All articles by Swagath Bandhakavi
Swagath Bandhakavi
ExxonMobil exits Block 52 offshore Suriname, transfers stake to Petronas
Petronas is progressing with the evaluation of Fusaea-1, its third hydrocarbon discovery in the block, which was announced in May 2024
DT Midstream to buy three natural gas pipelines in US from ONEOK for $1.2bn
The deal includes Guardian Pipeline, Midwestern Gas Transmission, and Viking Gas Transmission, which offer a combined capacity exceeding 3.7Bcf/d
Aramco, SINOPEC, and FPCL break ground on Fujian Gulei Phase II project
Located in Zhangzhou City, Fujian Province, the downstream project entails an investment of CNY71.1bn ($9.82bn)
Empire Energy secures environmental approval for Carpentaria Pilot Project
The EMP allows the construction of up to four new well pads and the drilling, hydraulic fracturing, and completion of up to nine new wells
Ovintiv announces $2.4bn acquisition of Montney assets and $2bn Uinta Basin divestiture
Through the Montney acquisition, Ovintiv will add 70,000BOE/d in production, while the other deal will mark the company’s exit from the Uinta Basin
Shell, Equinor urge court to uphold Jackdaw, Rosebank project approvals
Environmental group Greenpeace is contesting the approvals in a bid to stop the North Sea developments
ADNOC Gas unveils plans to acquire ADNOC’s 60% stake in Ruwais LNG project
The acquisition, valued at around $5bn, forms part of ADNOC Gas’s plan to broaden its presence in the global LNG market
US government secures 200 million barrels for Strategic Petroleum Reserve
This purchase completes the US government’s efforts to rebuild the reserve after the emergency release of 180 million barrels in 2022, prompted by market disruptions from Russia’s invasion of Ukraine
TA’ZIZ awards $2bn in EPC contracts for Al Ruwais chemicals infrastructure
Production at TA’ZIZ is expected to begin in 2027, aiming for an output of 4.7 million tonnes of chemicals per annum by 2028
ADNOC awards $920m contract to Jereh Oil & Gas for well digitalisation expansion
The contract is designed to advance ADNOC’s well digitalisation programme by implementing remote sensing and well operation equipment in its onshore Bab, Bu Hasa, and Southeast fields