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Centrica Enters into $8.5B LNG Purchase Agreement from Delfin Deepwater Port, Louisiana
August 10, 2022
Centrica and Delfin Midstream have signed a heads of agreement to purchase 1.0 million tonnes per annum (MTPA) of liquefied natural gas for 15-years on a free on board (FOB) basis at the Delfin Deepwater Port, located 40 nautical miles
Sembcorp Marine Delivers World’s First Eighth-Generation Drillship
August 1, 2022
Sembcorp Marine, together with its subsidiaries, has successfully completed the delivery of the world’s first eighth-generation drillship, the Deepwater Atlas, for Transocean’s subsidiary Triton Atlas GmBH. The completion of Deepwater Atlas marks a key milestone in Sembcorp Marine’s offshore construction
Shell USA Executes $1.9 Billion Merger Deal with Shell Midstream Partners
July 26, 2022
Shell USA, a fully-owned subsidiary of Shell, and U.S.-based midstream operator Shell Midstream Partners have signed a merger deal worth around $1.96 billion. As part of the deal, Shell USA will acquire all the limited partner interests in Shell Midstream
Putin Discusses Oil Market with Saudi Crown Prince Days After Biden’s Visit
July 22, 2022
Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman spoke by phone on Thursday and underlined the importance of further cooperation within the OPEC+ group of oil producers, the Kremlin said. The conversation took place six days after
Equinor Restarts Production at Peregrino Field, Offshore Brazil
July 20, 2022
Equinor resumed production in the Peregrino field in Brazil on July 16, aiming to ramp up production and reduce emissions intensity. Peregrino production was suspended in April 2020. Since then, Equinor has executed a major program of maintenance, upgrades, and
Varel Energy Solutions Acquires Sledgehammer Oil Tools
July 14, 2022
Varel Energy Solutions (VES) has acquired Sledgehammer Oil Tools, an international leader in the supply of oilfield casing, cementing and completion products. This transaction further strengthens VES’s robust portfolio of casing and cementing products, fueled by the legacy brand of
Chevron Taps Into LNG Boom with Cheniere Energy and Venture Global Deals
July 13, 2022
Chevron Corp. last week signaled its move into the booming U.S. liquefied natural gas (LNG) export market with two agreements designed to increase sales of its shale gas to global markets. Top U.S. gas producers have been striking deals with
Hempel Launches Hempafire XTR 100 for Hydrocarbon Passive Fire Protection of O&G Downstream Assets
June 29, 2022
After 10 years of continuous success in the passive fire protection (PFP) market with its cellulosic range of products, Hempel launched its first product for the hydrocarbon PFP segment, the Hempafire XTR 100. Providing UL 1709-certified hydrocarbon passive fire protection
Tullow Oil to Acquire Capricorn Energy in $827 Million All-share Deal
June 22, 2022
West Africa-focused Tullow Oil will acquire Capricorn Energy in an all-stock deal valued at 656.9 million pounds ($826.7 million), the London-listed energy groups said on Wednesday, as they focus on the reserve-rich African region. Investors in Capricorn, formerly known as
ExxonMobil Releases Statement Regarding President Biden’s Letter to Oil Industry
June 17, 2022
ExxonMobil released the following statement in response to a letter from President Biden. We have been in regular contact with the administration to update the President and his staff on how ExxonMobil has been investing more than any other company
