Upstream news

Pytheas Energy has announced the addition of three producing oil and gas properties to its growing portfolio, the Andrews Crane Asset, the Bakken Asset, and the Minerva-Rockdale Asset.

ONGC and Indian Oil Corporation has signed a memorandum of understanding (MoU) to establish a small-scale liquefied natural gas (LNG) plant near the Hatta Gas Field in the Vindhyan Basin.

PETRONAS, through Malaysia Petroleum Management (MPM) has awarded a late life asset production sharing contract (LLA PSC) for Banang field, located offshore Peninsular Malaysia to Petra Energy Development Sdn. Bhd. (PEDSB), a wholly owned subsidiary of Petra Energy Berhad.

Matador Resources has announced that a wholly-owned subsidiary of Matador has entered into a definitive agreement to acquire a subsidiary of Ameredev II Parent, including certain oil and natural gas producing properties and undeveloped acreage located in Lea County, New Mexico and Loving and Winkler Counties, Texas.

Triangle Energy Global has advised that preparatory works by the L7 Joint Venture with Strike Energy and New Zealand Oil and Gas to drill the Booth-1 well in the North Perth Basin are nearing completion and all regulatory approvals have been received.

Transocean has announced US$161 Million in contract extensions and exercised options for harsh environment semisubmersibles with Woodside Energy, Wintershell DEA and Equinor.

Amarinth has announced an order for the FPSO Agogo, currently under construction by Yinson Production and destined for offshore Angola.

BW Energy has concluded the drilling and the logging of the DHIBM-7P pilot well, confirming a substantial oil discovery with good reservoir quality and a material uplift to the Hibiscus area.

Twinza Oil have announced that they have obtained all internal approvals and executed a series of binding agreements for MRDC to take an up to 50% participating interest in the Pasca A Development Project and for the companies to cooperate in the acquisition and development of other oil and gas assets in Papua New Guinea.

ConocoPhillips and Marathon Oil Corporation has announced that they have entered into a definitive agreement pursuant to which ConocoPhillips will acquire Marathon Oil in an all-stock transaction with an enterprise value of US$22.5 billion, inclusive of US$5.4 billion of net debt.