All articles by Swagath Bandhakavi
Swagath Bandhakavi
Trump directs resumption of US LNG export permit processing
The executive order by Trump overturns a 2024 pause on new permits imposed by former President Joe Biden
US FTC approves consent order in Chevron-Hess $53bn merger
The ruling addresses regulatory concerns over the merger while imposing limits on Hess CEO John Hess’s involvement in the merged company
BP to make nearly 5,000 employees redundant in global restructuring plan
The redundancies come after a thorough review of BP’s divisions, aimed at enhancing efficiency and tackling challenges tied to its energy transition strategy
Amplify Energy to merge with Juniper Capital’s portfolio companies
The merger will add approximately 19mmboe in proved developed reserves, with a PV10 valuation exceeding $330m, to Amplify Energy
CNOOC and Shell to expand Daya Bay petrochemical complex in China
The Phase III expansion is projected to boost CSPC’s total ethylene production capacity to 3.8 million tonnes per year once completed
Petronas subsidiary takes FID on Hidayah field development in Indonesia
The $926m development plan for the Hidayah field involves drilling production wells, which will be supported by an unmanned integrated wellhead and a central processing platform
Shell begins production at Whale development in US Gulf of Mexico
The Whale field is expected to achieve a peak production of 100,000boe/d, with recoverable resources estimated at 480 million barrels of oil equivalent
CB&I secures cryogenic tanks contract for Ruwais LNG project
The company won the subcontract valued between $250m and $500m from the TJN Ruwais joint venture led by Technip Energies
Kimbell Royalty Partners to expand Midland Basin holdings with $231m deal
The assets involved in the deal are projected to produce 1,842boe/d, including 1,125bbl/d, 410 barrels of NGLs, and 1,842Mcf/d of natural gas
Phillips 66 to acquire EPIC NGL assets in Permian Basin for $2.2bn
The EPIC NGL portfolio features an integrated network with nearly 1,770km of pipelines, two fractionation facilities, and a distribution system