Upstream 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.
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.
IndianOil and Nepal Oil Corporation sign agreement for petroleum projects in Nepal
The MoU includes the extension of the Motihari – Amlekhgunj Petroleum Pipeline to Chitwan and the construction of new oil storage terminals and a transnational pipeline, says GlobalData.
ExxonMobil accelerates African energy investments and frontier exploration
ExxonMobil is progressing several energy initiatives on the African continent.
Hurricane Helene update: Gulf of Mexico's oil and gas operations recover
GlobalData: Gulf of Mexico's oil and gas operations recover as Hurricane Helene moves north.
MHI successfully delivers CO2 product compressor package for ExxonMobil’s Wyoming carbon capture project
MHI Compressor International Corporation successfully delivers CO2 product compressor package for ExxonMobil’s carbon capture project in Wyoming.
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).
Devon Energy acquires Grayson Mill's US assets for US$5 billion
The acquired assets are expected to sustain a production level of around 100 000 boe/d by 2025, says GlobalData.