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Could renewables be the Majors' next big thing?
Wind and solar are poised to radically reshape energy markets. Though the timing of the energy transition is highly uncertain, oil and gas companie...
GE combines its oil and gas business with Baker Hughes
On 31 October, GE and Baker Hughes announced an agreement to combine GE's oil and gas business with Baker Hughes. In the short term, the new entity...
ConocoPhillips sells its San Juan assets to Hilcorp for up to US$3 bn
ConocoPhillips announced the sale of its San Juan Basin properties to Hilcorp San Juan LP, a partnership between Hilcorp Energy and The Carlyle Gro...
From misery to muted optimism for Canada's offshore projects
Terra Nova extension project, West White Rose and Bay du Nord saw several setbacks in 2020. Terra Nova appeared to be heading towards early decommi...
Beach buys Origin's conventional business for US$1.25 bn
Australia's Beach Energy is buying Origin Energy's subsidiary, Lattice Energy, for A$1,585 million (US$1,250 million). It is Beach's largest acquis...
Colombia's gas supply outlook to meet increasing demand
Colombia's gas proven reserves have been decreasing over the past decade and current volumes are sufficient to cover eight years at current consump...
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