US upstream news

US gas company Chesapeake Energy's acquisition of Southwestern Energy is now expected to close early in 4Q24, Reuters cited the company’s CEO Nick Dell'Osso as saying.

The storm developed into a full-blown hurricane at the end of last week, with Francine being the sixth named weather event this year.

Hurricane Francine made landfall last Wednesday on the Louisiana coast, taking some energy infrastructure offline along the US Gulf Coast from Louisiana through Alabama.

The transaction comprises US$461 million in cash and around 10.1 million OpCo units, with the equity portion valued at roughly US$456 million.

Diamondback Energy has completed the merger with Endeavor Energy Resources, creating a leading operator focused on the Permian Basin.

Transocean Ltd. has announced a 365 day contract for the Deepwater Atlas with bp in the US Gulf of Mexico.

Chevron has announced the relocation of the company’s headquarters from San Ramon, California, to Houston, Texas, and senior leadership changes.

Diamond Offshore Drilling hasannounced that it has entered into a contract with BOE Exploration & Production LLC for the Ocean BlackRhino for work in the U.S. Gulf of Mexico.

Zephyr Energy has announced the commencement of the well production test on the State 36-2R LNW-CC well at the Company's flagship project in the Paradox Basin, Utah.

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.