Total acquires Engie’s upstream LNG business
Total has signed an agreement with Engie to acquire its portfolio of upstream liquefied natural gas (LNG) assets, which is set to make it the second largest global LNG player
Upstream
‘Liquidity still tight for small upstream EMEA oil firms’
Fitch Ratings has described the risks faced by the EMEA small oil and gas exploration and production companies, noting that the sustained fall in global oil price has deteriorated the liquidity positions of small upstream companies in the region
Upstream capex spend cut by US$100 bn in Sub-Saharan Africa
Over the next five years, capital expenditure is to be cut by US$100 bn in Sub-Saharan Africa, including exploration cuts will contribute to 46% oil production decline by 2030
Chevron to spend $22.6bn upstream in 2011
CHEVRON PLANS TO spend US$22.6bn on upstream oil and gas exploration and production projects worldwide in 2011.
