article thumbnail

Upstream M&A hits the brakes, slowing to $14 billion

Enverus

Calgary, Alberta (July 23, 2025) — Enverus Intelligence Research (EIR), a subsidiary of Enverus , the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is releasing its summary of 2Q2025 upstream M&A activity and outlook for the rest of the year. EQT is one example, buying Olympus Energy for $1.8

Upstream 130
article thumbnail

Japan’s Tokyo Gas eyes long-term U.S. LNG supply deals amid rising demand

Oil & Gas 360º

Tokyo Gas is also expanding into upstream U.S. The company bought shale driller Rockcliff Energy in late 2023 and has reshuffled other U.S. Tokyo Gas is also expanding into upstream U.S. The company bought shale driller Rockcliff Energy in late 2023 and has reshuffled other U.S. LNG from the U.S. gas production.

Gas 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Texas oil and gas jobs increased in May despite market turmoil, new report says

Oil & Gas 360º

Bureau of Labor Statistics (BLS), the Texas Independent Producers and Royalty Owners Association (TIPRO) has highlighted new employment figures showing an increase in upstream employment in Texas in the month of May. million bpd in 2024, 2 percent more than the previous record set in 2023. oil production is forecasted to average 13.4

Gas 130
article thumbnail

Texas Supreme Court rules produced water belongs to mineral lessee

Permian Basin Oil and Gas Magazine

COG Operating announced June 27 resolves a contentious dispute between surface estate owners and mineral estate holders “with far reaching implications for the water midstream sector and upstream oil and gas industry.”

article thumbnail

Nigeria’s GEIL exports first crude from new onshore terminal

Oil & Gas 360º

The company broke ground on the construction of the facility in February 2023, with the development of storage facilities and the associated pipeline advancing in February 2024.

Field 130
article thumbnail

The Iberian green industrial opportunity: Carbon capture and storage

McKinsey

“ETS database v51,” European Environment Agency, May 2023. 2 “Commission decision (EU) 2023/1575 of 27 July 2023 on the union-wide quantity of allowances to be issued under the EU Emissions Trading System for 2024,” Official Journal of the European Union , July 31, 2023. ” European Commission, January 2023.

article thumbnail

TotalEnergies, QatarEnergy Win Exploration License in Algeria

Rigzone

Ahara marks QatarEnergy’s entry into Algeria’s upstream sector, QatarEnergy said separately. In 2023 TotalEnergies and Sonatrach signed an agreement to raise gas production in the Tin Fouye Tabankort II and Tin Fouye Tabankort Sud fields in the south of Algeria. That extension involves two million metric tons of LNG.