Energy News Bulletin’s Post

Trinidad & Tobago M&A Alert! Touchstone Exploration Inc. has agreed to acquire the onshore Central Block from Shell for US$23 million in cash, subject to closing adjustments. Located next to Touchstone's Ortoire block, Central Block is a mature gas asset that includes three producing fields, an 80 MMcf/d gas processing facility, and associated pipelines. This strategic acquisition will expand Touchstone's access to both domestic and LNG markets. It also follows the recent unsuccessful attempt to acquire Trinity E&P. For Shell, this is a portfolio high-grading move, enabling the Major to exclusively focus on its offshore operations and stake in Atlantic LNG.

Petro-Victory Energy has entered into a strategic alliance with Blue Oak Investments to expand its acquisitions of Exploration and Production (E&P) assets and companies in Brazil and Latin America... . . . #petrovictory #petroenergy #blueoak #Oilindustry #GasIndustry #brazil #latinamerican #Hydraulicfracking #fracking #fracplugs #thankfulmaterial #wellcompletiontools #wellcompletion #frackingproducts #oilexploration #oilproduction #gasexploration #gasproduction #oilwells #gaswells #oilandgaswells #Solublefracballs #fracball #solubleball #oilfield #oilfieldtoolaccessories #accessories #tools #oilfieldtools #Oilindustry #GasIndustry #oilandgasindustry #frackingindustry #Hydraulicfracking #fracking #wellcompletiontools #wellcompletion #frackingproducts #oilexploration #oilproduction #gasexploration #gasproduction #oilwells #gaswells #oilandgaswells #trending #topcompany #supplier #supplierfromchina #importexport #latestnews #breakingnews #oilindustry #oilnews #gasnews #oilandgasindustry #thankfulmaterial #offshore #inshore #oilproduction #supplier #oilproducer #oilandgasfacts #oilproducts #gasproducts #oilandgasproducts #ai #trending #wellcompletion #wellproducts #titanium #magnesium #metals #products #exportimport #oilexploration #fracplugs #oiltools #crudeoil #crudeoilexploration #crudeoilindustry #us #downholetools #tools #supplier #supplierfromchina #topcompany #trending #china #importexport

Petro-Victory Energy has entered into a strategic alliance with Blue Oak Investments to expand its acquisitions of Exploration and Production (E&P) assets and companies in Brazil and Latin America... . . . #petrovictory #petroenergy #blueoak #Oilindustry #GasIndustry #brazil #latinamerican #Hydraulicfracking #fracking #fracplugs #thankfulmaterial #wellcompletiontools #wellcompletion #frackingproducts #oilexploration #oilproduction #gasexploration #gasproduction #oilwells #gaswells #oilandgaswells #Solublefracballs #fracball #solubleball #oilfield #oilfieldtoolaccessories #accessories #tools #oilfieldtools #Oilindustry #GasIndustry #oilandgasindustry #frackingindustry #Hydraulicfracking #fracking #wellcompletiontools #wellcompletion #frackingproducts #oilexploration #oilproduction #gasexploration #gasproduction #oilwells #gaswells #oilandgaswells #trending #topcompany #supplier #supplierfromchina #importexport #latestnews #breakingnews #oilindustry #oilnews #gasnews #oilandgasindustry #thankfulmaterial #offshore #inshore #oilproduction #supplier #oilproducer #oilandgasfacts #oilproducts #gasproducts #oilandgasproducts #ai #trending #wellcompletion #wellproducts #titanium #magnesium #metals #products #exportimport #oilexploration #fracplugs #oiltools #crudeoil #crudeoilexploration #crudeoilindustry #us #downholetools #tools #supplier #supplierfromchina #topcompany #trending #china #importexport

Talos Energy acquired 21.4% WI in the Monument field operated by Beacon Offshore Energy, a SSTB that will tie into the Shenandoah field currently under development (Shenandoah 1H 2025 1st oil, Monument ballpark 1st oil in 2026 depending on Shenandoah performance and capacity availability). This is significant as Monument is a 20K PSI field, and this is additional activity by an independent in an arena once thought to be the province of just the majors. This is also an excellent example of how the development of new hubs enables additional activity, and a story that will be repeated as other new standalone developments bring on Paleogene production (much of which is high pressure requiring 20K kit). #energy #oil #acquisitions #paleogene #wilcox #20k https://lnkd.in/gdxzGkzw

The impact of new production centers and more independent activity in 20K assets in the Paleogene:

Energy Update: 1 August 2024 Archer enlarging its service offering with takeover of Argentinian managed pressure drilling firm (Offshore Energy)  Oslo Stock Exchange-listed oil services company Archer has inked a deal to acquire Air Drilling Associates’ managed pressure drilling (MPD) subsidiary, ADA Argentina. While the purchase price has not been disclosed, Archer said it would be settled over three years using cash from its existing operations in Argentina. The transaction is expected to be cash-positive after less than two years, adding an estimated 2–4% to the Norwegian firm’s 2025 EBITDA.    Join the energy leaders — book your stand today: https://lnkd.in/dZmREi29 

📢Houston-based Westlawn Americas Offshore (WAO), part of Westlawn Group, has wrapped up the #acquisition of a partial stake in a concession, covering two #oil fields #offshore #Brazil. The firm’s new partner, BRAVA Energia, former 3R Petroleum before the merger with Enauta, has welcomed the company to Brazil and revealed a timeline for the resumption of production at another #oilfield in Brazil’s Campos basin. 𝐑𝐞𝐚𝐝 𝐦𝐨𝐫𝐞: https://buff.ly/4eGnwM6 #oilgas #energy #oilandgasnews #offshoreenergy #oilandgas #LatinAmerica 📸 Background image: FPSO Atlanta; Source: Yinson Production

The General Petroleum Company’s (GPC) plans to drill 41 new wells for oil and gas exploration and production in the Eastern and Western Deserts and the Gulf of Suez in FY2025/2026, as well as repairing and recompleting 39 wells in the company’s various fields, according to a statement by Mohamed Abdel Mageed, Chairman of GPC In a meeting held to discuss GPC’s new investment budget for FY2025/2026, Abdel Mageed highlighted the company’s achievements in the first half of the FY2025/2026, which included drilling 17 new production wells and repairing and recompleting 40 others Learn more on our website!

𝙀𝙭𝙭𝙤𝙣 𝙖𝙣𝙙 𝘾𝙝𝙚𝙫𝙧𝙤𝙣 𝙋𝙧𝙤𝙥𝙚𝙡 𝙂𝙧𝙤𝙬𝙩𝙝 𝙬𝙞𝙩𝙝 𝙎𝙩𝙧𝙖𝙩𝙚𝙜𝙞𝙘 𝘼𝙘𝙦𝙪𝙞𝙨𝙞𝙩𝙞𝙤𝙣𝙨 𝙖𝙣𝙙 𝙄𝙣𝙘𝙧𝙚𝙖𝙨𝙚𝙙 𝙋𝙧𝙤𝙙𝙪𝙘𝙩𝙞𝙤𝙣 ExxonMobil and Chevron, two of the largest U.S. oil companies, are witnessing significant growth in crude production, particularly from the #PermianBasin and #Guyana, two of the world's most productive oil fields. This surge is underpinned by their strategic investments exceeding $100 billion in acquisitions. Exxon's first-quarter production in Guyana saw a remarkable 70% increase, contributing significantly to global demand. Simultaneously, both companies anticipate a 10% increase in Permian production this year. Exxon is poised to become the largest producer in the Permian following its $64 billion acquisition of Pioneer Natural Resources, while Chevron is expanding its stake in Guyana's Stabroek Block with a $52 billion investment in Hess Corporation. This aggressive expansion positions them ahead of European competitors and underscores their commitment to bolstering oil and gas production amid global supply concerns. Despite shifting market dynamics and increased interest in renewable energy, Exxon and Chevron remain focused on fossil fuels. They leverage their robust positions in low-cost, high-yield regions to ensure profitable production and meet rising energy demands. https://lnkd.in/gGNm-3Pz

CNX Resources Corporation has announced a definitive agreement to acquire the natural gas upstream and midstream business of Apex Energy II, LLC for approximately $505 million, with the transaction expected to close in Q1 2025. This acquisition strengthens CNX’s position in the Appalachian Basin, strategically expanding its Marcellus and Utica acreage in Westmoreland County, Pennsylvania, by adding 36,000 net acres and leveraging existing infrastructure for future development. https://lnkd.in/g4X8KDfy