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 : BHP has approved $696 million funding for the Atlantis Phase 3 project, an offshore oil project in the US Gulf of Mexico to be developed with an investment of $1.3 billion. BHP holds a 44% stake in the Atlantis Phase 3 project, located about 130 miles off the coast […]
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 […]
Energy acquisition news : Northstar Offshore Ventures has purchased certain oil and gas assets located in the outer continental shelf of the Gulf of Mexico from PetroQuest Energy. Based in Texas, Northstar Offshore Ventures is a 100% owned subsidiary of Orinoco Natural Resources, a Virginia-based natural resources company. The assets acquired by Northstar Offshore Ventures […]
Energy acquisition news : US oil companies Talos Energy and Stone Energy have reached a deal to combine into an offshore-focused exploration and production company with an enterprise value of $2.5 billion. Texas-based Talos Energy will acquire Stone Energy which is based in Louisiana in what will be an all-stock transaction, as per the latest […]