South America
Helmerich & Payne to Acquire KCA Deutag for $2B
H&P expects the acquisition of KCA Deutag to expand its international footprint, particularly in the Middle East, and enhance its global onshore drilling role.
Pitts: Oh, What a Tangled Web the Supermajors Weave
Exxon and Chevron and Guyana and Venezuela—‘Let’s Make A Deal’ meets ‘Love, South American Style.’
Chevron to Divest 20% Interest Offshore Suriname to QatarEnergy
Chevron Corp. will divest a 20% interest to QatarEnergy in a production sharing contract related to Suriname offshore Block 5.
E&P Highlights: July 22, 2024
Here's a roundup of the latest E&P headlines, with LLOG acquiring 41 blocks in the Gulf of Mexico and Saipem securing $500 million in contracts from Saudi Aramco.
Exxon Surprises with Smaller FPSO for Guyana’s Hammerhead Project
Exxon Mobil Corp. announced plans for its seventh development offshore Guyana, Hammerhead, which will add 120,000 bbl/d to 180,000 bbl/d of production capacity starting in 2029.
Ecopetrol in Discussions with Oxy to Buy $3.6B Stake in CrownRock
Occidental Petroleum is in talks with joint venture partner Ecopetrol SA to acquire a 30% stake in CrownRock LP for approximately $3.6 billion, according to regulatory filings.
Vista CEO: Bidding for Exxon’s Vaca Muerta Assets ‘Very Competitive’
Vista Energy, one of the largest producers in Argentina’s Vaca Muerta shale field, aims to get bigger through Exxon Mobil assets reportedly being shopped for $1 billion.
OPEC+ Brings Oil Overproduction Under Heel—Rystad
After years of noncompliance and underreporting of actual crude production, many OPEC+ members are voluntarily reducing output beyond set goals, according to analysis by Rystad Energy.
US FTC to Delay Decision on Chevron-Hess Deal During Exxon Arbitration, Bloomberg Reports
The FTC plans to delay its decision whether to block Chevron's $53 billion takeover of Hess until after an arbitration case with Exxon Mobil is settled, Bloomberg News reported on July 11.
Over 1 Million in Texas Without Power, Freeport LNG Restart Pending After Beryl
The slow restoration of power continues hindering some companies' efforts to quickly return operations to normal, especially around Freeport, one of Texas' largest energy hubs.