Short News for Oil & Gas (2022-01-06)-Yayaking Valve Collect

1. Dominion energy: complete the sale of Questar pipelines

Dominion Energy announced on Friday that it had completed the transaction of selling Questar transmission pipeline project to southwest gas holdings, with a transaction value of US $1.975 billion, including undertaking US $430 million of existing debt. The transaction was previously announced on October 5, 2021

 

2. Aker BP obtains drilling license for North sea well 3

Recently, the Norwegian Petroleum Authority (NPD) granted Aker BP a license to drill three wells in the North Sea of Norway. Aker BP is the operator of the license with a 40% ownership interest. Other licensees include equinor (40%) and LOTOS exploration and production Norge (20%).

 

3. Us shale drillers face record cost pressures

Dallas Federal Reserve Bank data show that oil drillers are bearing record costs because some banks are increasingly reluctant to provide loans to oil drillers in the largest oil field in the United States.

The Dallas Fed said in a report released last Wednesday that the equipment, leasing and other input costs of oil exploration companies and their contractors soared to an all-time high in the quarter. Drillers also found that fewer and fewer banks were willing to lend in the 11th Federal Reserve, including parts of Texas, Louisiana and New Mexico.


Post time: Jan-06-2022