TotalEnergies, Partners Reach FID for Northern Lights CCS Phase 2
The second phase is expected to increase the project’s transport and storage capacity to more than 5 million tons of CO2 per year in 2028, TotalEnergies says.
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Refrac King BKV Sees More Runway in Barnett Shale
BKV says it has more than 15 years of refrac and new drilling inventory in the Barnett.
Baker Hughes Awarded Drilling Contract for Gas Storage Project in Dubai
The new contract adds to the work Baker Hughes Co. is already doing on Dubai Petroleum Establishment’s Margham Gas project.
BP Earns Approval to Redevelop Oil Fields in Northern Iraq
The agreement with Iraq’s government is for an initial phase that includes oil and gas production of more than 3 Bboe, BP stated.
Exclusive: Energy Trader Vitol Eyes $3 Billion Sale of US Shale Producer, Sources Say
By Shariq Khan and David French VTX is one of few private operators of scale left in the Permian Vitol working with Jefferies to find potential buyers Deliberations at an early stage, deal is not guaranteed -sources VTX produces 46,000 boepd across two Texas counties NEW YORK, March 27 (Reuters) – Global commodities trader Vitol …
Exclusive: Energy Trader Vitol Eyes $3 Billion Sale of US Shale Producer, Sources Say Read More »
US Oil Producers Face New Challenges as Top Oilfield Flags
By Shariq Khan and Georgina Mccartney Slowest Permian oil output growth forecast since pandemic Permian slowdown in contrast to Trump’s ‘drill, baby, drill’ mantra Gas and water output rises as the field ages, increasing costs Gas-to-oil ratio rises as gas output up eight-fold in past decade Water-to-oil ratio already high at Permian’s core, even higher …
US Oil Producers Face New Challenges as Top Oilfield Flags Read More »
Repsol, NEO Energy Agree to Merge North Sea Operations
MADRID, March 27 (Reuters) – Spanish oil company Repsol (REP.MC) and private equity-backed NEO Energy have agreed to merge their UK North Sea oil and gas businesses to create a joint venture with output of around 130,000 barrels of oil equivalent per day this year. The new company, called NEO NEXT, will be 45%-owned by …
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Trump Administration Tells Oil and Biofuels Groups to Hash Out New Biofuel Policy
By Jarrett Renshaw Trump administration asks Big Oil and Farm Belt to come to a consensus on biofuel policy Two meetings held so far, with consensus to seek higher biomass-based diesel volumes Other key issues still under discussion NEW YORK, March 27 (Reuters) – U.S. President Donald Trump’s administration has asked oil and biofuels producers …
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Energy Trader Vitol Eyes $3B Sale of US Shale Producer, Sources Say
Global commodities trader Vitol is exploring a sale of its VTX Energy Partners business, in a deal that could value the U.S. shale oil and gas producer at as much as $3 billion, including debt, people familiar with the matter said.
Plains All American President Pefanis to Retire
Current CEO Willie Chiang will take over as the next president of Plains All American Pipeline following co-founder Harry Pefanis’ retirement.