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ConocoPhillips not deterred by legal challenges to Alaska’s Willow project
ConocoPhillips is pushing ahead with its Willow project on Alaska North Slope, undeterred by recent legal challenges.
Northern to buy Permian assets from Veritas for $406.5mn
Northern Oil and Gas has agreed to buy substantially all of the non-operated Permian Basin properties owned by affiliates of Veritas Energy in its largest acquisition to date.
Flooding disrupts Western Canadian pipelines
Heavy rain and flooding disrupted oil and gas pipeline operations in Western Canada this week.
Double E pipeline enters service
Summit Midstream Partners announced on November 18 that its Double E natural gas pipeline, which serves the Permian Basin, had entered service.
Shell signs PSC for Manatee gas field
The government of Trinidad and Tobago has finalised a production-sharing contract (PSC) with Shell (UK) for Manatee, an offshore natural gas field.
KGL awards contract for FEED-related services on NewGen green hydrogen project
UK-based io consulting, formed by Baker Hughes and McDermott International (US), has won a contract for services related to front-end engineering and design (FEED) work on a green hydrogen project in Trinidad and Tobago.
Chevron shuts Gorgon Train 1 following minor leak
Chevron shut Train 1 at its giant Gorgon LNG plant in Western Australia following the discovery of a minor gas leak during a routine inspection this week.
Australia unveils next round of basin funding
The Australian government has unveiled the next two basins to receive exploration funding and support as part of the “gas-fired recovery” economic strategy.
US seeks Asian allies for SPR strategy
The US wants to co-ordinate with major Asian crude buyers to oversee the release of strategic reserves in order to bring prices down.
Thieves seeking gasoline for drug trade targeting Colombian oil pipelines
Colombian oil pipelines are reportedly becoming more attractive targets for criminal gangs seeking crude oil for use the drug trade.
Quito will not block New Stratus from buying 35% stakes in two blocks from Repsol
Ecuador’s government has signalled that it does not intend to block New Stratus Energy, an independent Canadian company, from acquiring minority stakes in two heavy crude oil blocks from Repsol (Spain).
Non-commercial discovery reported at Bonboni-1
TotalEnergies of France and its US-based partner APA have discovered non-commercial reserves of crude oil in Bonboni-1, an exploration well drilled in the northern section of Block 58 offshore Suriname.
ExxonMobil unit orders fourth FPSO for Stabroek
EEPGL has contracted SBM Offshore to build a 250,000 bpd vessel that will be installed at Yellowtail, the fourth development target in Guyana’s offshore zone.
Bermeo says Ecuador’s oil output will top 500,000 bpd by year-end
Ecuador’s Energy Minister Juan Carlos Bermeo has said that the country is on track to see oil production top 500,000 barrels per day by the end of 2021.
Gulf lease sale attracts $192mn in high bids
The federal US Gulf of Mexico lease sale held this week attracted $191.7mn in high bids for 308 blocks. It was the most active lease sale since 2014 in terms of the number of leases sold, and the amount raised was the highest since 2019.
Winter worries lead to an increase in refinery output in Japan
Indonesia unveils three-pronged upstream strategy
Indonesian upstream regulator SKK Migas has unveiled its three-pronged upstream strategy to boost national oil and gas production in line with the government’s 2030 target.
Hungary’s MVM taps international bond market with €500mn issue
Poland completes submarine part of Baltic Pipe gas link with Norway
Belgian and Swedish courts issue contradictory rulings on $545mn award against Kazakhstan to Moldovan investors
Russian oil major Gazprom Neft posts $11bn revenues in 3Q21
EBRD to support Sarajevo Canton district heating system project
Russian business leaders call for international co-operation at COP
A panel of leaders from Russian and British companies have called for greater international collaboration during in a discussion which took place during the COP 26 climate conference in Glasgow.
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