Santos, Oil Search Agree to Merge Despite Scrutiny
Santos said the merger with Oil Search would better align stakeholdings in PNG’s biggest gas projects—PNG LNG and Papua LNG—that would further support investment and deliver new jobs.
Best of This Week’s Drilling Activity Highlights (Sept. 10, 2021)
Marcellus Shale completions in Pennsylvania by Chesapeake Energy in Bradford County and Southwestern Energy in Wyoming County plus a gas discovery offshore Malaysia top this week’s oil and gas drilling activity highlights from around the world.
Energy A&D Transactions from the Week of Sept. 8, 2021
Here’s a snapshot of recent energy deals including Enbridge’s $3 billion purchase of the largest crude export terminal in North America located along the Texas Gulf Coast.
Energy A&D Transactions from the Week of Sept. 1, 2021
Here’s a snapshot of recent energy deals including the closing of Hess’ Denmark asset sale, a $150 million Permian Basin JV and another multimillion-dollar deal by Enerplus in the Williston Basin.
Energy A&D Transactions from the Week of Aug.25, 2021
Here’s a snapshot of recent energy deals including the sale of Basic Energy Services’ California business to Berry in a bankruptcy auction plus Diversified Energy’s continued Haynesville expansion with a $154 million deal.
BHP Agrees to Sell Oil Business in $13 Billion All-stock Deal
The merger of BHP Group’s oil and gas arm with Woodside Petroleum is expected to create a global top 10 independent energy company worth about $28 billion.
BHP Confirms Potential Sale of Oil Business to Woodside Petroleum
The sale of BHP’s oil and gas assets to Australia’s Woodside Petroleum would create a new international “super independent,” says Wood Mackenzie research director Andrew Harwood.
BP Sees Potential for Green Hydrogen, Ammonia Plant in Australia
Australia—the world's second largest exporter of LNG—wants to develop green hydrogen in a global push to cut carbon emissions.
Woodside Shares Fall on Speculation It Is Eyeing BHP’s Oil and Gas Assets
BHP and Woodside Petroleum declined to comment on what both companies called “market speculation.”
Oil Search Rebuffs $6.5 Billion Takeover Bid from Santos
A takeover of Oil Search would give Santos a bigger stake in the Exxon Mobil-led LNG project in Papua New Guinea plus operatorship of the Pikka oil project in Alaska.