Upstream M&A in Southeast Asia: will the oil and gas majors divest in 2023?
Will 2023 see the majors, including ExxonMobil, Chevron, Shell, BP, ConocoPhillips, TotalEnergies, and Eni, divest upstream oil and gas assets in Southeast Asia?
Will 2023 see the majors, including ExxonMobil, Chevron, Shell, BP, ConocoPhillips, TotalEnergies, and Eni, divest upstream oil and gas assets in Southeast Asia?
Petronas and its Petroleum Arrangement Contractors (PACs) recorded a total of 10 hydrocarbon discoveries in Malaysia in 2022, following the increase of exploration activities in the country.
QatarEnergy (QE) has struck a deal to supply LNG to ConocoPhillips, for delivery to Germany into the 2030s.
Sempra Infrastructure and ConocoPhillips have struck a 5 million tonne per year LNG supply contract, from the planned Port Arthur project in Texas.
TotalEnergies and ConocoPhillips have bought out Hess from Libyaโs Waha concession, completing a deal that has taken around a year.
An investigation has been launched after a worker suffered โserious personal injuryโ on an offshore drilling rig.
ConocoPhillips (NYSE:COP) matched the record performance amongst its energy major peers, announcing $7.4billion in quarterly profits, a near-doubling of its buyback programme and boosted dividends to shareholders.
QatarEnergy (QE) has chosen ConocoPhillips to be its third partner on the North Field South (NFS) LNG development.
Operator ConocoPhillips (NYSE: COP) Skandinavia has concluded the spudding of a wildcat well in the Norwegian North Sea.
Japanโs JERA and Germanyโs Uniper have teamed up to back an ammonia project in the US Gulf Coast, with a focus on exports to Germany. In the near term, it should also secure new LNG supplies.
As of 24 August, Westwood Global Energy reports that there are five exploration wells active, four in the Northern North Sea and one in the Norwegian Sea. Since the previous report, two exploration well programmes have completed, with one of the wells successful.
As of 25 July, Westwood Global Energy reports that there are five exploration wells active, three in the Northern North Sea and two in the Norwegian Sea.
ConocoPhillips (NYSE: COP) has received approval from UK and Norwegian authorities for a ยฃ1 billion cross-border field in the North Sea.
As of 23 June, Westwood Global Energy reports that there are four exploration wells active, two in the Northern North Sea and two in the Norwegian Sea. Since the last report, five exploration well programs have completed, with three of the wells being successful. The Slagugle appraisal well was P&A in April, with no results released until May when it was reported as a dry well.
Development of the 5.1 trillion cubic feet Greater Sunrise gas and condensate field is back on the agenda for Woodside Energy (ASX:WDS), but the odds of progress look as difficult as ever, reported EnergyQuest. Significantly, all stakeholders in Sunrise should be talking about plate tectonics rather than economics, suggested the consultancy in its latest report.
Equinor is studying the potential for a new 1GW wind farm to power a series of oilfields in the North Sea.
Indonesiaโs Medco Energi (IDX:MEDC) is on the lookout for more merger and acquisition (M&A) opportunities in Southeast Asia after successfully buying ConocoPhillips Indonesian assets in a $1.355 billion deal struck last year.
As of 30 May, Westwood Global Energy reports that there are five exploration wells active, two in the North Sea, two in the Norwegian Sea, and one in the Barents Sea.
Fitch Ratings has removed Medco Energi from rating watch, as the oil and gas company has completed the acquisition of the giant Corridor Block from ConocoPhillips, and the outlook is positive. Its long-term issuer default rating is now at B+.
ConocoPhillips and its partners are targeting 90 million barrels of oil from a new North Sea development.
Pantheon Resources has a multi-billion barrel resource in the occasionally iced over state of Alaska, the company reckons. It will put the theory to the test this summer.
As of 26 April, Westwood Global Energy reports that there is one appraisal well and four exploration wells active.
Petronas and Sabah Oil & Gas Development Corporation (SOGDC) have signed a key memorandum of understanding (MoU) that will see the Malaysian national energy company build Sabahโs first and largest near-shore floating liquefied natural gas (LNG) facility estimated to cost MYR8.8 billion ($2.02 billion).
ConocoPhillips has been granted licence extensions to one of its major North Sea oil hubs โ which could see its production life reach nearly 80 years.
An outfit of North Sea experts is seeking to sell off discoveries which it says ConocoPhillips should โnever have relinquishedโ.