21 February 2024
21 February 2024
EnLink and ExxonMobil have joined forces to explore carbon capture and sequestration (CCS) opportunities beyond the south-east Louisiana Mississippi River Corridor.
The acquisition of the Hill Top Farm and Hole House Farm facilities sites marks Kistos' entry into the gas storage sector.
Western Midstream Partners (WES) is expected to draw interest from Enterprise Products Partners and Williams Companies, among others.
The assets include more than 470 operated producing wells and approximately 140,000 net acres.
The five-year deal is set to terminate by the end of 2024.
The backlog of tankers carrying Russian Sokol oil has become one of the biggest disruptions to Moscow’s oil trade.
The decision comes following a gas discovery near North Sumatra with estimated reserves of more than six trillion cubic feet (tcf).
The discovery at the Kharo-1 well has the potential to "significantly enhance" the company’s hydrocarbon reserves.
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