Projects
US — Woodside Energy Group Ltd has successfully completed its acquisition of Tellurian Inc. and its Driftwood LNG development project in a deal valued at approximately $1.2 billion. The Australian energy giant acquired all issued and outstanding Tellurian common stock for $1.00 per share in an all-cash transaction totalling around…
Chevron divests $6.5b Canadian assets to Canadian Natural Resources
CANADA — Chevron Canada Limited, a subsidiary of Chevron Corporation, has announced a major divestment of its Canadian assets. The company has entered into a definitive agreement to sell its interests in the Athabasca Oil Sands Project and Duvernay shale to Canadian Natural Resources Limited for US$6.5 billion. The all-cash…
Strike Energy commences flow testing at Erregulla Deep-1 discovery well
AUSTRALIA — Strike Energy Limited (ASX: STX) has initiated flow testing at the Erregulla Deep-1 (ED1) discovery well in exploration permit EP469, marking a significant milestone for the West Erregulla gas field development. ED1, the deepest onshore well ever drilled in Australia, has already demonstrated promising results during the clean-up…
Major contract awarded for BP’s Kaskida Project in Gulf of Mexico
In a significant development for the offshore energy sector, BP has awarded an integrated engineering, procurement, construction, and installation (EPCI) contract for the Kaskida project in the US Gulf of Mexico, marking a crucial step forward in BP's ambitious plans for its sixth hub in the region. The Kaskida project,…
Wood secures FEED contract for major US natural gas pipeline project
US — Wood has been awarded the front-end engineering design (FEED) contract for the DeLa Express pipeline project, a significant development in US energy infrastructure. This long-haul, large-diameter pipeline is set to transport liquids-rich natural gas from the Permian Basin in West Texas to the U.S. Gulf Coast and international…
Hurricane Helene shuts down Who Dat oil platform in Gulf of Mexico
US — LLOG Exploration Company, the operator of the Who Dat oil and gas assets in the Gulf of Mexico, has taken precautionary measures in response to the approaching Hurricane Helene. The company has shut in the Who Dat wells and evacuated personnel from the platform as the storm intensifies…
TotalEnergies commences production at Fenix gas field offshore Argentina
ARGENTINA — TotalEnergies has announced the successful start of production at the Fenix gas field, situated 60 kilometres off the coast of Tierra del Fuego in Southern Argentina. This milestone marks a significant achievement for the energy company and its partners in the region. The Fenix field is part of…
MOL Group signs major gas development agreement in Azerbaijan
AZERBAIJAN — MOL Group, along with its joint venture partners, has signed significant commercial agreements for the development of gas reserves in Azerbaijan. The Hungarian oil and gas company is now the third-largest shareholder in the Azeri-Chirag-Deepwater Gunashli (ACG) field, following the State Oil Company of the Republic of Azerbaijan…