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African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360º

Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront. Algerias Sonatrach will increase hydrocarbon production by 2.5% Negotiations are underway with ExxonMobil and Chevron to boost exploration.

E&P 130
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Upstream M&A reached $17 billion in Q1 2025, Enverus says

Oil & Gas 360º

“Upstream deal markets are heading into the most challenging conditions we have seen since the first half of 2020. . “Upstream deal markets are heading into the most challenging conditions we have seen since the first half of 2020. However, activity was disproportionately driven by one company, Diamondback Energy.

Upstream 130
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Upstream M&A sails to $17 billion in 1Q25

Enverus

Upstream deal markets are heading into the most challenging conditions we have seen since the first half of 2020. The private equity sponsored E&P was able to garner such a large premium for its land because high consolidation over the last few years has left few attractive private companies for the public E&Ps to target.

Upstream 162
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Overturning 8 Years of “Palpable Error,” The Louisiana Supreme Court Limits Damages Available to Landowners in Oilfield Legacy Litigation

The Energy Law

The “ LL&E II ” decision finds that Act 312 charges the court, not the jury, to determine the funding needed to remediate property to government standards. Louisiana Land and Exploration Co., 2020-00685 (La. 3d — (“ LL&E II ”). [1]. Background of Legacy Litigation and LL&E I . LL&E II , at *2.

E&A 105
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Petronas Gets New Block offshore Suriname

Rigzone

Image by Leonid Andronov via iStock Malaysia’s national oil and gas company has expanded its footprint in Suriname with the signing of a production sharing contract (PSC) for a deepwater block next to several discoveries. Petroliam Nasional Bhd.’s square miles). Paradise Oil Co.

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Strategies for Operators to Stay Ahead in a Hot M&A Market

Enverus

1] In order for private and mid-sized operators to stay competitive in todays market, operators should explore opportunities in less consolidated basins, consider joint ventures or position themselves as attractive acquisition targets. 1] A high price for an asset in the Permian is no surprise, as high-quality inventory is scarce.

Operator 130
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ConocoPhillips announces Bill Bullock to retire after 39 years with the company

Oil & Gas 360º

Bill began his career with Conoco in 1986 and held numerous engineering, operations, commercial, and business development roles of increasing responsibility before joining the companys executive leadership team in 2018 and becoming chief financial officer in 2020.

E&P 130