Oil Review Middle East

JUNE 11, 2025

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%. Of this, 40% is dedicated to slowing down production declines at existing fields. Around US$2.2 trillion going to oil, natural gas and coal.

Upstream 59

Upstream Natural Gas Oil Energy 59

Rigzone: News

FEBRUARY 3, 2025

Exxon's worldwide upstream earnings in 2024 were $25.390 billion, according to the company's latest results statement.

Upstream 52

Upstream 52

Mees

MARCH 14, 2025

Oman state upstream firm OQEP saw its net output dip to 225,000 b/d for 2024 but eyes a rebound this year on the back of capacity expansion at its key Block 60.

Upstream 59

Upstream IT 59

Rextag

MARCH 11, 2025

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%

Basin 59

Basin BCF Upstream Operator 59

Oil & Gas Magazine

JUNE 17, 2025

La baja actividad también es notoria: de los 59 equipos de perforación operativos en 2024, solo 26 trabajaron en el primer trimestre de 2025. Garantizar pagos regulares en 2025.

Upstream 115

Upstream 115

Oil & Gas Magazine

MAY 29, 2025

Recordemos que Shell Nigeria es el operador del contrato de suministro de petrleo en este yacimiento y actualmente tiene su produccin a travs del buque flotante de produccin, almacenamiento y descarga (FPSO) Bonga y anunci el desarrollo del campo Bonga Norte en diciembre de 2024.

Upstream 102

Upstream Exploration and Production 102

Oil & Gas 360º

APRIL 4, 2025

Exxons earnings in the upstream segment could be up to $900 million higher in the first quarter compared to the fourth quarter of 2024, due to higher oil and gas prices and timing effects, the supermajor said in an SEC filing. Following significant declines at the end of 2024, U.S. EPS for the fourth quarter of 2024.

Oil 130

Oil Upstream Natural Gas Gas 130

Oil Gas Leads

MAY 2, 2025

upstream growth, driven by advantaged assets like the Permian Basin, is central to the companys long-term performance. Upstream Results: Permian Power ExxonMobils U.S. upstream earnings jumped to $1.87 billion in Q1 2024. Upstream Results: Permian Power ExxonMobils U.S. upstream earnings jumped to $1.87

Upstream 52

Upstream Basin Consulting Engineer 52

Energy Central

MAY 12, 2025

ConocoPhillips’ Q4 2024 performance underscores the operational and strategic complexities facing major upstream players in today’s energy landscape. Despite headwinds from declining commodity prices and rising costs, the company demonstrated resilience through stable operating cash flow and disciplined capital deployment.

Upstream 52

Upstream Operator Oil Energy 52

Oil Gas Leads

MAY 26, 2025

Year-to-Date Totals: 2024 (JanMay) : 1,879 permits 2025 (JanMay, including forecast) : 2,176 permits Change : +15.8% Together, these infrastructure milestones are reshaping market access and incentivizing upstream investment, especially in gas-weighted plays tied to global LNG demand.

Natural Gas 52

Natural Gas Upstream Midstream Gas 52

Oil & Gas 360º

APRIL 11, 2025

Reported upstream production in the first quarter is expected to be lower compared to the prior quarter, with oil production slightly higher and gas and low-carbon energy output lower, including announced divestments in Egypt and Trinidad completed towards the end of prior quarter, BP said in a Q1 trading statement on Friday.

Natural Gas 130

Natural Gas Gas Upstream Oil 130

Oil & Gas 360º

MARCH 24, 2025

(Oil Price) –Surging power demand in both developed and emerging economies accelerated global energy demand growth in 2024 to nearly twice the pace of recent years, the International Energy Agency (IEA) said on Monday. in 2024, which was much faster compared to the average annual energy demand growth of 1.3%

Energy 130

Energy Energy BCM Natural Gas 130

Oil & Gas 360º

APRIL 23, 2025

(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.

Midstream 130

Midstream Energy Energy Upstream 130

Oil Gas Leads

JUNE 11, 2025

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

Operator 52

Operator Gas Oil Basin 52

Oil & Gas 360º

MAY 2, 2025

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

Basin 130

Basin Upstream Oil Offshore 130

Oil Gas Leads

APRIL 24, 2025

Canadas oil and gas sector remained resilient in 2024, with several operators reporting record-breaking production volumes. The data reflects both oil and gas output, offering a high-level look at market leaders, operational growth, and emerging trends in Canadian upstream development. 102,012 bbl/d (bitumen) SOR of 2.39

Gas 52

Gas Oil Exploration and Production Basin 52

Novi

MAY 31, 2024

Aethon has agreed to purchase Tellurians upstream assets for (US) $260MM below street estimates, which ranged from $270MM to $500MM. Despite the market’s dislike of the purchase price, Tellurians upstream assets were in the middle of the pack. The deal is good for the company despite the market reacting poorly to the sale price.

Upstream 52

Upstream BCF Basin Engineer 52

Oil & Gas Magazine

MAY 5, 2025

Despus de la adquisicin de Pioneer Natural Resources en 2023, ExxonMobil espera un potencial de flujo de caja operativo de 25 mil millones de dlares a precios y mrgenes constantes para 2030 ExxonMobil anunci que espera una produccin Upstream en 2030 de aproximadamente 5.4

Upstream 95

Upstream 95

Rigzone

JUNE 20, 2025

The Ahara license, awarded under the North African country’s 2024 bidding round, sits at the “intersection of the prolific Berkine and Illizi Basins”, TotalEnergies said in a press release. Ahara marks QatarEnergy’s entry into Algeria’s upstream sector, QatarEnergy said separately.

Exploration and Appraisal 62

Exploration and Appraisal Exploration and Production Field Basin 62

Oil Gas Leads

APRIL 9, 2025

increase in drilling records compared to the same period in 2024. Delaware Q12024 vs Q12025 Comparison Key Takeaways: Drilling Records : Q1 2024 : 809 records Q1 2025 : 962 records This notable rise reflects continued momentum in upstream investment and drilling operations, particularly in major producing basins.

Basin 52

Basin Operator Oil Gas 52

Energy Central

AUGUST 24, 2023

The Society of Petroleum Engineers' Oilfield Scale Symposium has become recognised as one of the world's leading gatherings for industry professionals and academics involved in the development, implementation and monitoring of controls applied to mitigate oilfield scale in upstream oil and gas production.

Upstream 52

Upstream Petroleum Engineer Engineering 52

Rigzone: News

JANUARY 12, 2025

Norway's natural gas output set a new record in 2024 with 124 billion standard cubic meters sold, according to the country's upstream regulator.

Gas 52

Gas Upstream Natural Gas 52

Oil & Gas 360º

JUNE 19, 2025

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.

Energy 130

Energy Energy Exploration and Production E&P 130

RBN Energy

APRIL 25, 2025

The record $120 billion upstream M&A spending spree in 2024 focused on the consolidation of Permian Basin positions by the major U.S. publicly traded oil and gas companies.

E&A 72

E&A BBL Crude Oil Upstream 72

Oil & Gas 360º

MAY 8, 2025

All in all, were looking at refining margins for the first-quarter of this year that are better than 2024, even as upstream margins weaken and the industry at large expresses concern over a cooling global oil demand outlook.

Oil 130

Oil Maintenance Upstream Midstream 130

Oil Gas Leads

JUNE 20, 2025

Permian Basin Account Directory – $10 Buy Now Includes: Account name, phone, address, website, wells drilled… Power Load: 4 GW Added in Just 3 Years Between 2021 and 2024 , Texas saw a 4 gigawatt (GW) increase in average power demand— virtually all of it tied to Permian electrification. Breaking Down the 7.5

Basin 52

Basin Midstream Energy Energy 52

Novi

JULY 19, 2024

At the beginning of March-2024, half of US horizontal wells production came from wells brought online in the previous 18 months. Uinta operated horizontal oil production over time (top eight operators only) Technical Presentations and Innovations The technical programs at URTeC 2024 were particularly impressive.

Exploration and Production 52

Exploration and Production Basin Operator Oil 52

Oil Gas Leads

JUNE 18, 2025

A Strategic Pipeline Transfer The acquisition was effective as of July 10, 2024 , and documented via a new T-4 permit submission by WBI Midstream. The company is a key player in bridging upstream gas production with downstream markets. miles of unregulated gathering lines 10.50

Midstream 52

Midstream Pipeline Infill Drilling Basin 52

Oil & Gas Magazine

JUNE 16, 2025

La negativa de Pemex a saldar adeudos de 2024 prolonga la crisis del sector petrolero. Con más de 500 mil millones de pesos en adeudos no facturados correspondientes al ejercicio 2024, y sin una fecha clara de pago, el sector empresarial vinculado a la industria petrolera vive una prolongada agonía financiera.

Upstream 122

Upstream 122

Valor

JUNE 16, 2025

Canada added 2 rigs to 114 (gas +2 to 46), but remains 29 below 2024 levels. The deal would give ADNOC Asia-Pacific LNG assets (Santos produced 5Mtpa in 2024, could reach 8Mtpa) but faces FIRB scrutiny over energy security concerns. Read more Baker Hughes reports U.S. rig count down 4 to 559 rigs Summary : U.S.

Energy 52

Energy Energy Field Gas 52

Enverus

JUNE 3, 2025

Viper, which is affiliated with upstream operator Diamondback Energy, has turned to an unusually active spree of deals to create a public mineral company with differentiated scale compared to peers. He specializes in deal analysis, research and valuations for upstream assets and tracks industry M&A trends and outlooks.

Royalty 130

Royalty Basin Royalty Interest Upstream 130

Oil & Gas 360º

JUNE 11, 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.

Energy 130

Energy Energy Management E&P 130

Oil & Gas Magazine

MARCH 11, 2025

millones en 2024. El futuro de Zama depende de la decisin final de inversin, que ha sido pospuesta desde 2024. Sin embargo, Sheinbaum ha sealado su intencin de atraer ms inversin privada para estabilizar la produccin nacional en 1.8 millones de barriles diarios. millones de barriles diarios a menos de 1.8

Energy 117

Energy Energy Upstream 117

Oil & Gas Magazine

JUNE 11, 2025

En mayo de 2025, Pemex entregó 16,407 millones de pesos (mmdp) por concepto del Derecho Petrolero para el Bienestar (DPB), lo que representa una disminución del 21.3 % en comparación con mayo de 2024 , cuando la contribución fue de 20,863 mmdp.

Upstream 105

Upstream 105

Oil & Gas Magazine

APRIL 30, 2025

Petrleos Mexicanos (Pemex), la petrolera ms endeudada del mundo, cerr 2024 con una deuda de 97,600 millones de dlares, lo que no solo agrava su ya complicada situacin financiera, sino que tambin comienza a afectar seriamente a sus principales socios internacionales.

Upstream 118

Upstream 118

Oil & Gas Magazine

MARCH 12, 2025

mil millones de pesos en el ltimo trimestre de 2024, representando un incremento del 25.6% Respuesta de Pemex El director de Finanzas de la petrolera, Juan Carlos Carpio , afirm que en 2024 se realizaron pagos por 404,454 millones de pesos y que se intensificarn los esfuerzos en 2025 para reducir la deuda con proveedores.

Upstream 105

Upstream 105

Oil & Gas 360º

MARCH 10, 2025

(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.

E&P 130

E&P Exploration and Production Oil Field 130