Oil & gas news
Wood Mackenzie: Chevron moves closer to Canadian divestment target with US$6.5 billion asset sale to CNRL
CNRL moves into top 25 rankings of global oil and gas producers with purchase, comments Wood Mackenzie.
Chevron announces US$6.5 billion sale of its interests in the Athabasca Oil Sands Project and Duvernay shale
Chevron Canada Ltd has announced that it and a related entity have agreed to sell their interests in the Athabasca Oil Sands Project and the Duvernay shale to Canadian Natural Resources Ltd.
Mermaid wraps up first phase of North Sea decommissioning campaign for Shell UK
Mermaid Subsea Services UK has completed the first stage of a major North Sea decommissioning contract for Shell UK Ltd.
Eni completes combination of UK upstream operations with Ithaca Energy
Italian multinational energy company Eni has announced the completion of the combination of substantially all its upstream assets in the UK with Ithaca Energy.
Petrobras and Ecopetrol announce major gas finds in Colombia
Petrobras and Colombia's state-run oil and gas company, Ecopetrol, have reported two major gas discoveries in the country's offshore basins.
Rystad Energy's oil macro market update: 3 October 2024
Intensifying Middle East crisis pushes prices; high spare capacity keeps them in check for now – Rystad Energy's oil macro market update.
ExxonMobil accelerates African energy investments and frontier exploration
ExxonMobil is progressing several energy initiatives on the African continent.
PRIO to acquire 40% interest in Peregrino oil field in Brazil
Brazilian oil company Prio has agreed to acquire a 40% interest in the Peregrino and Pitangola Fields, jointly known as Peregrino, in the Campos Basin, offshore Brazil, for US$1.92 billion (10.43 billion reais).
SLB and ADNOC Drilling partner for unconventional oil and gas development
Agreement will accelerate the initial scope of 144 unconventional wells for delivery by 4Q25 with potential for significant number of additional wells in the second phase.
Australian Energy Producers: exploration exit a blow to Victoria’s energy security as gas supply dwindles
A global exploration company’s decision to cease its search for new gas supply in Victoria’s Otway Basin is a major blow to the state’s energy security and will compound looming gas shortfalls in eastern Australia, according to Australian Energy Producers.