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US upstream news

ExxonMobil sells Nigeria shallow water business to Seplat Energy

The sale will include the Mobil Development Nigeria and Mobil Exploration Nigeria equity ownership of Mobil Producing Nigeria Unlimited, which holds a 40% stake in four oil mining licences, including more than 90 shallow water and onshore platforms and 300 producing wells.

 
 
 
 
 
 
 
 

Halliburton doubles quarterly profit

Halliburton has reported an adjusted net income of US$320 million in 4Q21, double that from a year earlier, prompting the oilfield services company to lift its dividend following a rebound in crude and natural gas prices.

 

Pantheon Resources spuds Theta West well in Alaska

The Theta West #1 well on Alaska's North Slope is targeting two primary targets which combined are estimated by the company to contain 12.1 billion barrels of oil in place with an estimated 1.4 billion barrels of recoverable resource.