(WO) — QatarEnergy has entered into an agreement with Shell to acquire a 40% working interest in the C-10 block located offshore Mauritania. The C-10 block covers a total area of approximately 11,500 square kilometers and is located approximately 50 kilometers off the coast of Mauritania in water depths of approximately 50 to 2,000 meters....
(WO) — Ocean Installer, an international marine construction and operations contractor, has formalized an alliance with global energy technology company Baker Hughes to deliver a new, integrated subsea engineering solution – that provides efficiencies from project appraisal through to operations. L-R: Romain Chambault, Baker Hughes VP Globa...
(Bloomberg) – Russia has decided to keep its oil production at a reduced level through 2023 amid high volatility in the global market, said Deputy Prime Minister Alexander Novak. Russia had previously pledged to cut its crude-only output by 500,000 bpd in March in response to Western sanctions, including price caps on its oil and petroleum...
(Bloomberg) – OPEC+ announced a surprise oil production cut of more than 1MMbpd, abandoning previous assurances that it would hold supply steady and posing a new risk for the global economy. It’s a significant reduction for a market where — despite the recent price fluctuations — supply was looking tight for the latter part of the yea...
(Bloomberg) -- Ovintiv Inc. is nearing a deal to acquire oil and gas assets in the Midland Basin from private equity firm EnCap Investments, according to people with knowledge of the matter. An agreement could be announced as soon as Monday, said the people, who asked not to be identified because the talks are private. A final agreement hasn...