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Shell to sell interest in Aera Energy to IKAV

Shell has agreed to sell its 100% interest in Shell Onshore Ventures LLC which holds a 51.8% membership interest in Aera Energy LLC to IKAV for a total consideration of approximately US$2 billion.

 

ExxonMobil announces second-quarter 2022 results

Exxon Mobil Corporation has announced estimated second-quarter 2022 earnings of US$17.9 billion, or US$4.21 per share assuming dilution. Second-quarter results included a favourable identified item of nearly US$300 million associated with the sale of the Barnett Shale Upstream assets.


More Digital oilfield news

Equinor release 2Q22 results

In the second quarter Equinor completed 9 exploration wells offshore and 3 wells were ongoing at quarter end. Equinor made 3 commercial discoveries in the quarter, all close to infrastructure on the NCS.

Hurricane Energy pays off US£78m debts

The repayment leaves the Company debt free, with significant cash on hand, further cash due from the imminent lifting from the FPSO, and ongoing cash generative production from the Lancaster field.

CGG authors win SEG award for best paper in 'The Leading Edge'

The paper describes how a combination of machine learning and rock physics helped leverage legacy seismic and well data for the characterisation of a carbonate geothermal reservoir located in the Dogger Formation northeast of Paris, France.