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E&P Highlights: July 10, 2024
Here’s a roundup of the latest E&P headlines including TotalEnergies exiting South Africa to focus on opportunities in Namibia.
Freeport LNG Readying Operation Restart After Hurricane Beryl, Sources Say
The facility is not expected to resume shipments of LNG until the port of Freeport, which is operating under vessel transit restrictions, fully reopens.
BPX Expands Its US Shale Game
BPX CEO Kyle Koontz delves into development plans in the Permian, Eagle Ford and Haynesville.
Offshore Guyana: ‘The Place to Spend Money’
Exxon Mobil, Hess and CNOOC are prepared to pump as much as $105 billion into the vast potential of the Stabroek Block.
CEO: Devon Eyes 3-Mile Williston Wells With $5B Grayson Mill Deal
Devon Energy is digging deeper in the Williston Basin of North Dakota through a $5 billion deal with EnCap-backed Grayson Mill Energy.
Devon Energy Expands Williston Footprint With $5B Grayson Mill Deal
Oklahoma City-based Devon Energy is growing its Williston Basin footprint with a $5 billion cash-and-stock acquisition from Grayson Mill Energy, an EnCap portfolio company.
Mexico’s Nearshoring Attracts $36B in Investment as US Energy Benefits
Mexico saw the highest level of foreign investment in 18 years as companies were attracted to low wage workers, but U.S. energy producers, among others, continue to fuel power for the country’s new factories and projects.
Nuclear in a Box: Mobile Nuclear Reactors May Answer Permian’s Power Ask
A top Permian producer has signed up for a small-footprint nuclear plant. A top pressure-pumper has invested in the developer. Industry members say interest in Permian nuclear is hot.
Kosmos Energy Reports First Oil Production at GoM’s Winterfell
Winterfell, operated by Beacon Offshore Energy, will produce high margin barres with a quick payback, Kosmos CEO Andrew G. Inglis said.
Wood Awarded Concept Study for Greater Sunrise Development
Wood said the study is on target for completion by fourth quarter 2024.: Wood said the study is on target for completion by fourth quarter 2024.