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Whitecap and Veren Finalize $10.4B Merger, Create Top-7 Canadian Oil & Gas Producer

Rextag

The merger creates a new heavyweight in Canadian energy, ranking as the seventh-largest oil and gas producer and the fifth-largest natural gas producer in the country by output. Meanwhile, a new LNG terminal in British Columbia is set to boost natural gas demand. billion) all-share merger, officially announced on May 12, 2025.

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Equinor Files Development Plan for Fram South in Norwegian North Sea

Rigzone

billion) investment to develop Fram South, which will unlock new gas for Europe, the operator said. billion) investment to develop Fram South, which will unlock new gas for Europe, the operator said. Oil comprises 75 percent and gas 25 percent, according to Equinor. It expects the project to start production 2029.

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Petrovietnam, JV Partners Sign PSC for Vietnam Block

Rigzone

Image by pavalena via iStock Vietnam Oil and Gas Group (Petrovietnam) and its joint venture partners have signed a product sharing contract (PSC) for Block 15-1 on the southern continental shelf of Vietnam. The asset is one of the few blocks in Viernam that contains large-scale commercial oil and gas fields. percent, SK Group holds 7.2

BCF 62
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Equinor, Shell Unveil Name of UK North Sea JV

Rigzone

It’s a company built on firm foundations, much like the strong granite synonymous with the city” “Adura will sustain domestic oil and gas production and security of energy supply in the UK and beyond”, Equinor added. MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX!

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The Iberian green industrial opportunity: Carbon capture and storage

McKinsey

Total industry GVA encompasses the following sectors: mining and quarrying, manufacturing, electricity, gas, steam, and air conditioning supply, as well as water supply, sewerage, waste management, and remediation activities. 10 “CO 2 storage projects in Europe,” International Association of Oil and Gas Producers, March 2024.

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CNOOC Announces Seventh Upstream Startup in Chinese Waters This Year

Rigzone

Brent Crude $66.90 +0.65% Natural Gas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS CNOOC Announces Seventh Upstream Startup in Chinese Waters This Year by Jov Onsat | Rigzone Staff | Monday, June 09, 2025 | 3:37 AM EST Weizhou 5-3 is expected to reach a peak output of about 10,000 bpd next year. feet) deep.

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Great British Energy Gets Permanent CEO

Rigzone

O’Grady was general secretary for the TUC between 2013 and 2022, as well as former deputy general secretary from 2003, a bio section included in the statement noted, adding that O’Grady is a member of the House of Lords and has previously held positions at the Transport and General Workers Union.

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