Australian E&P rivals will merge to form a $16-billion producer with diverse asset set weighted toward natural gas and LNG.
The third quarter has so far not seen any mergers and acquisitions in the shale business that top $1 billion.
The divestments leave PDVSA as sole shareholder of the onshore Petrocedeño project in the Orinoco Belt.
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President's Column
  • As the COVID-19 pandemic subsides in most parts of the world, it is time for our ship to leave port. As we pull up our anchor, we must accept that there are risks out there, but we must get back to the task of exploration and production to improve lives, mitigate poverty, and provide the energy to enable a modern global society.
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