UK subsea contractor Subsea 7 has bagged a subsea installation services contract from Chevron U.S.A for the St. Malo oil field in the US Gulf of Mexico as per the latest upstream oil and gas news. Chevron and its partners MP Gulf of Mexico (jointly owned by Murphy Oil and Petrobras America), Equinor Gulf of […]
Chevron and Total are set to go ahead with stage 1 development of the Anchor Oil Field Gulf of Mexico, offshore Louisiana, having taken a final investment decision (FID). The two oil and gas giants will invest nearly $5.7 billion for the phase 1 development of the US offshore oil field. Located approximately 225kms from […]
Chevron acquisition of Anadarko : California-based Chevron has agreed to acquire rival US oil and gas company Anadarko Petroleum in a stock-cum-cash deal worth $33 billion, as per the latest energy acquisition news. Chevron acquisition of Anadarko As per the terms of the deal, shareholders of the Texas-based Anadarko Petroleum will exchange their shares in […]
Oil and gas industry news : Delek Group has agreed to acquire a stake of 22.45% in the producing Caesar Tonga oil field in the US Gulf of Mexico from Royal Dutch Shell’s subsidiary Shell Offshore for $965 million in an all-cash deal. The transaction will mark the exit of Shell from the Caesar Tonga […]
Oil and gas industry news : BP and its partners have commenced production from the £4.5 billion worth Clair Ridge project located in Scottish territorial waters to exploit an estimated seven billion barrels of hydrocarbons. Clair Ridge project enters into production Clair Ridge project is the second phase development of the Clair oilfield, located 75km […]
Oil and gas industry news : Chevron and its partners have started production from the $4bn Big Foot project – a deepwater oil and gas project in the US Gulf of Mexico. The crude oil and natural gas production from the Big Foot field comes about 12 years after its discovery through the drilling of […]
Oil and gas news : China National Offshore Oil Corporation (CNOOC) and its partners have achieved production from the $6 billion worth Stampede oil and gas project, located in the deepwater US Gulf of Mexico. The Stampede oil and gas field is located about 185 kilometres south of Fourchon in Louisiana. The offshore field is […]
Oil and gas news : Chevron and Total have pulled off a major oil discovery in the Ballymore prospect in the US Gulf of Mexico following its drilling. The partners said that the Ballymore well had encountered 205 meters of net oil pay in a high quality Norphlet reservoir, after it was drilled by Pacific […]
Oil and gas industry news : Maersk Oil and its partners as part of the Danish Underground Consortium (DUC) are all set to invest around DKK 21 billion ($3.4 billion) for the Tyra redevelopment project in the Danish North Sea. The full redevelopment of the Tyra gas field would result in continued production from what […]