Here’s a quicklist of oil and gas assets on the market including Arkoma Drilling’s portfolio of Haynesville assets in North Louisiana plus the Gungnir Resources prospect in the northern D-J Basin in Wyoming.
Here’s a roundup of the latest E&P headlines including a new Algerian project going onstream, a commercial gas find offshore Israel and regulatory updates from Australia, the U.S. and Norway from the past week in the upstream oil and gas industry.
Four companies agreed to “evaluate the commercial feasibility of utilizing North Slope natural gas delivered to Southcentral Alaska via the Alaska LNG Project to produce carbon-free ammonia,” Alaska Gasline Development Corp. said.
The sale is among the concessions to the oil and gas sector included in U.S. President Joe Biden's new climate change law, the Inflation Reduction Act (IRA).
A sale of Chevron’s Alaska oil and gas assets could fetch between $450 million and $550 million, according to a Rystad Energy analyst using comparable transactions.
Equinor's Castberg FPSO, located in the Arctic Johan Castberg oilfield, is expected to onstream in fourth-quarter 2024.
The release of the proposal by the Biden administration is only the second part of a three-step process to finalize “whether or how many” lease sales will be held in the five-year plan.
Europe’s only large-scale LNG plant, at Melkoeya island just outside the Arctic town of Hammerfest, can process 18 million cubic meters of gas per day when fully operational.
In its document, the attorney general also highlighted Norway’s role as a stable and predictable energy supplier to Europe in the wake of the Ukraine war and “Russia’s instrumentalization of energy.”
Although Santos has been locked in a battle with ConocoPhillips over access to an Alaskan road for its Pikka oil project, Santos said the dispute would not slow down the company's work on the project.