Month: March 2022

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National Fuel Gas is planning a tax-free spin-off of its Appalachian upstream and gathering business, with about 1.1 Bcf/d of production, by the second half of 2027.

Kistos has acquired a 10% interest in Ringhorne licenses PL 169E, PL 956 and PL 956B from Vår Energi for $12.9 million, adding 4.3 MMboe in Norway’s Balder Area.

Equinor and partners Petoro and TotalEnergies have found an estimated 19 to 50 MMboe of recoverable oil and gas at the Grimsnes well in the Norwegian North Sea. The partners plan a quick subsea tieback to the Oseberg Sør platform, with an investment decision possible next summer and production within three years.

Vallourec has secured a major TotalEnergies contract to supply more than 16,000 tons of tubular products, including OCTG and 159 km of line pipe, for Azerbaijan’s offshore Absheron gas development.

TotalEnergies plans additional diesel and heating fuel price cuts in France beginning Nov. 1, as the government releases strategic reserves to ease costs amid global supply disruptions.

Viking Completion Technology has opened an API-certified manufacturing and testing facility in Dhahran, Saudi Arabia, expanding local production of well completion equipment through a joint venture with Abdulrahman Algosaibi Holdings.

SANPC CEO Godfrey Moagi has been named chairman of the APPO NOC CEOs Forum, prioritizing refining capacity, energy financing and workforce development across Africa.

Enverus reports that Anadarko basin drilling inventory grew 37% year over year to 8,055 locations, as private operators gain ground and production is forecast to rise 15% through 2030.

Shell will acquire a 30% stake in Equinor’s Bay du Nord offshore oil project in Canada, advancing the C$14 billion development toward a final investment decision in early 2027.