US based oil company Devon Energy has completed its acquisition of Grayson Mill Energy assets in a deal valued at US$5 billion in cash and stock, says GlobalData. This acquisition significantly ...
Brazilian oil giant Petrobras is set to reopen a closed oil well in its large offshore Roncador field in a bid to quickly obtain natural gas, reports Reuters.
A global exploration company’s decision to cease its search for new gas supply in Victoria’s Otway Basin is a major blow to the state’s energy security and will compound looming gas shortfalls in ...