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EOG Resources $5.6B Bet on the Utica: What It Could Mean for the Wider M&A Market 

Enverus

This move marks EOG’s first major acquisition since its 2016 purchase of Yates Petroleum. The following blog is distilled in part from  Enverus Intelligence® Research (EIR)  publications. After nearly a decade on the sidelines, EOG Resources has made a bold return to the M&A arena with its $5.6 The deal is also financially compelling.

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How has the U.S. energy use changed since 1776?

Oil & Gas 360º

In 2016, biofuels —including the fuel ethanol mixed in motor gasoline—became the most-consumed U.S. Fossil fuels—petroleum, natural gas, and coal—accounted for 82% of total U.S. energy consumption in 2024. Nonfossil fuel energy—from renewables and nuclear energy—accounted for the other 18%. Data source: U.S. renewable energy source.

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Iraq Expands Gas Projects to Curb Flaring

Iraq Business News: Oil & Gas

By John Lee. As part of Iraq's government-backed gas development programme, the Ministry of Oil has reported significant progress in reducing gas flaring and increasing gas utilisation. It says the Ministry has raised associated gas capture from 53% to 70%, and dry gas production from 1,300 to 1,800 million standard cubic feet per day (mmscfd).

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Oil Review Middle East - Untitled Article

Oil Review Middle East

Upstream natural gas spending is set to maintain the levels seen in 2024. Global refinery investment in 2025 is set to fall to its lowest level in the past 10 years. In contrast, investment in new LNG facilities is on the rise, with new projects in the USA, Qatar, Canada and elsewhere set to come online.

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Venezuela’s PDVSA oil sales abroad hit $17.5 billion in 2024 as exports jump

Oil & Gas 360º

There are no comparative figures from previous years because PDVSA has not published its results since 2016, and it did not immediately respond to a request for comment. sanctions on Venezuela’s energy industry since 2019. In late May, however, Washington revoked those licenses to take Venezuelan crude bound for U.S. and European refineries.

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The Iberian green industrial opportunity: Carbon capture and storage

McKinsey

The EU Emissions Trading System regulatory framework The EU Emissions Trading System (EU ETS) regulatory framework initiated its trial phase in 2005, initially focusing on the power and heat, refinery, cement, iron, steel, glass, and pulp and paper industries. 1 “EU Emissions Trading System: Scope of the EU ETS,” European Commission.

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ConocoPhillips Confirms Slagugle Oil Discovery in Norwegian Sea

Rigzone

This is the third exploration well in production license 891, awarded in the Awards in Predefined Areas (APA) in 2016, the Directorate said in its notice. The second appraisal well, 6507/5-12 S, was drilled about 22 kilometers (13.7 miles) northeast of the Heidrun field and about 270 kilometers (168 miles) north of Kristiansund.

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