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Market Chatter: Shell Said to Begin Search for Drilling Contractor on Offshore Gas Project in Venezuela
Shell (SHEL.L, SHELL.AS) launched the tender process for a drilling services contract linked to the Dragon offshore gas project in eastern Venezuela, Reuters reported Tuesday, citing two people familiar with the process.The energy giant is expected to award the contract by the end of September 2026, with the drilling of four wells targeted to begin in the second quarter of 2027, according to the report.The contract is reportedly subject to a positive final investment decision for the project.Shell did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
$SHEL.L$SHELL.AS
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2PointZero Unit Concludes $2.25 Billion Traverse Midstream Partners Purchase
2PointZero Group's (ADX:2POINTZERO) ePointZero subsidiary completed the acquisition of US-based Traverse Midstream Partners for $2.25 billion.The all-cash deal marks the specialized energy infrastructure platform's entry into the US market, according to a Tuesday release. Traverse Midstream was a portfolio company of natural resources private equity firm The Energy & Minerals Group.ePointZero gains a 35% non-operated interest in the Rover Pipeline and a 25% stake in the Ohio River System midstream assets in the US through the deal. The assets are located in the Appalachian Basin.
ADX:2POINTZERO
Equities
Kristi Noem Joins NovaRed Mining Advisory Board Amid Critical Minerals Push
Former Homeland Security Secretary Kristi Noem, who was fired in March, has received interest from multiple critical minerals companies seeking her advisory services, Bloomberg reported Tuesday.In June, Noem joined Vancouver-based NovaRed Mining's advisory board as the company works to expand its critical minerals footprint in North America, according to the report.NovaRed is exploring potential opportunities to acquire a mine in the US while working toward eventually supplying copper to the country, Noem told Bloomberg.She said companies are aware that her relationships could help connect them with useful contacts to support their growth.NovaRed has yet to discover a proven copper deposit in Canada and remains in early exploration, with an initial drill program planned this fall at its Wilmac copper-gold project in British Columbia, the report said.