Remove BCF Remove Completion Remove Natural Gas
article thumbnail

EQT Seals the Deal, Completes Olympus Energy Purchase for $1.8B

Marcellus Drilling News

In April, MDN told you that EQT Corporation, the second-largest natural gas producer in the country (and the largest producer in the Marcellus/Utica) was buying out and merging in Olympus Energy for $1.8 billion (see EQT Buying Olympus Energy for $1.8 Billion; 90K Acres, 0.5 The Olympus assets comprise what EQT described as a.

BCF
article thumbnail

Badawi Discusses Natural Gas Investment Plans with bp

Egypt Oil & Gas

This year, bp completed drilling activities from two gas discoveries offshore the Mediterranean; El-King-2 and El Fayoum-5. The two exploration wells will be tied into the company’s existing onshore infrastructure as part of the West Nile Delta (WND) Gas Development project.

Insiders

Sign Up for our Newsletter

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

article thumbnail

U.S. Rig Activity Rebounds Amid Rising Natural Gas Prices – Baker Hughes

Oil Gas Leads

oil and gas drilling activity saw a notable rebound this past week, driven primarily by a surge in natural gas rigs. According to the latest Baker Hughes Rig Count, the total number of active rigs rose by seven—the largest weekly gain since December—reflecting growing optimism in the gas sector as prices climb.

article thumbnail

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. percent, Korea National Oil Corporation (KNOC) holds 11.4 percent, SK Group holds 7.2 percent, and Geopetrol holds 2.6

BCF
article thumbnail

Canadian First Nations to Acquire $511 Million Stake in Enbridge's Westcoast Pipeline

Rextag

s Westcoast natural gas pipeline system for CA$715 million (US$511 million) — a landmark deal that represents the first transaction backed by Canada’s new federal Indigenous loan guarantee program. The deal marks Enbridge’s fourth equity partnership with Indigenous groups, and its first involving a natural gas pipeline.

article thumbnail

From Landfill to Leadership: EQT Acquires Majority Stake in Waga Energy for $611M

Rextag

stake in Waga Energy SA (EPA: WAGA), a French leader in renewable natural gas (RNG) production, in a transaction that values the company at approximately €534 million (US$611 million). The company has scaled rapidly, supported by public and private funding, and has become a key player in decarbonizing the natural gas value chain.

article thumbnail

Enstor Gets Green Light for Mississippi Hub Expansion Project

Rigzone

Enstor said in a media release that the Mississippi Hub is a high-deliverability underground natural gas storage facility located on the Bond Salt Dome in Simpson County, Mississippi. Bcf of additional working gas capacity and up to 0.7 Bcf, which is roughly 2.5

BCF