oilandgasnews365 reporter

ConocoPhillips acquisition of Concho Resources : US oil and gas giant ConocoPhillips has agreed to acquire Concho Resources, an unconventional shale producer in the Permian Basin, in an all-stock deal worth $9.7 billion. The deal is set to combine a couple of high-quality industry leaders to create a company with an enterprise value of nearly […]

Lundin Energy said that its fully-owned subsidiary – Lundin Energy Norway has signed a deal worth $125 million with Idemitsu Petroleum Norge (IPN) to acquire stakes in a portfolio of licences in the Barents Sea. The deal includes a working interest of 10% in the Wisting oil discovery and an additional working interest of 15% […]

TechnipFMC has been bagged a contract from ExxonMobil’s subsidiary Esso Exploration and Production Guyana for delivering the subsea system for the $9bn Payara field development project. The value of the contract is in the range of $500 million and $1 billion. Under the contract, TechnipFMC will be engaged in the manufacturing and supply of the […]

Devon Energy, an Oklahoma-based onshore oil and gas producer, is in discussions to acquire WPX Energy in an all-stock deal to create a company worth about $6 billion, reported Reuters citing people familiar with the matter. Reuters reported that the transaction values WPX Energy at a small premium compared to its current share price of […]

The New South Wales (NSW) government in Australia has approved the AUD 15 million Western Sydney Green Gas Project (WSGG project) proposed by Jemena, which is set to serve as the largest hydrogen demonstration project in Australia. Jemena said that the Western Sydney Green Gas Project will make use of solar and wind power to […]

Neptune Energy said that the Dugong oil discovery in the Norwegian North Sea announced last month is of commercial significance with estimated reserves of  6.3-19.0 million standard cubic meters (MSm3) of recoverable oil equivalent, or 40-120 million barrels of oil equivalent (boe). The company, which is the operator of the Dugong licence in PL882 with […]

TC Energy said that it will move ahead with the $400 million Elwood Power/ANR Horsepower Replacement Project pertaining to the company’s ANR Pipeline System, a natural gas pipeline network in the US. The project will involve the replacement, upgrade, and modernizations of certain facilities along a highly used portion of the ANR Pipeline System. Under […]

French oil and gas giant Total said its subsidiary Total Gabon has agreed to offload its interests in seven mature non-operated offshore fields and also interests and operatorship in the Cap Lopez oil terminal in Gabon to Perenco for a consideration ranging between $290 million and $350 million. The final price for the sale will […]

Equinor and its partners have made a gas and condensate discovery near the Kvitebjørn field in production licence 878 (PL 878) in the Norwegian North Sea through the drilling of the exploration well 30/2-5 S Atlantis. The new gas and condensate discovery has been made 17 south of the Kvitebjørn field and 10 kilometres north […]

Bashrush gas discovery : Eni, BP, and Total have made a new gas discovery in the Mediterranean Sea off the Egyptian coast following the drilling of the first wildcat well targeting the Bashrush prospect in the North El Hammad license. The new gas discovery in the Nile Delta is located in 22 meters of water […]