Here’s a snapshot of recent energy deals including a Bakken deal between Oasis Petroleum and Diamondback Energy plus the sale of Hunt Oil’s Permian Basin asset in a transaction believed to be worth over $1 billion.
Here’s a snapshot of recent energy deals including an acquisition by EOG Resources in Australia marking the Houston-based oil and gas producer’s entry into the country plus the closing of Equinor’s $900 million Bakken exit.
TechnipFMC has received a notice to proceed on April 26 for a significant subsea production system contract from Santos Ltd. for the Barossa project, located 300 km north of Darwin, Australia, at a water depth of approximately 130 m.
Houston-based EOG Resources agreed to pay $22.5 million, including contingent and production-linked payments, to acquire a stake in the giant Beehive oil prospect offshore Australia.
The company sees LNG demand growing 6% in 2021 and sees further strong growth among its key customers in Asia.
Exxon said the project enables the delivery of gas to southern and eastern Australian states, where a potential gas shortfall had been predicted as early as 2023.
Almost one-fifth of votes cast ahead of Woodside Petroleum’s annual meeting and 13% of votes of Santos were in favor of the resolution proposed by shareholder activist group pushing the company to get out of oil and gas.
Peter Coleman, who took the helm at Woodside Petroleum in May 2011 to steer it through two oil price crashes, had said he planned to retire in the second half of 2021.
Santos said the approval would also kickstart a $600 million investment to extend the life of the Darwin LNG plant by 20 years.