1. Evolution petroleum acquires Tokyo Gas Barnett shale assets
Houston based evolution petroleum said the company acquired about 21000 acres of Barnett shale assets in northern Texas from Tokyo Gas America Ltd., which was purchased at a price of $19.6 million in cash, which allowed the company to further diversify its asset base.
Evolution petroleum is an oil and gas company whose long-term goal is to establish a diversified portfolio of oil and gas assets through acquisition, while seeking opportunities to maintain and increase production through selective development, production improvement and other development measures.
2. Bonanza Creek, extraction announced a $2.6 billion merger to become Civitas resources
Bonanza Creek Energy and extract oil & gas will be consolidated in the form of equity full shares, with a trading value of about $2.6 billion. The combined companies will be called Civitas resources, Inc., which will become the largest pure energy producer in Denver julesburg basin, Colorado, the two companies said.
3. Clean energy will account for 50% of shell energy in the next decade
Ben van beurden, chief executive of Royal Dutch Shell, predicts that clean energy will account for half of the company’s energy mix “in the next decade.”.
Like other European oil giants, shell is determined to become a net zero emission energy company by the middle of this century. This includes producing less oil, more natural gas and renewable energy, and using hydrogen and carbon sequestration technologies that are still in their infancy.
4. Petrofac won contracts for BP projects in Mauritania and Senegal
Petrofac has signed a contract with BP to develop operating procedures for the greater torque ahmeyim (GTA) projects in Mauritania and Senegal. The program focuses on minimizing risks and injuries to personnel, plants and the environment and will cover all offshore operations, including subsea, FPSO and distribution centers.
The tortue / ahmeyim gas field is located offshore on the border between Mauritania and Senegal, with an estimated 15 trillion cubic feet of natural gas resources.
5. Quarterly profit after Chesapeake Energy announced its exit from bankruptcy
Chesapeake Energy Corp. reported on May 11 its first quarter profit of $295 million after it emerged from bankruptcy in February.
Chesapeake, once the second largest natural gas producer in the United States, filed for bankruptcy protection in June last year. Due to excessive spending on assets, sudden drop in oil prices and reduced demand caused by the pandemic, the company has more than $9 billion in debt.
6. Keppel gets $2.3 billion FPSO order
Petrobras, the Brazilian oil and gas giant, has signed a $2.3 billion contract with Keppel to be a salt area B in the Santos Basin ú The seventh set of P-78 unit is installed in zios oilfield.
According to Petrobras on Monday, the platform is of FPSO type and is a floating device for the production, storage and delivery of oil with a daily capacity of 180000 barrels of oil and 7.2 million cubic meters of natural gas. It is planned to be delivered by 2024. The contract is estimated at about $2.3 billion.
7. Schlumberger works with Nov to accelerate the adoption of automated drilling solutions
Schlumberger and Nov announced a partnership to accelerate the adoption of automated drilling solutions by oil and gas operators and drilling contractors. The agreement will enable customers to combine Schlumberger’s surface and downhole drilling automation solutions with Nov’s rig automation platform to provide superior well performance. This integrated product can realize the automation of manual workflow and improve the safety, decision-making, consistency and efficiency of drilling operation.
Post time: May-12-2021