article thumbnail

African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360º

Unlocking new E&P markets A slate of discoveries in recent years have opened up new oil and gas plays across the continent. While major gas deposits were found in the Outeniqua Basin in 2019 and 2020, operational challenges have impacted development. The company also strives to unlock the potential of the Orange Basin.

E&P 130
article thumbnail

Upstream M&A sails to $17 billion in 1Q25

Enverus

The private equity sponsored E&P was able to garner such a large premium for its land because high consolidation over the last few years has left few attractive private companies for the public E&Ps to target. Diamondback set a record in the Permian Basin with its acquisition of Double Eagle IV.

Upstream 162
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Supreme Court of Texas Washes Out the “Anadarko Washout”

Producer's Edge

—El Paso 2019, pet denied)) and Cromwell v. Anadarko E & P Onshore, LLC, 676 S.W.3d Anadarko E& P Onshore, LLC, no. Anadarko E & P Onshore, LLC, Cromwell obtained leases covering a small fractional interest in multiple sections in Loving County, Texas. Anadarko Petroleum Corp.,

E&P 59
article thumbnail

Plate Heat Exchangers Tips & Tricks N°1

Scambio Termico

Visita profilo Archivia 2023 2 febbraio 2 2022 13 dicembre 1 luglio 1 giugno 3 maggio 1 aprile 2 marzo 1 febbraio 1 gennaio 3 Fouling in Plate Heat Exchangers: Some Practical E. Plate Heat Exchangers Tips & Tricks N°1 Plate & Frame Heat Exchangers: Tips & Tricks for P.

E&P 52
article thumbnail

BP, Shell, and Exxon signal one thing: Oil isn’t going anywhere

Oil & Gas 360º

As part of turnaround plans, the supermajor eyes launching an impressive 27 new oil and gas projects over the next five years, the FT reported in an overview of the companys midterm strategy, noting, however, that even with these projects, BPs 2030 oil and gas production will be slightly lower than its 2019 productionper plans.

Oil 130
article thumbnail

The heart of the US oil boom is slowing

Oil & Gas 360º

million in 2019. The Bakken Formation, largely in North Dakota, birthed one of the earliest fracking booms. Production increased from roughly 90,000 barrels of crude a day in 2005 to 1.5 As costs rose and tier-one and -two acreage expired, North Dakotas production has declined by nearly a third since.

Oil 130
article thumbnail

Third Circuit Restores Rule B Attachment Based On Breach of Contract Claim Under English Law, Implied Indemnity Claim Not Enough

The Energy Law

When the Vessel arrived off the Mississippi River in February 2019, things went awry. In July 2019, Tongli initiated London arbitration proceedings against time charterer Bunge seeking indemnification for the settlement. After the dock owner arrested the vessel, Tongli eventually settled the dispute with the dock owner paying $3.25