Oil firms Equinor and Rosneft expect to extract some 250 million barrels of oil and 23 billion cubic meters of gas during the first part of the development of the Severo-Komsomolskoye oilfield in Russia, Equinor said on Dec. 23.
Rosneft holds a 66.67% stake, and Equinor holds the remaining 33.33%, in the joint venture company SevKomNeftegaz that owns the license.
Equinor did not say how much it would invest in the project.
SandRidge Energy agreed to the sale of its North Park Basin asset in Colorado, which marks the Oklahoma City-based independent’s transformation into a pure-play Midcontinent E&P company.
Energy companies should ‘tread cautiously,’ Trump administration official says.
Chevron Corp. said late on Oct. 18 it is optimistic about maintaining a presence in Venezuela even amid U.S. sanctions on the country and state oil company PDVSA as part of Washington's effort to oust President Nicolas Maduro.