Stay updated with breaking news from Nergy365. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Criterium Energy has executed a sale and purchase agreement to acquire all the issued and outstanding shares of Mont D Or Petroleum( MOPL ). MOPL holds 100% operating working interests in two Production Sharing Contracts in Indonesia, the Tungkal PSC located onshore South Sumatra and the West Salawati PSC located in Southwest Papua. ....
Earthstone Energy has entered into an agreement to acquire Novo Oil & Gas Holdings, a privately-held Delaware Basin focused E&P company backed by EnCap Investments, for $1.5 billion. Concurrently, Northern Oil and Gas, Inc. will acquire working interests equal to a pro-rata 33 1/3% of the oil and gas assets of Novo for $0.5 billion from Earthstone, resulting in a $1.0 billion purchase price net to Earthstone for the retained 66 2/3% interest. ....
Growth in the world’s demand for oil is set to slow almost to a halt in the coming years, with the high prices and security of supply concerns highlighted by the global energy crisis hastening the shift towards cleaner energy technologies, according to a new IEA report. ....
Shell hosted its Capital Markets Day on 14 June 2023. Shell updated investors on its strategy to create more value with less emissions, and deliver increased shareholder returns through a balanced energy transition. ....
Engineering researchers have won a £125k grant from renewables investor Greencoat UK Wind to develop their innovative wind turbine recycling process. The researchers, from the University of Edinburgh, are developing a technique to turn old wind turbine blades into powders that could be used to protect engineering and structural components, including new wind turbine blades. ....