Onshore ///

Hydro Drilling, Nabors to deploy hydrocarbon production technologies and services in Europe and Africa

Hydro Drilling Global, Inc. (HD), an affiliate of Hydro Drilling S.r.l., announced the signing of a distribution agreement with Nabors Drilling International Limited (NDIL), an affiliate of Nabors Industries Ltd. to market and deploy Nabors’ technologies and services in Europe and Africa.

Libya’s oil production up to 800,000 barrels a day, minister says

Libya’s oil production has risen in the past week to around 700,000 to 800,000 barrels a day, according to Energy Minister Mohamed Oun.

Exxon joins major energy companies investing in Qatar gas project

Exxon Mobil Corp. is investing in a $29 billion project to boost Qatar’s gas exports, joining others including ConocoPhillips, TotalEnergies and Eni SpA.

Energean completes appraisal well operations and extends drilling program

Energean plc announced that it has extended its growth drilling program by exercising its options to drill two further wells with Stena Drilling Limited and to provide an update on the initial results of the KM-04 appraisal well.

Targa to buy Permian gas processor Lucid Energy Delaware for $3.55 billion

Targa Resources Corp. has agreed to buy Permian natural gas processor Lucid Energy Delaware LLC from Riverstone Holdings LLC and Goldman Sachs Asset Management for $3.55 billion in cash.

$4.3 billion Continental takeover offer could trigger bidding war

Billionaire Harold Hamm may trigger a bidding war for Continental Resources Inc. with his $4.3 billion takeover offer for the shale powerhouse he founded.

BP sells Canadian oil sands stake to Cenvous, buys Bay du Nord project share

BP sold out of Canada’s oil sands, divesting its stake in the Sunrise project to Cenovus Energy Inc. while acquiring offshore exploration from the same company in the east of the country.

Oil producer Sabinal Energy divvying up Permian assets for possible sale

Sabinal Energy, an oil producer backed by Kayne Anderson, is divvying up roughly 132,000 net acres in the Permian Basin for a sale of the company that could fetch more than $1 billion.

Netherlands pressed to boost Groningen gas output to loosen Putin’s energy grip

The Dutch Mining Council, an independent advisory body to the government, told the cabinet in a letter that it should consider tapping Groningen as an emergency measure to fill storage for the winter, with Russian supplies due to be stopped by the end of the year.

Eagle Ford gas driller Laredo Energy VI explores sale worth up to $1 billion

The owners of Laredo Energy VI LP, a gas driller focused in the Eagle Ford Shale in South Texas, are considering a sale of the company worth up to $1 billion, according to people with knowledge of the situation.

Shell set to receive final offers for 30% stake in Nigeria oil, gas fields

Shell Plc is set to receive two final offers this week for its onshore oil and gas fields in Nigeria, according to people with knowledge of the matter.

UK rules to allow new gas drilling at Loxley site in London

The U.K. has given permission for new drilling in the countryside south of London to establish the size of a natural gas field, as the government seeks to boost domestic energy production due to price volatility amid Russia’s war in Ukraine.

Devon Energy acquires Rim Rock’s leasehold interest and related assets for $865 million

Devon agreed to acquire the leasehold interest and related assets of RimRock Oil and Gas, a Warburg Pincus portfolio company focused in the Williston Basin, for total cash consideration of $865 million.

EIA expects Russian oil output to take hit in 2023 from EU sanctions

The European Union’s ban on seaborne imports of Russian petroleum in response to Russia’s invasion of Ukraine will lead to an 18% drop in the country’s fuel output by the end of next year, the Energy Information Administration (EIA) said in a monthly report.

Exxon and Total to be selected as investors in giant Qatari gas project

Exxon Mobil Corp. and TotalEnergies SE are among a group of Western energy companies poised to win stakes in a multibillion-dollar project to boost Qatar’s gas exports, people with knowledge of the matter said.

Louisiana probes source of methane cloud spotted near pipelines

Louisiana is investigating the source of a cloud of methane that was spotted from space near multiple natural gas pipelines.

Invictus Energy director highlights African energy market operations, Zimbabwe exploration

Invictus Energy is currently planning its maiden drilling campaign in the Cabora Bassa Basin in Zimbabwe which is estimated to commence in July, said Scott Macmillan, Managing Director of Invictus Energy.

Petrodel Resources reviving natural gas operations in Tanzania

Petrodel Resources Ltd., oil and gas reserves development and energy company, has announced its intention to revive its operations in Tanzania.

Woodside wins backing to buy BHP oil, gas amid climate backlash

Woodside Petroleum Ltd. almost certainly won investor approval to boost global oil and gas production by adding BHP Group assets while also facing a rebuke on its climate accounting.

Canada can boost oil output by 900,000 barrels a day, Kenney says

Canada’s oil production could increase by 900,000 barrels a day to make up for supply losses from Russia’s war in Ukraine, according to the premier of the province of Alberta.

Libya’s parliament-backed PM says oil fields may restart soon

Libya’s parliament-backed prime minister said closed oil fields and ports in the OPEC country may soon reopen, though his rival’s energy minister said negotiations with protesters were proving difficult.

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