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(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. Unlocking new E&P markets A slate of discoveries in recent years have opened up new oil and gas plays across the continent.
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. Producers last month also paid $227 million to the state in natural gas production taxes, up 26 percent from May 2024.
from 2018-2024. netherlandsewell.com Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream, and downstream sectors as well as power and renewables.
netherlandsewell.com Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream, and downstream sectors as well as power and renewables. London, Mexico City, and Shanghai.
This report analyzes upstream oil and gas production trends over the last three years, based on data from Rextag Energy DataLink. in 2024 , indicating a return to growth. State Oil (MMBBL) Gas (BCF) Texas 1,240 MMBBL 1,377 BCF New Mexico 493 MMBBL 391 BCF Pennsylvania 2.41 in 2023 , then increasing by 1.3%
(Oil Price) –Natural gas producer EQT Corporation has agreed to buy upstream and midstream assets of Olympus Energy for $1.8 At the end of 2024, EQs Rice said he was bullish on the short and long-term gas demand prospects as power utilities scramble to provide electricity to the new data centers.
Below we summarize recent (2024–2025) drilling activity, budget allocations, and production volumes in Oklahoma (primarily the Anadarko Basin and related plays) for six companies: Ovintiv , Mach Natural Resources , Devon Energy , Coterra Energy , Continental Resources , and Mewbourne Oil Company. In Q4 2024 , Mach’s production averaged 86.7
billion in the first quarter of 2024. billion for the same period of 2024. Upstream earnings increased by $1.1 The other supermajor, Chevron, also reported its Q1 earnings today, meeting analyst expectations as its refining business returned to profit from a loss in the fourth quarter of 2024. billion, down from $8.2
Fieldwood Energy elev su produccin en Ichalkil y Pokoch a 11,500 barriles diarios en enero de 2025, con planes de perforacin e inversin de 523.24M USD este ao. Fieldwood Energy E&P Mxico ha logrado un aumento significativo en la produccin de crudo en los campos Ichalkil y Pokoch, alcanzando 11,500 barriles diarios en enero de 2025.
netherlandsewell.com Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream, and downstream sectors as well as power and renewables. London, Mexico City, and Shanghai.
Presentation opportunities are available for E&P, Midstream, OFS, Minerals, and Energy Transition companies Sponsorship opportunities are available for companies seeking to increase their marketplace awareness DENVER March 4, 2025 EnerCom, Inc. London, Mexico City and Shanghai.
upstream M&A reaching $105 billion in 2024the third highest as recorded by Enverusthe market shows no signs of slowing down, with high price tag deals being driven by the scarcity of high-quality inventory. Operators can turn to resource expansion opportunities that exist outside of core shale basins.[6] 7] Acquire gas assets.
Rapid Growth of Data Analytics Segment: The Lease Agreement is expected to deliver approximately $14 million in high-margin rental revenue to Flotek during 2025, representing a 60% increase in segment revenue, as compared to 2024. million generating segment operating income estimated to exceed Flotek’s total adjusted EBITDA (1) in 2024.
Presentation opportunities are available for E&P, Midstream, OFS, Minerals, and Energy Transition companies Sponsorship opportunities are available for companies seeking to increase their marketplace awareness DENVER March 4, 2025 EnerCom, Inc. London, Mexico City and Shanghai.
British Columbias upstream oil and gas sector has seen a surge in well permitting activity over the last few yearsbut drilling activity hasnt kept pace. For example: Ovintiv Canada ULC holds 93 permits from 2024 alone with no recorded drilling activity. The result? Who Holds the Backlog? PETRONAS Energy Canada Ltd.
netherlandsewell.com Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream, and downstream sectors as well as power and renewables. London, Mexico City, and Shanghai.
It has made four oil and gas discoveries, all in Block 52: Sloanea-1 in 2020, Roystonea-1 in 2023 and Fusaea-1 and Sloanea-2 in 2024. In March 2024, Staatsolie and the Block 52 partners agreed to further explore the Sloanea area for potential gas production, leading to the Sloanea-2 discovery. Paradise Oil Co. Exxon Mobil Corp.
holding a 60% working interest, with TotalEnergies E&P USA, Inc. Since mid-2024, the company has brought online several major assets: Anchor Project Chevrons industry-first high-pressure project, also in the deepwater Gulf Whale Project A non-operated deepwater development brought online successfully Tahiti and Jack/St.
Below, we break down Q1 2025 reports from Equinor , BP , Hess , and Northern Oil and Gas (NOG) , with a side-by-side comparison of production and net income, and a clear snapshot of how they stacked up against Q1 2024. This represents a slight decline compared to 2,164 mboe/d in Q1 2024 a decrease of about 1.9%.
In 2024, investment rose by about $3 billion year-on-year to reach $299 billion, OPEC said. In the report, OPEC said it expected investment in exploration and production outside OPEC+ in 2025 to decline by about 5% year-on-year.
In 2024, investment rose by about $3 billion year-on-year to reach $299 billion, OPEC said. In the report, OPEC said it expected investment in exploration and production outside OPEC+ in 2025 to decline by about 5% year-on-year.
Despite the headwinds, Auchincloss highlighted BPs highest upstream operating efficiency in the history of the business, which included the best refinery availability in more than 20 years. Keeping operations online, which was not always the case in 2024, will be key to helping deliver a turnaround.
The Chinese economy struggled throughout 2024 despite government stimulus to try to jump start growth. In 2024, the wave of acquisitions continued. From an equity standpoint, the recent sales have increased the need to fund new upstream and midstream companies. And then theres China to consider.
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