PetroNeft Resources to increase stake in Licence 67 in Russia to 90%
Irish oil and gas company PetroNeft Resources has signed a heads of terms agreement to acquire an additional 40% stake in Licence 67 in Russia for $2.9 million from Belgrave Naftogas (formerly Arawak Energy Russia). Licence 67 is a 2,447 km2 oil and gas block located in the Western Siberian Oil and Gas Basin in […]
Halliburton carries out electric grid-powered fracturing in Permian Basin
Halliburton revealed that it has successfully deployed an electric grid-powered fracturing operation for Cimarex Energy on several pads in the Permian Basin in the US. The US-based oilfield services company said that it had started the work in November 2020 and has so far finished nearly 340 stages across various wells using utility-powered electric frac […]
Heirs Holdings acquires 45% stake in onshore oil block OML 17 in Nigeria
Heirs Holdings in partnership with affiliated company Transnational Corporation of Nigeria (Transcorp), has acquired a 45% non-operating stake in OML 17, an onshore oil concession in Nigeria, along with associated assets. While Heirs Holdings is an Africa-focused investment company, Transnational Corporation is a publicly listed conglomerate in Nigeria, which is engaged in producing power among […]
New Fortress Energy to acquire Hygo Energy Transition and Golar LNG Partners for $5bn
US-based gas-to-power company New Fortress Energy (NFE) has agreed to acquire Bermuda-based natural gas storage provider Hygo Energy Transition and Golar LNG Partners (GMLP) for a total of $5 billion. Hygo Energy Transition is a 50-50 joint venture between Golar LNG (GLNG) and Stonepeak Infrastructure Fund II Cayman (G), a fund managed by Stonepeak Infrastructure […]
Reliance and BP begin production at R Cluster gas project in Krishna-Godavari Basin
Reliance Industries and BP have commenced production at the R Cluster ultra-deepwater field in the KG D6 block. Find out how this milestone fits into India’s energy goals.
Hilcorp Energy finalizes $5.6bn acquisition of BP’s Alaska business amid strategic transition in the North Slope oil sector
Hilcorp Energy finalizes its $5.6B acquisition of BP’s Alaska assets. Find out how this deal reshapes North Slope oil operations and the Trans-Alaska pipeline.
Aker BP and partners commit $140m to develop Gråsel oil field in Norwegian Sea
Aker BP greenlights a $140 million plan to develop the Gråsel oil field in 2021, aiming to boost Norwegian Sea output and extend Skarv FPSO operations.
OKEA to acquire Repsol Norge’s 40% operated interest in Vette oil discovery and PL 972
Find out how OKEA’s acquisition of Repsol’s Vette oil stake could unlock low-cost development potential across Norway’s sub-100 mmboe offshore fields.
Zephyr Energy starts drilling State 16-2 well in Paradox Basin, targeting Cane Creek formation
Zephyr Energy starts drilling the State 16-2 well in Utah's Paradox Basin—find out what makes this project a potential game-changer.
Northern Lights CCS project gets approval from Norwegian government
The Norwegian government has approved the Northern Lights CCS project, a CO2 transport and storage project being taken up by Equinor and its partners on the Norwegian Continental Shelf (NCS). The Northern Lights CO2 transport and storage project also secured funding commitment from the Norwegian government. Northern Lights will enable the transport of CO2 from […]