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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. Together, upstream oil and gas investment for 2025 is forecast at less than US$570bn, a decline of around 4%. Saudi Arabia’s upstream oil and gas investment is the highest in the Middle East, and is set to reach US$40bn in 2025, nearly 15% higher than in 2015.

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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. Implications for the Wider M&A Market This transaction is significant not just for EOG, but for the entire upstream M&A landscape. To check out the rest of our recent EVOLVE Conference sessions click here. billion in debt and $2.1

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The Iberian green industrial opportunity: Carbon capture and storage

McKinsey

This new system, known as the EU ETS2, will focus on upstream emissions, targeting fuel suppliers instead of end consumers. million tons per annum [Mtpa,] commercial operation date [COD] 2016); Heidelberg Material’s cement plant in Brevik, Norway (0.4 billion carbon credits issued since 2016. Mtpa, COD 2022).

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ConocoPhillips announces oil find at Slagugle discovery in Norwegian Sea

Oilfield Technology

It is the third exploration well drilled in production licence 891, which was awarded during the Awards in Predefined Areas (APA) in 2016. The appraisal well was drilled approximately 22 km north-east of the Heidrun field and 270 km north of Kristiansund. Please sign in or register for free.

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EnerCom announces Liberty Energy and Baker Hughes as Keynote Speakers at the 30th annual EnerCom Denver – The Energy Investment Conference, August 17-20, 2025

Oil & Gas 360º

About Ron Gusek Ron Gusek is the CEO of Liberty Energy, after serving as President since November 2016. Institutional investors, portfolio managers, family offices, financial analysts, CIOs, and other investment community and industry professionals are encouraged to register now for EnerCom Denver at www.EnerComDenver.com.

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Piratas modernos: saqueo en las plataformas de Pemex

Oil & Gas Magazine

Entre 2016 y 2024, Petróleos Mexicanos (Pemex) ha enfrentado un fenómeno poco conocido pero creciente: el robo sistemático de equipo y materiales en sus plataformas marítimas por parte de “piratas”.

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BP Chair to step down amid Elliott campaign for changes

Oil & Gas 360º

In a major reset back to oil and gas, BP said in February that it would increase its investment in upstream oil and gas to $10 billion per year while slashing spending on clean energy by more than $5 billion a year. Norwegian national Lund became BP chair in 2019.