Asia Pacific

Investment , Energy Transition

Chevron Signs Deal to Explore Lower Carbon Opportunities in Indonesia

Chevron is looking at potential businesses in new geothermal technology, carbon offsets through nature-based solutions, carbon capture, utilization and storage (CCUS), Pertamina said.

May 13, 2022

Trends

Energy A&D Transactions from the Week of May 11, 2022

Here’s a snapshot of recent energy deals including the closing of PDC Energy’s $1.3 billion acquisition of private D-J Basin operator Great Western Petroleum plus the formation of a $1.1 billion renewable natural gas joint venture.

May 11, 2022

Crude Oil , International

Russia’s Rosneft Ramps Up Oil Sales to Indian Oil in May

Moscow-based oil company Rosneft increases its sales to Indian Oil Corp. in May, as Russian crude finds an increased presence in India since western sanctions on Russian oil began in February.

May 6, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of May 4, 2022

Here’s a snapshot of recent energy deals including HighPeak Energy’s acquisition of Hannathon Permian properties for about $373.4 million plus Chevron’s agreement to acquire a stake in Talos Energy’s proposed Texas carbon capture plant.

May 4, 2022

Energy Transition , Acquisitions & Divestitures

Shell Buys Renewables Firm Sprng Energy for $1.55 Billion

The acquisition of India-based renewable power platform Sprng Energy for $1.55 billion will triple Shell's current renewables capacity in operations.

May 3, 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

Shale Plays , Technology

Schlumberger Wins Fracking Contract for Onshore Indian Gas Field

Schlumberger will supply Oilex with hydraulic fracturing, nitrogen and perforation services as the company re-fracs the Cambay C-77H well in India.

April 19, 2022

Crude Oil , International

Russian Oil Supply Drop to Double in May, Says IEA

Originally predicted to occur in April, The IEA expects sanctions on Russian-imported oil to fully take effect in May due to coronavirus lockdowns in China.

April 13, 2022

Markets , Trade , International

Biden: Not in India’s Interest to Increase Russian Energy Imports

Biden told Indian Prime Minister Narendra Modi the U.S. stood ready to help India diversify its energy imports, White House press secretary Jen Psaki said, noting India’s imports from the U.S. are already much bigger than their Russian imports.

April 11, 2022

Field Development , Liquefied Natural Gas (LNG) , Midstream

Shell Resumes Shipping LNG from Prelude after Four-month Shutdown

The four-month shutdown was just the latest setback that Shell’s Prelude FLNG facility off northwest Australia has faced since its delayed start-up in 2019.

April 11, 2022