South America
Business , Exploration & Production , Acquisitions & Divestitures
Equinor, Total Exit Venezuela Onshore Oil Project
Prior to the sale, TotalEnergies held a 30.33% stake in Venezuela’s onshore Petrocedeno project while Equinor owned 9.67%. A unit of state oil firm PDVSA held the remaining 60%.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of July 28, 2021
Here’s a snapshot of recent energy deals including the acquisition of a “unique opportunity” in the Permian Basin by Lime Rock Resources in a $508.3 million deal plus Whiting Petroleum’s exit from the D-J Basin.
Discoveries
Exxon Mobil-led Group Logs New Oil Discovery Offshore Guyana
The discovery adds to the previous recoverable resource estimate of approximately 9 billion oil equivalent barrels.
Public Capital , Emissions , Energy Transition , Shale Plays
Hess Sets ‘Aggressive’ Emission Reduction Targets as ESG Performance Soars
Hess was recognized as the No. 1 energy company on the 100 Best Corporate Citizens list for its outstanding ESG transparency and performance this past year, the global independent oil and gas company said.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of July 21, 2021
Here’s a snapshot of recent energy deals including Kinder Morgan’s entry into the energy transition space through a $310 million acquisition.
Highlights , Shale Plays
Best of This Week’s Drilling Activity Highlights (July 16, 2021)
Eagle Ford Shale and Austin Chalk wells completed by EOG Resources at a single wellpad in Webb County, Texas, plus a Niobrara venture in the Powder River Basin announced by Devon Energy top this week’s oil and gas drilling activity highlights from around the world.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of July 14, 2021
Here’s a snapshot of recent energy deals including the combination of Eagle Ford producers Penn Virginia and Lonestar, the sale of Hawkwood Energy plus the merger of Plains’ Permian Basin assets with Oryx Midstream.
Field Development
Guyana Relaunches Search to Market Crude from Exxon’s Liza Project
An Exxon Mobil-led consortium has discovered more than 8 billion barrels of oil and gas off Guyana’s coast, transforming the poor country into the world’s newest energy hotspot.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of July 7, 2021
Here’s a snapshot of recent energy deals including a JV by Williams that consolidates three legacy upstream assets into one contiguous footprint in Wyoming’s Wamsutter Field.
Exploration & Production , International
Argentina Seeks Sanctions Against Oil Firms Drilling Near Disputed Falklands
The country’s energy secretary said it would seek sanctions against U.K.-based Chrysaor Holdings, Harbour Energy and Israeli firm Navitas Petroleum.