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Strike Energy to Acquire Talon Energy
August 14, 2023
Strike Energy Ltd. has entered into a binding scheme implementation deed with Talon Energy Ltd. to acquire all issued shares of Talon, according to an August 14 announcement by Strike. In addition, Talon will seek to demerge its Mongolian asset
Mexico Pacific Signs Long Term LNG Sales, Purchase Agreements with ConocoPhillips
August 8, 2023
Mexico Pacific and ConocoPhillips have signed sales and purchase agreements for ConocoPhillips to offtake approximately 2.2 million tonnes per year (MTPA) in aggregate of liquefied natural gas (LNG) across trains 1, 2 and 3 of Mexico Pacific’s anchor LNG export
LNG Japan to Acquire 10% Stake in Woodside’s Scarborough Gas Project for $500 Million, Australia
August 8, 2023
LNG JAPAN has agreed to take a 10 percent participating stake in the multi-billion dollar offshore Scarborough gas project in Australia from Woodside Energy Group for $500 million. From the effective date of the transaction, which has been set as
Chevron Completes Acquisition of PDC Energy
August 7, 2023
Chevron Corporation said its acquisition of PDC Energy, Inc. has been completed following approval by PDC Energy shareholders. “We’re pleased to welcome PDC Energy into Chevron,” said Bruce Niemeyer, Chevron’s president for Americas Exploration & Production. “Our companies have similar
UK Prime Minister Sunak to Grant Hundreds of New Oil and Gas Licenses in North Sea
August 2, 2023
British Prime Minister Rishi Sunak has confirmed that hundreds of new oil and gas licenses will be granted in the UK North Sea with an intent to boost the country’s energy independence and grow its economy. The UK government, in
Eni to Acquire Chevron’s Assets in Kutei Basin, Offshore Indonesia
July 31, 2023
Italian energy company Eni has agreed to acquire Chevron’s interests and operatorship in certain production blocks in the Kutei Basin, offshore East Kalimantan province, Indonesia. Under the agreement, Eni will acquire a 72 percent stake in Makassar Straits Block and
Eni and Vår Energi Agree to Acquire Neptune Energy for $4.9 Billion
July 26, 2023
Italian energy company Eni, together with Norwegian oil and gas company Vår Energi, has agreed to acquire UK-based offshore oil and gas company Neptune Energy for a total enterprise value of $4.9 billion. Established in 2015, Neptune is an independent
Happy Independence Day!
July 3, 2023
It’s Independence Day! In the midst of all the barbeques, firecrackers, and concerts, take a moment to honor the men and women who fought and fight for the freedom that we’re celebrating. And in the spirit of pride and unity,
Biden Admin Eyes $5 Billion Fossil Fuel Build-out in Puerto Rico
June 28, 2023
The Army Corps of Engineers plans to spend up to $5 billion on fossil fuel power plants and infrastructure repairs in Puerto Rico, a move the agency says will improve the territory’s troubled electric grid but that critics warn could
U.S. Set to Approve Record-high Volume of Export Capacity in First Half of 2023
June 27, 2023
Despite concerns about cost inflation, developers of LNG projects in the United States are set to approve a record-high volume of export capacity in the first half of 2023, driven by rising global LNG demand and increased long-term contracting from
