Devon Energy Corporation has agreed to acquire WPX Energy Inc in a US$2.56 billion all-stock deal, creating one of the largest independent US shale producers and answering investor calls for consolidation at a time of crisis for the sector. The transaction, which includes a…
Norwegian oil and gas giant Equinor and partners Petoro, Vår Energi, and ConocoPhillips have decided to develop the Breidablikk field in the North Sea. According to Equinor’s statement, on the 28th September the partnership would submit the plan for development and operation to the…
The Oil and Gas Authority (OGA) has for the first time expanded its benchmarking to the flaring and venting of greenhouse gases on the UK Continental Shelf (UKCS) – detailing flaring and venting activity levels in the North Sea and the resulting contribution to UK…
On the 24th September, Volkswagen together with the intermediation platform Uber, launched a pilot project for the utilisation of electric vehicles within the sustainable ride hailing service “Uber Green”. Within the framework of a virtual event, Uber hire car partners informed themselves about the…
Exploration drilling offshore the UK could rebound strongly in 2021, according to Westwood Global Energy Group. A webinar organised by the consultants, “How has the UK and Norway E&P sector reacted to the oil price crash – 6 months on?”, revealed that this year’s…
Iraq’s Prime Minister Mustafa Al-Kadhimi has ordered the formation of a committee tasked to build a nuclear reactor for research purposes, the Iraqi Radioactive Sources Regulatory Authority (IRSRA) has revealed. Speaking to the Iraqi News Agency, the head of the IRSRA, Hussein Latif, said…
Industry body Oil & Gas UK (OGUK) has revealed that it has initially welcomed the winter economy plans announced on the 24th September by the UK Chancellor of the Exchequer. “This announcement will be helpful to our sector and the thousands of people it…
Oil and gas company OKEA has signed a sales and purchase agreement (SPA) with Neptune Energy for the acquisition of a 30 per cent working interest in offshore licence PL938 near the Draugen field. OKEA said on the 25th September that the effective date…
Jadestone Energy has agreed with OMV to amend the long stop date for the Company’s acquisition of a 69% interest in the Maari Project, shallow water offshore New Zealand. The parties have made substantial progress towards satisfying the Acquisition’s closing conditions, including obtaining the…
With its new Unified Power Flow Controller, called UPFC PLUS, Siemens Energy is expanding the options for grid stabilisation. The UPFC PLUS will help system operators stabilise the grid by dynamically controlling the load flow in alternating-current grids. Easy to integrate into existing infrastructure,…
