Rigzone Industry News

A strike at Chevron Australia's LNG facilities is set to resume October 19.

The acquisition adds an estimated 2.0 million barrels of proved developed producing reserves.

Workers at Chevron's LNG facilities in Western Australia voted to resume a strike, accusing the energy giant of failing to honor government-recommended employment conditions.

The acquisition will add approximately 44,000 net acres in the Midland Basin to Civitas' portfolio.

The fragmentation of commodity markets could hinder the transition to clean energy by restricting access to relevant raw materials.

The transaction is valued at approximately $2.7 billion cash (CAD 3.7 billion) after closing adjustments, as well as future contingent payments of up to approximately $0.3 billion (CAD 0.4 billion).

The IEA is leading calls for countries gathering at COP28 to adopt a goal to triple the global renewable electricity capacity by 2030.

Petrobras is studying how Chevron Corp. managed to resume operations in Venezuela.

The company's syndicated facility was also increased from $150.9 million (CAD 205.0 million) to $158.26 million (CAD 215.0 million).

Crestwood has put to a shareholder vote an offer to raise the redemption price for preferred units under a pending merger with Energy Transfer.