{"id":18,"date":"2019-08-24T11:52:33","date_gmt":"2019-08-24T11:52:33","guid":{"rendered":"https:\/\/tankstorage.edirectstaging.co.uk\/?page_id=18"},"modified":"2024-04-24T15:01:21","modified_gmt":"2024-04-24T15:01:21","slug":"upstream","status":"publish","type":"page","link":"https:\/\/tankstoragenewsamerica.com\/upstream\/","title":{"rendered":"Upstream"},"content":{"rendered":"
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Upstream<\/h1>\n[\/vc_column_text][\/vc_column][\/vc_row][vc_row el_class=”section_breaking_news”][vc_column]
Top Upstream Stories<\/span><\/div>
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ExxonMobil Guyana moves forward<\/h4>\n
\n ExxonMobil has reached a significant milestone with the final investment decision for the Whiptail development offshore Guyana, following the necessary government and regulatory approvals. The Whiptail project, situated on the Stabroek block, is poised to become the sixth development on this prolific block, with an estimated capacity of approximately 250,000 barrels of daily production expected by the end of 2027.\r\n\r\nLiam Mallon, president of ExxonMobil Upstream Company, emphasised the company's commitment to Guyana's development, stating, \"Our sixth multi-billion-dollar project in Guyana will bring the country\u2019s production capacity to approximately 1.3 million barrels per day.\" He underscored ExxonMobil's collaborative approach with the government of Guyana, partners, suppliers, and contractors, which has facilitated the rapid and environmentally responsible development of the Guyana resource.<\/span>\n > read more<\/a><\/span>\n <\/div>\n <\/div>\n
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Mountain V Oil & Gas completes acquisition<\/h4>\n
\n Mountain V Oil and Gas, a leading player in the energy sector, has announced the acquisition of AXP Energy, an Australian oil and gas company with significant assets in Tennessee, Kentucky, and Virginia. This strategic move, valued at $4 million, consolidates Mountain V's standing as a dependable and sustainable producer of oil and gas, further enhancing its diversified commodity mix.\r\n\r\nBuilding on a legacy of three decades of growth in the gas and well-drilling industry, Mountain V embarked on drilling unconventional horizontal wells in 2022, aligning with its commitment to discovering new reserves and optimizing resource extraction operations. The company's integrated approach to operations management ensures a reliable and sustainable supply chain across all its activities.....<\/span>\n > read more<\/a><\/span>\n <\/div>\n <\/div>\n
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APA Corporation completes acquisition<\/h4>\n
\n APA Corporation has announced the successful completion of its acquisition of Callon Petroleum Company. The transaction received approval from APA and Callon shareholders at special meetings held on March 27, 2024.\r\n\r\nJohn J. Christmann IV, APA\u2019s CEO, expressed satisfaction with the closure of the deal, stating, \u201cWe are very pleased to close this transaction as Callon\u2019s assets bring scale to our Delaware position and balance to our overall Permian asset base \u2014 all at what we believe is a compelling valuation. We are confident this transaction will create shareholder value, as we expect to drive improved capital productivity and well performance, while realizing significant cost synergies. We look forward to applying our technical expertise and work processes across the Callon acreage to unlock potentially substantial shareholder value.\u201d....<\/span>\n > read more<\/a><\/span>\n <\/div>\n <\/div>\n
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Glenfarne Energy transition\u2019s Texas LNG<\/h4>\n
\n Texas LNG Brownsville LLC, a subsidiary of Glenfarne Energy Transition, LLC, has inked a Heads of Agreement with Gunvor Group's subsidiary Gunvor Singapore Pte Ltd for a 20-year LNG FOB sale and purchase agreement. This deal secures 0.5 MTPA of LNG from Texas LNG's future liquefied natural gas export terminal to be built in the Port of Brownsville, Texas.\r\n\r\nBrendan Duval, CEO and founder of Glenfarne Energy Transition and co-president of Texas LNG, expressed excitement about welcoming Gunvor to their customer portfolio. He highlighted the significance of connecting Texas LNG, renowned for its low-emission liquefaction facilities, with global economies seeking reliable and sustainable energy sources....<\/span>\n > read more<\/a><\/span>\n <\/div>\n <\/div>\n
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McDermott reaches<\/h4>\n
\n McDermott has proudly announced the mechanical completion of a groundbreaking industrial-scale biosurfactant plant for Evonik. Within less than two years from the contract award, Evonik has successfully initiated the production of Rhamnolipids, a bacterial surfactant poised to revolutionize cleaning products and greatly reduce their environmental footprint.\r\n\r\nThe project solidifies Evonik's position as a trailblazer in the production of high-quality, sustainable biosurfactants on a commercial scale.....<\/span>\n > read more<\/a><\/span>\n <\/div>\n <\/div><\/div>\n
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