ConocoPhillips is “carefully” reviewing its first refusal rights in Surmont right of refusal to buy out partner TotalEnergies’ Surmont project as Suncor looks to buy TotalEnergies EP Canada for $4 billion.
Midstream companies are attempting to wrap new CCS business models around their existing organizations to take advantage of lucrative tax incentives created by the Inflation Reduction Act.
TechnipFMC will supply Esso Exploration and Production Guyana with a subsea production system for use in the Uaru project.
Companies intend to prove the new pump is more reliable than commonly used subsea pumps.
TotalEnergies CEO Patrick Pouyanné says the company has been eying a low oil-to-gas ratio in Suriname in order to have an efficient development.
Exxon Mobil, Hess and CNOOC made a $12.7 billion FID for the Uaru development in Guyana’s Stabroek Block, their fifth project offshore the small South American country.
Anticipated opportunities for hydrogen include potential U.S. investments of about $30 billion, Linde’s CEO says.
Occidental and ET Power LLC has increased their investments in Rice Acquisition Corp. by $625 million.
Glenfarne made the FID announcement after FERC issued an order on April 21 on air monitoring and emergency response communications that the company said Texas LNG will incorporate into its plan.
NGP is financially backing Wing Resources on a seventh partnership aimed at acquiring oil and gas minerals and royalties in the Permian Basin.