Learn more about Hart Energy Conferences
Get our latest conference schedules, updates and insights straight to your inbox.
Houston-based Marathon Oil Co. subsidiary Marathon Petroleum Norge has acquired varied interests in five Norwegian North Sea licenses from Statoil, Norsk Hydro and TotalFinaElf. The additions include several undeveloped discoveries close to existing positions in the North Sea's Heimdal and Brae areas. Amerada Hess, New York City, plans to buy Premier Oil's 40% interest in the Ujung Pangkah Field and related production-sharing contract in East Java, In-donesia. Amerada currently has a 36% interest in Pangkah, and will assume op-eratorship. Equatorial Energy Inc., Calgary, will sell its Indonesian assets for US$24.5 million cash to an undisclosed company. Croft Exploration Ltd., owned by Bow Valley Petroleum Ltd., Calgary, and Roc Oil Ltd., will sell its 0.921% interest in the producing Claymore Field in the U.K. North Sea to the Talisman Group. Claymore contributed 130 bbl. oil per day, net to Bow Valley. British gas and oil producer BG Plc, London, plans to buy Enron Oil and Gas India Ltd. (EOGIL) from Enron for $388 million. EOGIL's assets are on the west coast of India and comprise a 30% interest in the Tapti gas field and the Panna Mukta oil and gas field, along with a 62.4% interest in the CB-OS/1 exploration license.
Recommended Reading
Midstream Operators See Strong NGL Performance in Q4
2024-02-20 - Export demand drives a record fourth quarter as companies including Enterprise Products Partners, MPLX and Williams look to expand in the NGL market.
NGL Water Solutions Begins Expansion of Lea County Express Pipeline System
2024-01-22 - The expansion of NGL Energy Partners LP’s Lea County Express Pipeline System by NGL Water Solutions, known as LEX II Expansion, will bring the system’s capacity to 340,000 bbl/d of produced water.
Targa Resources Forecasts Rising Profits on 2024 Exports
2024-02-20 - Midstream company Targa Resources reports a record fourth quarter in volumes and NGL fractionation.
Post $7.1B Crestwood Deal, Energy Transfer ‘Ready to Roll’ on M&A—CEO
2024-02-15 - Energy Transfer co-CEO Tom Long said the company is continuing to evaluate deal opportunities following the acquisitions of Lotus and Crestwood Equity Partners in 2023.
Williams Beats 2023 Expectations, Touts Natgas Infrastructure Additions
2024-02-14 - Williams to continue developing natural gas infrastructure in 2024 with growth capex expected to top $1.45 billion.