

U.S. oil and gas producer ConocoPhillips will quit Indonesia, selling its assets there for $1.355 billion to domestic energy company Medco Energi Internasional, and beef up in Australia as it continues to reshape.The deals follow ConocoPhillips move to double down on U…

Santos $6B Takeover of Oil Search Gets Tepid Backing from Independent Expert

Nov 11, 2021

Oil Search shareholders are set to vote on Dec. 7 on a merger with Santos Ltd after gaining approval from a Papua New Guinea court and a mixed endorsement from an independent expert.If it goes ahead, the A$8.8 billion ($6.5 billion) takeover…

Wood's Chair Franklin Joins Energean as Independent Director

Oct 13, 2021

Oil and gas company Energean, focused on the development of its Karish gas field offshore Israel, has appointed engineering firm Wood's Chair Roy Franklin OBE as an Independent Non-Executive Director.Franklin will join Energean's Nomination and Governance Committee and its Environment…

BHP Handing Smaller than Expected $3.9B Clean-up tab to Woodside in Oil Merger

Sep 14, 2021

BHP Group will transfer a smaller-than-expected $3.9 billion in oil and gas decommissioning liabilities to Woodside when it merges its petroleum business with the independent Australian gas producer.Woodside's shares jumped 6.5% after the figure was disclosed in BHP's annual report on Tuesday…

IOG Renames UK North Sea Project

Aug 26, 2021

UK-based oil company IOG, focused on developing its Southern North Sea gas fields, has renamed its Core Project and the associated Thames infrastructure.IOG, which changed its own name from Independent Oil & Gas to IOG in April, has said that the Core Project would now be named Saturn Banks Project…

Santos Sees Revenue Jump, Raises Output Forecast

Jul 22, 2021

Australia's Santos Ltd increased the lower end of its annual production outlook on Thursday and reported a 37% jump in second-quarter revenue, helped by higher prices and increased demand for natural gas.The country's second-largest independent…

Independent Oil and Gas Starts Drilling at Elgood

Apr 12, 2021

Independent Oil and Gas plc, the UK-based company working to develop its Phase 1 project in the Southern North Sea, has started drilling at the Elgood development well, 48/22c-H1.Elgood is the first of five planned development wells in IOG's…

Harbour Energy Admitted to LSE Trading as Premier Oil-Chrysaor Merger Complete

Apr 01, 2021

Harbour Energy, a new UK North Sea oil and gas major, has been admitted to trading on the London Stock Exchange’s following the completion of the all-share merger of Chrysaor and Premier Oil.'Harbour is a global independent oil and gas company…

Energean Takes Full Ownership of Energean Israel

Feb 26, 2021

London-listed oil and gas company Energean has become the full owner of Energean Israel Limited, a company working to develop the Karish and Tanin fields in the Mediterranian Sea, offshore Israel.As previously reported, Energean in December…

Independent Oil and Gas Names New COO

Feb 08, 2021

Independent Oil and Gas (IOG), and oil and gas company focused on the UK North Sea, has has appointed David Gibson as its new Chief Operating Officer.'David has extensive relevant North Sea engineering and project management experience over a near 30-year energy industry career…

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