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UPDATE 1-EnQuest selling stake in North Sea Golden Eagle oilfield, sources say
EnQuest selling stake in North Sea Golden Eagle oilfield, sources say. Britain's EnQuest is looking to sell its 27% stake in the Golden Eagle field in the British North Sea. The company bought the stake from Suncor in 2021 for $325 million. EnQuest has struggled in recent years with high debt levels.
Reuters · 04/16 14:42
HESS: FPSO VESSEL FOR WHIPTAIL IS UNDER CONSTRUCTION
Reuters · 04/12 11:26
UPDATE 3-Exxon moves forward with sixth oil project in Guyana
Exxon moves forward with sixth oil project in Guyana. Production at the $12.7 billion Whiptail project is expected to begin in 2027. The project will add 250,000 barrels of oil per day to the Stabroek Block. Shares of Exxon were up over 1.2% in morning trade.
Reuters · 04/12 11:25
UPDATE 2-Exxon moves forward with sixth oil project in Guyana, targets 1.3 mln bpd output
Exxon moves forward with sixth oil project in Guyana, targets 1.3 mln bpd output. A consortium led by Exxon began crude output in 2019 and has ramped up production to 650,000 barrels per day. Production at the $12.7 billion project is expected to begin in 2027. Exxon is currently embroiled in a dispute with Hess over the Stabroek block.
Reuters · 04/12 11:25
China stocks rise as commodities shine; Hong Kong snaps winning streak
China stocks rise as commodities shine; Hong Kong snaps winning streak. Strong performances in copper and gold miners offset drag from weak consumer data. China released worse-than-expected March consumer data on Thursday. Hong Kong stocks track overnight losses in Wall Street and drag down U.S. Shares.
Reuters · 04/11 05:17
Guyana gas-to-power project to shave weeks off oil output, hit revenue
Guyana gas-to-power project to shave weeks off oil output, hit revenue. First phase of a power plant is running six months behind schedule. Guyana's biggest effort to capitalize on its energy bounty is embroiled in legal fights. The country's first commercial oil and gas discovery will be in 2015. Exxon Mobil is building a gas pipeline to supply the power plant.
Reuters · 04/08 10:00
EXCLUSIVE-Russia's Arctic LNG 2 suspends gas liquefaction amid sanctions, lack of tankers, sources say
Russia's Arctic LNG 2 suspends gas liquefaction amid sanctions, lack of tankers, sources say. The project has slashed gas output in recent month - media sources. Russia's largest producer of liquefied gas faces challenges in getting specialist gas tankers. Project had been hoping to start commercial deliveries in first quarter of this year.
Reuters · 04/02 15:01
Deals of the day-Mergers and acquisitions
EU antitrust regulators resume their investigation into British Airways owner IAG's bid to buy out Air Europa. Italian bank UniCredit sells its 4.99% stake in construction group WeBuild. South Africa's Telkom agrees to sell its masts and towers business for $357 million. Chinese offshore oil and gas major CNOOC files arbitration claim.
Reuters · 03/22 09:44
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