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Chevron completes $53 billion Hess takeover following lengthy Exxon arbitration

Oil & Gas 360º

(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.

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SLB completes $7.8 billion ChampionX acquisition

Oil & Gas 360º

(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.

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Iraqi Drilling Company completes 113 Oil Wells in H1 2025

Iraq Business News: Oil & Gas

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.

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MDN’s Energy Stories of Interest: Wed, Jul 16, 2025 [FREE ACCESS]

Marcellus Drilling News

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.

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Navigating the M&A Landscape in 2025: Insights for Small to Mid-Sized Upstream Operators

Enverus

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.

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GAIL Completes First LNG Discharge at Dabhol

Rigzone

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

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USA EIA Reveals Latest USA Crude Oil Production Forecast

Rigzone

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.

Crude Oil 101