Equinor completes acquisition with Shell in the US Gulf of Mexico

The Bureau of Ocean Energy Management has approved Equinor and Shell’s transaction announced in May 2019, whereby Equinor exercised its preferential right to acquire 22.45% interest in the Caesar Tonga oil field from Shell Offshore Inc for a total consideration of USD 965 million in cash. Equinor’s interest in the field is now 46%. Anadarko Petroleum …

Continue readingEquinor completes acquisition with Shell in the US Gulf of Mexico

New Mexico is Rich with Oil and Natural Gas Revenue

Prolific oil and natural gas production – particularly in Eddy and Lea counties that sit atop the Permian Basin – is driving a record-breaking revenue year for New Mexico, according to a recent New Mexico Legislative Finance Committee report. As New Mexico Oil and Gas…

The post New Mexico is Rich with Oil and Natural Gas Revenue appeared first on .