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(World Oil) – Chevron has completed its $53 billion acquisition of Hess Corporation, having prevailed in an arbitration against ExxonMobil regarding Hess’ offshore Guyana assets, which had delayed the takeover for over a year. offshore operations in Guyana’s Stabroek block.
(World Oil) – SLB has successfully completed its previously announced $7.8 SLB remains on track to return $4 billion to shareholders in 2025 and expects to realize annual pretax synergies from the ChampionX acquisition of approximately $400 million within the first three years post-closing through revenue growth and cost savings.
The Iraqi Drilling Company (IDC) has announced the completion of drilling and rehabilitation operations on 113 oil wells during the first half of 2025. Source: Ministry of Oil) The post Iraqi Drilling Company completes 113 Oil Wells in H1 2025 first appeared on Iraq Business News. By John Lee.
data center; NATIONAL: Energy leaders warn of power shortfall in AI competition, urge swift action; Sunnova’s Enron-ish ending; Made-for-court climate study completely fails science gold standard; Natural gas – the workhorse of American energy dominance.
The first quarter of 2025 has seen a remarkable surge in oil and gas mergers and acquisitions (M&A) within the upstream oil and gas sector, with transactions totaling $17 billion. Conclusion The M&A landscape in 2025 presents both challenges and opportunities for small to medium-sized upstream operators.
has completed the first berthing and discharge operation at the Dabhol LNG terminal. has completed the first berthing and discharge operation at the Dabhol LNG terminal. The company welcomed the vessel GAIL Bhuwan at the facility following the completion of the breakwater project, GAIL said in a media release. MMTPA to 6.3
Brent Crude $68.75 -0.77% Natural Gas $3.32 -6.98% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS USA EIA Reveals Latest USA Crude Oil Production Forecast by Andreas Exarheas | Rigzone Staff | Monday, July 21, 2025 | 8:27 AM EST The U.S. million barrels per day across 2025 and 2026. million barrels per day of the total 2025 U.S.
From triple-frac mega pads to fully automated completions, here are the top five trends defining hydraulic fracturing in 2025: 1. Triple-Frac Efficiency: Chevron’s Breakthrough Chevron is scaling a triple-frac strategy in the Permian, completing three wells simultaneously. The result?
Brent Crude $66.90 +0.65% Natural Gas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Vermilion Energy Completes Exit from USA with Asset Divestment by Rocky Teodoro | Rigzone Staff | Monday, June 09, 2025 | 8:00 AM EST The company said it expects the transaction, which has an effective date of January 1, to close in the third quarter.
In its Q2 2025 earnings report, the Appalachian-focused operator highlighted a 22-quarter streak of free cash flow (FCF) generation, strengthened operational performance, and bold ESG transparency initiatives that are setting new industry standards. Bcf of Remediated Mine Gas (RMG), and expects to process 17–18 Bcf of RMG in 2025.
This year’s conference will occur August 17-20, 2025, at T he Westin Denver Downtown. The presenting company lineup as of June 18, 2025, includes: Advantage Energy (TSX: AAV) Amplify Energy (NYSE: AMPY) Anschutz Exploration Armstrong Oil & Gas APA Corp. Conference Dates: August 17–20, 2025. Benefitting IN!
New well permit activity in the Permian Basin is showing signs of a notable pullback in 2025. Period New Well Permits Jan–June 2024 4,551 Jan–June 2025 3,828 (incl. Rig Activity Also Contracting Several major Permian operators have already announced rig reductions or more selective drilling programs in 2025. That’s a 15.9%
Previously owned by bp plc , this deal marked IKAV’s entry into the conventional energy market. Both acquisitions are expected to close during the third quarter of 2025, with an effective date of April 1, 2025. October 2024: Closed two deals totaling $136 million, expanding its Anadarko Basin and Ardmore Basin holdings.
(World Oil) – Nigerian energy company Green Energy International (GEIL) has completed the development of the Otakikpo onshore terminal, situated in OML 11 near Port Harcourt. By March 2025, the facility began injecting crude, with GEIL’s production averaging 5,000 bpd.
The five-year agreement is set to commence in 3Q 2025, marking another significant milestone in ADNOC Drilling’s evolution as a fully integrated technology-enabled energy services company. The economic and financial impact of this contract further reaffirms the 2025 guidance and the 2026 revenue guidance.
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. Liquids” includes crude oil and NGLs.
Matador Resources Company (NYSE: MTDR) has once again proven its operational and financial strength with a record-breaking second quarter in 2025. Matador’s operational efficiency continues to shine, with drilling and completion costs averaging just $825 per completed lateral foot and lease operating expenses at $5.56
Matador Resources (NYSE: MTDR) is navigating 2025 with a strategy that blends operational discipline, innovation, and balance sheet strength. After a strong first half marked by record production, strategic divestitures, and a major midstream expansion, here are five key trends to watch as Matador moves through the second half of 2025.
wells), and applying AI to extract common themes, here are the top five trends transforming oil & gas strategy for the remainder of 2025. Operational Innovation: Doing More with Less From drilling to completions, the U.S. Devon Energy improved completions efficiency by 12%. It’s no longer about chasing barrels at any cost.
In liquefied petroleum gas (LPG), production rose from 2 million tonnes in 2024 to 3 million tonnes in 2025. Exports also surged from 250,000 tonnes in 2023 to 1 million tonnes in 2025. LPG systems were installed in over 41,000 homes and more than 38,000 vehicles.
According to our analysis, 24 drilling rigs that were active in the Midland region during 2024 have not returned to drill in 2025 — a clear signal that the slowdown is real and gaining momentum. For the week ending June 28, 2025 , the total U.S. This localized drop mirrors national trends.
Oilfield Technology’s May/June 2025 issue The May/June 2025 issue of Oilfield Technology includes articles on emissions monitoring, the challenge of high-frequency torsional oscillation, flow control, drilling difficult wells, and digital collaboration platforms. Please sign in or register for free.
Range Resources issued its second quarter 2025 update on Wednesday. 2Q25 drilling and completion expenditures were $136 million. Range’s production averaged 2.20 Bcfe/d, approximately 68% natural gas. Range drilled ~285,000 lateral feet across 20 wells, while turning to sales ~156,000 lateral feet across 12 wells.
producers slowing their drilling and completion activity this year. million barrels per day in the second quarter of 2025 to less than 13.3 million b/d in both 2025 and 2026.” In its Short-Term Energy Outlook released Tuesday, EIA said, “Declining oil prices have contributed to U.S. As a result, we forecast U.S.
June 23, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. While some experts expect a short conflict and easing prices, others warn a complete shutdown of the strait could send oil prices soaring to $120-$130 per barrel, hurting global consumers.
The Unconventional Resources Technology Conference (URTeC) 2025 wrapped up in Houston last month, and our team returned with mixed impressions. The AI Buzz: Still Searching for Signal Artificial intelligence dominated the conversation at URTeC 2025, appearing in more technical presentations than ever before. The real showstopper?
As we move into the second half of 2025, Coterra Energy (NYSE: CTRA) is positioning itself for disciplined growth, operational efficiency, and long-term value creation. Capital Discipline and Free Cash Flow Generation Coterra continues to execute on its promise of capital discipline : Revised 2025 Capex: $2.0B–$2.3B
What happened between 2024 and 2025 wasn’t gradual adoption—it was transformation. In 2025, only 23% still do. The numbers don’t lie: reservoir engineering just crossed a line it can’t uncross. In twelve months, the industry moved from cautious AI experimentation to operational necessity. Our survey of over 150 U.S.-based
” It has been an industrious year to date for Mermaid, which recently announced the safe and successful completion of a scale inhibitor treatment on the Teal P2 well, part of the Anasuria Cluster in the Central North Sea. Also conducted from the Island Valiant vessel, this time on behalf of Anasuria Operating Co.
As we enter the second half of 2025, Chevron Corporation (NYSE: CVX) is sharpening its strategic focus across shale, LNG, and energy innovation. Even with Q1 2025 rig activity down 24% year-over-year, production rose 12%—thanks to techniques like triple-frac completions , longer laterals, and automation.
Image by Petmal via iStock TotalEnergies SE said Wednesday it had completed the purchase of a 50 percent stake in AES Corp.’s As of the end of the first quarter of 2025, TotalEnergies had 28 GW gross installed renewables capacity, according to the company. To contact the author, email jov.onsat@rigzone.com WHAT DO YOU THINK?
The company said in a media release it completed a $175 million JOLCO lease financing, which generated net proceeds of approximately $42 million, extending debt maturity to 2035 and reducing the cost of debt by 1.5 Flex LNG said it remains on track to complete the refinancing of Flex Resolute and Flex Constellation in the second half of 2025.
Khalda Petroleum, a joint venture (JV) between the Egyptian General Petroleum Corporation (EGPC) and Apache Corporation, is bringing two new wells into production in June 2025, with an initial estimated total of 5,400 barrels of crude oil per day (bbl/d). Khalda completed drilling operations for the Fox Deep-02 appraisal well.
Publisher’s Note: Eni will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. The completion of the transaction is subject to customary regulatory approvals. Register to attend. billion (12 billion euros). (Oil billion (12 billion euros).
The company now sees sequential margins in its fracking business — known as the completion and production division — narrowing by 150 to 200 basis points in the third quarter. Multiple operators, even large and established customers, are now planning meaningful schedule gaps in the second half of 2025,” Miller said.
has completed the sale of its producing oil and gas assets in Greater Angostura in Trinidad and Tobago to Perenco Group for AUD 206 million ($135.18 Image by ssuaphoto via iStock Woodside Energy Group Ltd. 700K Industry Pros can’t be wrong. 700K Industry Pros can’t be wrong.
(Oil & Gas 360) – Publisher’s Note: Advantage Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. HOUSTON, July 22, 2025 (GLOBE NEWSWIRE) — Amplify Energy Corp. Register to attend.
Austin, Texas (May 28, 2025) — Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, successfully concluded its annual EVOLVE Conference, held May 12–15 in Houston, Texas. The dashboards are very easy to use and it’s the most complete database for our U.S. operating companies.
2025 progresses, APA Corporation (NASDAQ: APA) is sharpening its focus on operational efficiency, disciplined capital deployment, and portfolio optimization. With the Permian Basin at the heart of its strategy, APA continues to evolve in response to shifting commodity markets and investor demands for returns over volume.
Whitecap Resources and Veren have completed a CA$15 billion (US$10.43 billion) all-share merger, officially announced on May 12, 2025. Whitecap has revised its 2025 production guidance upward to 295,000–300,000 boe/d, with approximately 63% liquids. net) expected to come online in the second half of 2025.
As BPX Energy moves into the second half of 2025, the U.S. Rig Optimization: Despite fewer rigs (reduced from five to four), accelerated drilling speed and improved completion efficiency are keeping production targets intact. These assets are pivotal to boosting black oil production to a projected 100,000–120,000 bbl/d.
Publisher’s Note: Vermilion Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. The transaction has an effective date of January 1, 2025 and is anticipated to close in Q3 2025, subject to the satisfaction of other customary closing conditions.
billion in revenue for Q2 2025, alongside an adjusted EBITDA of $231 million. We see opportunities with our operational footprint, technology portfolio, and financial position to improve our market position in both drilling and completions,” said CEO Andy Hendricks. The company reported $1.2
billion, a 6% net increase, with new developments exceeding completed ones by nearly 2-to-1 in dollar terms. Institutional ownership also supports the stock, with institutions holding more than 60% of shares and ramping up buying activity in 2025. The company’s project backlog grew to $9.3 dividend yield.
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