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Chevron and Exxon in Dispute Over Hess’ Stake in Guyana Oil Block
February 27, 2024
ExxonMobil said on Monday it may preempt Chevron’s acquisition of a 30 percent stake in a giant Guyana oil block, the centerpiece of its deal for Hess Corp. The companies are in talks on Exxon’s claim it has a right
JERA to Acquire Woodside’s 15.1% Stake in Scarborough Gas Field for $1.4 Billion, Australia
February 23, 2024
JERA Co. has entered into a sale and purchase agreement with Woodside Energy Group to acquire a 15.1 percent participating interest in the Scarborough gas field development project. The total consideration of the acquisition of the project is estimated to
Baker Hughes Achieves New Hydrogen Milestones to Accelerate Transition to Hydrogen Economy
February 21, 2024
Baker Hughes said it has reached several milestones to support the growth of the hydrogen economy, as part of the company’s broader strategy in new energy. The milestones were announced during the 24th Baker Hughes Annual Meeting held in Florence,
DNO Acquires Interest in UK’s Arran Field for $70 Million, Expands North Sea Portfolio
February 7, 2024
DNO ASA said the company’s wholly-owned subsidiary DNO Exploration UK Limited has entered into an agreement to acquire a 25 percent interest in the Arran field on the UK Continental Shelf from ONE-Dyas. The Arran field started production in 2021
Sempra and JBIC Enter MOU to Improve Global Energy Supply Chain
February 5, 2024
Sempra Infrastructure, a subsidiary of Sempra, has entered into a memorandum of understanding (MOU) with the Japan Bank for International Cooperation (JBIC) to cooperate on opportunities to advance the energy transition. Through this MOU, Sempra Infrastructure and JBIC aim to
UK’s Union Jack Oil to Expand Operations to U.S. Through New Partnership
January 31, 2024
Union Jack Oil said on Monday it will expand its operations to the U.S. through a partnership with Reach Oil & Gas Inc. The Bath-based UK-focused oil and gas company said the collaboration will focus on several “value accretive, exploration,
Calgary-based Total Energy Services to Acquire Saxon Energy Services Australia for $37 Million
January 19, 2024
Total Energy Services, through its wholly owned subsidiary Savanna Energy Services Australia, is set to acquire all the shares of Saxon Energy Services Australia for $37 million in cash. The Canadian energy services provider signed an agreement with Schlumberger (SLB),
Shell to Divest Nigerian Subsidiary SPDC to Renaissance for $1.3 Billion
January 19, 2024
British oil and gas company Shell has agreed to sell its Nigerian onshore subsidiary Shell Petroleum Development Company of Nigeria (SPDC) to Renaissance Africa Energy for $1.3 billion. Renaissance is a consortium of four Nigeria-based oil and gas companies, including
1PointFive and Trafigura Enter Direct Air Capture Carbon Removal Credit Agreement
January 17, 2024
Trafigura has agreed to purchase carbon dioxide removal (CDR) credits to be produced from 1PointFive’s first industrial-scale direct air capture (DAC) facility, STRATOS, which is currently under construction in Texas. This is Trafigura’s first transaction towards meeting its commitment as
EQT Joins the Oil & Gas Decarbonization Charter
January 10, 2024
EQT Corporation said it has joined the Oil and Gas Decarbonization Charter (OGDC) unveiled at COP28. This landmark charter is dedicated to speeding up climate action and achieving high-scale impact across the oil and gas sectors. “EQT is proud to
