Exxon Mobil Keeps Its Options Open in Guyana and Globally
Exxon Mobil Guyana Ltd.’s President Alistair Routledge said the company is seeking resources offshore Guyana that compete financially within its portfolio.
May 23, 2024
Chevron-Hess Deal: To Vote or Not to Vote, That is the Question
A Hess Corp. proxy vote related to the company’s proposed $53 billion all-stock merger with Chevron Corp. has divided shareholders ahead of a May 28 deadline.
May 21, 2024
3R, Enauta Merge to Create Large Brazilian Independent
3R Petroleum Óleo e Gás SA and Enauta Participações SA will combine into a new entity with production that exceeds 100,000 boe/d and compete head-to-head with Brazilian producer Prio, according to Wood Mackenzie.
May 21, 2024
ADNOC Buys 11.7% Stake in NextDecade’s Rio Grande LNG Project
The United Arab Emirates’ ADNOC will acquire a 11.7% equity stake in Phase 1 of NextDecade Corp.’s Rio Grande LNG (RGLNG) project from Global Infrastructure Partners (GIP), while also entering an offtake agreement for 1.9 mtpa from the Texas export facility.
May 20, 2024
Third Suriname Find for Petronas, Exxon Could Support 100,000 bbl/d FPSO
A recent find offshore Suriname in Block 52 by Petronas and Exxon Mobil could support a 100,000 bbl/d FPSO development, according to Wood Mackenzie.
May 17, 2024
Sector’s Appetite for Capital Remains Amid Consolidation Frenzy, Panelists Say
There’s still an appetite for capital in the oil and gas sector—companies just need to think creatively to find it, a number of panelists said during SUPER DUG in Fort Worth, Texas.
May 17, 2024
SUPER DUG: Shale 4.0 Era about Building Scale- Rystad
The Shale 3.0 era or capital discipline era will be followed by the Shale 4.0 era, which will see companies focused on building scale, according to Rystad Energy Senior Shale Analyst Matthew Bernstein.
May 16, 2024
BPX Looks to Ramp US Production Over 60% by 2030
BPX Energy is looking to boost its U.S. production over 60% by 2030 as it considers bringing online a fourth processing facility in the Permian by mid-year 2025, Clark Edwards, the company’s vice president of development, said during SUPER DUG in Fort Worth.
May 16, 2024
ConocoPhillips: Permian Basin a ‘Growth Engine’ for Lower 48
ConocoPhillips views the Permian Basin as a “growth engine” within its Lower 48 portfolio, the company’s Midland Basin Vice President Nick McKenna said during Hart Energy’s SUPER DUG event in Fort Worth.
May 15, 2024
ConocoPhillips Looks to Scale Portfolio, But Citgo Auction Not a Factor
ConocoPhillips has a long-term ambition to boost its LNG offtake capacity to between 10 mtpa to 15 mtpa as it keeps a short-term eye on the auction of Citgo Petroleum.
May 15, 2024