Africa

Exploration & Production , Legislation

US Ditches Trump-era Policies for Arctic Alaska Oil Reserve

The Bureau of Land Management (BLM) resurrected Obama-era management policies in the National Petroleum Reserve in Alaska, a 23-million-acre (9.3 million hectare) area on the western side of Alaska’s North Slope.

April 26, 2022

Business , Energy Transition , Technology

3t EnerMech JV Promotes Paul Attrill to Reinforce Global Growth

In the new strategic position, Paul Attrill will help to drive the growth of 3t EnerMech and support its global client base through an industry-recognized blended approach of traditional in-person training and digitalized workforce management solutions.

April 21, 2022

Field Development , Discoveries

Eni Boosts Production in Egypt with New Oil, Gas Discoveries

Eni also signed a deal earlier on April 13 to increase gas production in Egypt and boost LNG supplies to Europe as the continent tries to cut its reliance on Russian gas amid the war in Ukraine.

April 14, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of April 6, 2022

Here’s a snapshot of recent energy deals including the closing of EnCap’s sale of EP Energy Utah assets to KKR-backed Crescent Energy for $690 million.

April 6, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of March 30, 2022

Here’s a snapshot of recent energy deals including Targa’s $200 million bolt-on of Southcross and Project Canary’s recent acquisition, expanding the ESG leader’s services beyond oil and gas.

March 30, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of March 23, 2022

Here’s a snapshot of recent energy deals including Williams’ $950 million acquisition in the Haynesville Shale and a San Juan Basin transaction between Whiptail and DJR Energy.

March 23, 2022

Crude Oil , Trade , Tankers

Egypt’s Suez Canal Increases Tolls for Laden Crude Oil Tankers

The changes come “in line with the significant growth in global trade, the improvement of ships’ economics, the Suez Canal waterway development and the enhancement of the transit service.”

March 22, 2022

Field Development , Discoveries

Eni, Sonatrach to Fast-track New Algerian Oil and Gas Discovery

Eni and Sonatrach said that the reservoir in the Zemlet el Arbi concession in the Algerian desert, is estimated to hold about 140 million barrels of crude.

March 21, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of March 16, 2022

Here’s a snapshot of recent energy deals including the Petro-Hunt’s acquisition of Delaware Basin assets from Admiral Permian Resources.

March 16, 2022

Exploration & Production , Acquisitions & Divestitures , Mergers

BP, Eni Clinch Deal to Merge Oil and Gas Operations in Angola

The merger between Eni and BP will create a company called Azule Energy that is expected to be Angola’s largest producer with stakes in 16 licenses and in the Angola LNG joint venture.

March 11, 2022