The acquisitions represent "another step forward" in evolving the company's portfolio for sustained growth, says ChampionX CEO and President Sivasankaran “Soma” Somasundaram.
Equinor will buy Spirit's stakes in the Statfjord area licenses for $50 million, plus contingent payments linked to British gas prices.
Here’s a snapshot of recent energy deals including the closing of Shell’s Permian Basin exit through a $9.5 billion deal with ConocoPhillips plus a Centennial Resource Development asset sale.
Mitsubishi is working with EY’s energy advisory group to market its 600,000-barrel Petro-Diamond terminal in Long Beach, California, and its corresponding fuel trading division, sources say.
The recent working interest divestitures and royalty acquisitions are expected to have a neutral effect on overall production during 2022, says PHX Minerals in a company release.
BP plans to grow its global network of EV charging points from around 11,000 today to more than 70,000.
Exxon Mobil and Materia have been collaborating since 2017 on the development of new hydrocarbon-based materials that are stronger, lighter and more durable than existing thermoset products such as epoxy.
NRG Energy plans to sell 4,850 MWs of assets from its East and West regions to Generation Bridge. Additionally, its board of directors authorized a $1 billion share buyback program.
The properties sold include approximately 6,200 net leasehold acres located on the southernmost portion of Permian Basin pure-play Centennial Resource Development’s Reeves County, Texas position.