This is your Hart Energy Live A&D Minute, powered by the SUPERDug Conference and Exhibition May 22nd through the 24th in Fort Worth.
Spanish energy company Repsol sold a 25% stake in its global upstream business to EIG Global Energy Partners for $4.8 billion. Repsol Upstream’s assets total more than 600,000 boe/d of production in 15 countries, including the U.S. Repsol and EIG say they plan to list the company in the U.S. in 2026.
Expanding its footprint in the North Sea, Norway’s Equinor is acquiring Suncor Energy’s U.K. business for $850 million, which adds to Equinor's production and aids Suncor in reducing net debt and meeting shareholder return targets. Are there more international deals on the way?
Bayou Bend CCS is expanding the CO2 storage capacity for the Texas Gulf Coast project in a big way. The joint venture between Chevron, Talos Energy and Carbonvert purchased over 100,000 new onshore acres east of Houston. The expanded Bayou Bend project now has around 140,000 acres of pore space to permanently store 1 billion metric tons of CO2. Is the Gulf Coast the new hub for low-carbon projects?
That's your Hart Energy Live A&D Minute, powered by DUG Haynesville Conference March 28th and 29th in Shreveport. Watch new A&D Minute episodes every Wednesday and sign up for our A&D Watch newsletter at hartenergy.com/deals.
Recommended Reading
Strike Energy Updates 3D Seismic Acquisition in Perth Basin
2024-04-19 - Strike Energy completed its 3D seismic acquisition of Ocean Hill on schedule and under budget, the company said.
Santos’ Pikka Phase 1 in Alaska to Deliver First Oil by 2026
2024-04-18 - Australia's Santos expects first oil to flow from the 80,000 bbl/d Pikka Phase 1 project in Alaska by 2026, diversifying Santos' portfolio and reducing geographic concentration risk.
Iraq to Seek Bids for Oil, Gas Contracts April 27
2024-04-18 - Iraq will auction 30 new oil and gas projects in two licensing rounds distributed across the country.
Vår Energi Hits Oil with Ringhorne North
2024-04-17 - Vår Energi’s North Sea discovery de-risks drilling prospects in the area and could be tied back to Balder area infrastructure.
Tethys Oil Releases March Production Results
2024-04-17 - Tethys Oil said the official selling price of its Oman Export Blend oil was $78.75/bbl.