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UKs SSE to Sell Gas E&P Assets to Viaro Energy for $161 Million

2020-12-22 15:33:43| OGI

British energy supplier SSE said on Dec. 22 it has agreed to sell its portfolio of natural gas exploration and production assets to U.K.-based upstream energy company Viaro Energy for 120 million pounds (US$161 million).

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Equinor to Invest $345 Million to Improve Recovery Rate at North Sea Field

2020-12-22 14:46:42| OGI

Equinor and its license partners have decided to invest NOK 3 billion (US$345 million) in the North Sea Statfjord st field to improve recovery by 23 million barrels of oil equivalent, the company said on Dec. 22.

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ConocoPhillips Makes Norway Oil Discovery of up to 200 Million Barrels

2020-12-22 11:16:12| OGI

ConocoPhillips made an oil discovery in the Norwegian Sea north of the Heidrun field, the country's Petroleum Directorate (NPD) said on Dec. 22.

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Oaktree Capital Pledges $600 Million Investment to Fuel Natural Gas Dealmaking

2020-12-18 17:25:00| OGI

Oaktree Capital committed to invest an additional $600 million in future mutually agreed upon opportunities to support BKV Corp.s strategy to consolidate U.S. natural gas assets.

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Earthstone Energy to Acquire Warburg-backed Midland Basin Operator in $185.9 Million Deal

2020-12-18 12:00:00| OGI

Earthstone Energys acquisition of Independence Resources Management is expected to roughly double both the companys production and adjusted EBITDAX with minimal impact to leverage, says Earthstone CEO Robert J. Anderson.

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