Through the deal, Shell would acquire TotalEnergies’ 12.5% stake in the production sharing contract, which includes Bonga field, taking its total interest to 67.5%.
The Chevron Phillips Chemical joint venture and partners plan to sell CPSC, which operates a 400,000-tpy high-density polyethylene complex, to Aster Chemicals and Energy Pte. ...
Outgoing CEO Travis Stice said Diamondback will need WTI’s price to climb back to nearly $70/bbl before it recommits capital to its previous growth pace.
On May 6, on a call to discuss first-quarter earnings and operations, the to-be chief executive told analysts not to expect sweeping changes in company strategy.
The company turned in line 89 wells during the first 3 months of the year and plans to grow production in the Haynesville basin by more than 12% this quarter.
