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Exxon vs. Chevron battle sets stage for oil industry’s race for prize assets: Bousso

Oil & Gas 360º

(BOE Report) – LONDON, July 18 – The high-stakes clash between Exxon Mobil and Chevron over a prized South American oilfield may be a sign of what’s to come in the oil and gas industry as competition for a shrinking pool of prime assets heats up. Chevron is set to finalize its $53 billion acquisition of U.S. energy sector.

Oil
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Is geothermal energy ready to make its mark in the US power mix?

McKinsey

These approaches typically dig deeper and through harder rock than where most oil and gas drilling occurs, so drilling for next-generation geothermal is currently more expensive than for traditional oil and gas. Applying best practices from the oil and gas sector will be instrumental to achieving these improvements.

IT
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Permian Basin drives growth in tight oil production in U.S. onshore lower 48

Permian Basin Oil and Gas Magazine

Onshore crude oil production in U.S. lower 48 states has more than tripled since January 2010, according to U.S. Energy Information Administration, driven by growth in tight oil production in Permian Basin. million b/d in 2010 to 2.1 In the same period, tight oil production increased from 0.8 million b/d in 2024.

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Valor | Energy Connection – July 21, 2025

Valor

July 21, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Read more US drillers add oil/gas rigs for first time in 12 weeks, Baker Hughes says Summary : For the first time in 12 weeks, the U.S. Stay tuned for weekly updates to keep you well-informed.

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Devil’s in the details: Why BP’s debt may deter a buyer

Oil & Gas 360º

oil majors such as Exxon Mobil or Chevron. Abu Dhabi National Oil Company considered a takeover in 2024, but did not proceed, Reuters reported. Finally, BP is still paying for the 2010 Macondo disaster, when a blowout at an offshore platform in the Gulf of Mexico caused one of the world’s worst oil spills.

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Turkey Sends New Draft to Iraq to Renew, Expand Energy Agreement

Egypt Oil & Gas

The request was attached with a draft for a new inclusive agreement in oil, gas, petrochemical industries, and electricity. This followed Turkey’s announcement to terminate the agreements and protocols signed between Turkey and Iraq regarding the crude oil pipeline extending from Iraq to Turkey, effective July 27, 2026.

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The Iberian green industrial opportunity: Carbon capture and storage

McKinsey

10 “CO 2 storage projects in Europe,” International Association of Oil and Gas Producers, March 2024. This mature technology has a long operational history in the oil and gas industry and is the most commonly used option for short to medium distances. In addition, most of Europe’s depleted oil and gas fields are located at sea.