Europe saw almost $20 billion in new upstream deals agreed in 2023 — leading all regions outside of the United States, according to Evaluate Energy.
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Total Energy Services Inc.’s wholly owned subsidiary Savanna Energy Services Australia Pty Ltd. has entered into an agreement with SLB to acquire all of the shares of Saxon Energy Services Australia Pty Ltd. for US$37.0 million cash.
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Tourmaline Oil Corp. has increased its exposure to JKM by entering into a netback agreement with Trafigura Pte Limited based on 62,500 mmbtu/d of liquified natural gas (~0.5 mtpa) for a seven-year term starting January 2027, with the potential for extension to December 2039.
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Mega mergers involving Exxon Mobil Corporation, Chevron Corporation and Occidental Petroleum Corporation in Q4 skyrocketed 2023’s upstream deal value to $234 billion, based on Evaluate Energy data.
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