Will ConocoPhillips Play Spoiler to Suncor’s $4B TotalEnergies Deal?

Will ConocoPhillips Play Spoiler to Suncor’s $4B TotalEnergies Deal?

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.

carbon capture and storage

Midstream, Investors Dive into the Business of CCS Tax Credits

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.

offshore oil and gas rig

TechnipFMC Awarded Subsea Production System Contract

TechnipFMC will supply Esso Exploration and Production Guyana with a subsea production system for use in the Uaru project.

An offshore jack up rig

Curtiss-Wright and Shell Announce Collaboration to Create Canned Pump

Companies intend to prove the new pump is more reliable than commonly used subsea pumps.

The Maersk Valiant drillship

TotalEnergies Eager to Dip into Suriname Oil Pool

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.

The Prosperity FPSO arriving to the Stabroek Block offshore Guyana.

Exxon, Hess Take $12.7 Billion FID for Uaru Development Offshore Guyana

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.

Bubbles, one with H2 in the center

Hydrogen Player Linde Eyes $50 Billion in Investment Opportunities

Anticipated opportunities for hydrogen include potential U.S. investments of about $30 billion, Linde’s CEO says.

Investment in merger

Occidental, NET Power Upsize Investments in Danny Rice-led Merger

Occidental and ET Power LLC has increased their investments in Rice Acquisition Corp. by $625 million.

Glenfarne Nears Texas LNG Export Decision

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.

Wing Resources nabbed $100MM in NGP backing

NGP Backs Permian Mineral, Royalty Firm with $100MM Investment

NGP is financially backing Wing Resources on a seventh partnership aimed at acquiring oil and gas minerals and royalties in the Permian Basin.