Jennifer
Pallanich
Hart Energy
E&P Highlights: March 20, 2023
Here’s a roundup of the latest E&P headlines, including a Black Sea discovery and new contract awards in the upstream oil and gas industry.
Golar Closes Acquistion of New Fortress’ Interest in FLNG Hilli
Golar LNG closed its acquisition of New Fortress Energy’s interest in a floating LNG facility in Hilli, offshore Cameroon.
Equinor Raises Ownership Stake in Renewables Firm Scatec
Following the transaction, Equinor now owns about 25.7 million shares of shares of Scatec, raising its total shareholding to 16.2%.
Regulators OK $27 Billion Megamerger of Canadian Pacific, Kansas City Southern Railroad
Canadian Pacific Railway and Kansas City Southern’s new CPKC rail system creates the only crude-by-rail and refined products network spanning Canada to Mexico.
Principal Solar to Acquire Navarro Formation Wells, Pipeline
Principal Solar said it has executed a letter of intent to acquire controlling working interest and that a 2022 reserve report set the assets’ oil reserves value at approximately $116 million.
A&D Minute: International Deals Steal the Spotlight [WATCH]
Also in this week's A&D Minute: Equinor acquires Suncor's U.K. business for $850 million and Bayou Bend CCS project expands CO2 storage capacity in the Texas Gulf Coast.
CEO: Enbridge Building North American ‘Super System’ Through Investment, M&A
Calgary-based midstream giant Enbridge is investing billions to grow its oil and gas pipeline network and storage capacity, President and CEO Greg Ebel told Hart Energy.
Marketed: The Petroleum Synergy Group Non-Operated Leasehold Working Interests
The Petroleum Synergy Group Inc. retained Eagle River Energy Advisors LLC to divest certain non-operated leasehold working interests across America.
Petrobras Downplays Any ‘Government Intervention’ Rumors
Petrobras CEO Jean Paul Prates told reporters there was no need to worry about recent moves by the government to halt refinery divestments, which he said during CERAWeek by S&P Global were just attempts to verify commercial terms and conditions.
E&P Highlights: March 13, 2023
Here’s a roundup of the latest E&P headlines including first gas offshore Egypt and FEED updates in the upstream oil and gas industry.