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Chevron Sanctions GOM Ballymore Project; 75,000 BPD
Chevron Corp. has sanctioned the Ballymore project in the deepwater U.S. Gulf of Mexico. The project, with a design capacity of 75,000 barrels of crude oil per day,…

Shell to Exit JV Projects with Gazprom, End Involvement in Nord Stream 2 Pipeline
The Board of Shell plc announced its intention to exit its joint ventures with Gazprom and related entities, as well as end its involvement in the Nord Stream…

APA Corp. Signs $3.5B PSC Deal with Egyptian Parliament
APA Corp. has announced the signing of an agreement to modernize and consolidate the company's current Production Sharing Contracts (PSCs) with Egypt's Ministry of Petroleum and Mineral Resources…

Whitecap Resources Inks MOU for Carbon Capture Storage
Whitecap Resources Inc. has signed a memorandum of understanding (MOU) with Federated Co-operatives Limited (FCL) to use Whitecap’s expertise in carbon capture utilization and storage (“CCUS”) to assist…

Chevron, Enterprise Partner for Carbon Capture in MidCon, Gulf Coast
Chevron, through its Chevron New Energies division, and a subsidiary of Enterprise Products Partners have partnered to study and evaluate opportunities for carbon dioxide (CO2) capture, utilization, and…
Russia News

Chairman of Russia's Lukoil Dead After 'Fall from Hospital Window'
Lukoil Chairman Ravil Maganov has died, according to multiple reports. He was 67. Russian state-owned news agency TASS reported that Maganov died following a "fall from a hospital…

Energy Firms Exit Russian Projects En Masse, Citing Ukraine Invasion (Updated 3/4/22)
This week, several energy companies have announced that they will be abandoning projects tied with Russia in protest of the country's invasion of Ukraine. Several other firms who…

ExxonMobil to Close Out Russian Operations; Make No Further Investments
ExxonMobil will close out its Sakhalin-1 project in Russia in response to the country's invasion of Ukraine. Exxon held a 30% stake in the project. The company will…

TotalEnergies Will Make No New Investments in Russia
TotalEnergies will be making no new investments in Russia due to the country's invasion of Ukraine, but fell short of cancelling existing agreements and projects in the region.…

Equinor to Exit Russian JVs, Halt New Investments in Country
Equinor's Board of Directors has decided to stop new investments into Russia, and to start the process of exiting Equinor’s Russian Joint Ventures. Anders Opedal, President and CEO…