The Bureau of Land Management is teeing up another round of federal oil and gas leasing, with 66 parcels across Montana and North Dakota headed for auction in July as Washington continues pushing a noticeably more drill-friendly agenda.
Marius Koffi, Côte d’Ivoire operations lead for the Oilfield Engineering and Services Group (OESG), talks to The Energy Year about renewed interest in Côte d’Ivoire among global companies following high-profile offshore discoveries and growing the company into an integrated upstream services provider.
Japan’s ENEOS Holdings has agreed to acquire Chevron’s downstream fuels and lubricants marketing businesses in Singapore, Malaysia, the Philippines, Australia, Vietnam and Indonesia for USD 2.17 billion, Eneos announced on Thursday.
President Donald Trump said Chinese President Xi Jinping supports diplomatic efforts aimed at reopening the Strait of Hormuz as ongoing disruption to Middle East shipping continues to pressure global energy markets.
Global oil markets could remain physically tight for months even if a diplomatic resolution to the Iran war is reached soon, according to Kojo Orgle, oil, gas and NGL analyst at ICIS, who said prolonged disruptions tied to the Strait of Hormuz are increasingly pressuring inventories, shipping flows and refinery supply chains.
Norway’s state-owned energy giant Equinor has received clearance from the Norwegian authorities to conduct drilling activities on the Norwegian Continental Shelf (NCS) with a semi-submersible rig owned by Transocean, an offshore drilling contractor.
A bipartisan group of U.S. senators has introduced legislation aimed at preventing future presidential administrations from pausing or delaying liquefied natural gas (LNG) export approvals, drawing support from oil and gas industry organizations and energy workforce groups.
ABL Group has been appointed marine warranty surveyor (MWS) to support Subsea7 during transportation and installation activities tied to the Mero 3 and Mero 4 offshore Brazil developments in the Santos basin.
BP PLC has acquired a 40 percent stake in Uzbekistan’s North Ustyurt production sharing contract (PSC).
Enverus, a firm that provides analytics, reported on Wednesday that the amount of deals in the U.S. oil and gas sector upstream jumped to $38 billion during the first quarter this year. This was the highest quarterly figure in two years. Last week, Devon Shale Producers and Coterra, a smaller competitor to Devon, closed their merger after first announcing the plans in February. This deal, valued at $25 billion, took up the majority of Q1’s dealmaking.