Oil and gas industry news

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 […]

Aker Solutions has been awarded a contract extension from Aker BP for two years worth NOK1.7 billion ($175.65 million) to provide maintenance and modifications for the latter’s Ula, Skarv, Valhall, and Tambar fields offshore Norway. The Norwegian engineering company said that the work under the contract will begin from December 2020 and follows the existing […]

Johnson Matthey (JM) has won a methanol technology contract from Technoleasing for the new Amur Oblast facility to be built in Skovorodino, Russia. In this connection, the British specialty chemicals company will offer a license for its combined reforming methanol technology to the 3,000 metric tons per day (mtpd) methanol production plant. Johnson Matthey will […]

Danish CO2 storage project : Drilling rig operator Maersk Drilling will join INEOS Oil & Gas Denmark and Wintershall Dea in a new Danish offshore CO2 storage consortium. According to Maersk Drilling, the consortium will mature a well progressed carbon capture and storage project in Danish waters. It will aim to develop CO2 storage capacity […]