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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.
Brent Crude $66.90 +0.65% Natural Gas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS CNOOC Announces Seventh Upstream Startup in Chinese Waters This Year by Jov Onsat | Rigzone Staff | Monday, June 09, 2025 | 3:37 AM EST Weizhou 5-3 is expected to reach a peak output of about 10,000 bpd next year. feet) deep.
(World Oil) – Enverus Intelligence Research (EIR), a subsidiary of Enverus, is releasing its summary of 1Q2025 upstream M&A activity and outlook for the rest of the year. Upstream M&A opened 2025 with $17 billion in deal value, the second-best start to a year since 2018.
Calgary, Alberta (April 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 1Q2025 upstream M&A activity and outlook for the rest of the year.
As the upstream oil and gas sector faces mounting pressure from rising costs and dwindling Tier 1 inventory, the need for smarter, faster and more efficient development strategies has never been greater. ¹ Here are four key ways AI is revolutionizing acreage strategy for upstream operators. Watch Now 2. To learn more, click here. [1]
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!
Portugal-based energy company Galp expects its oil production in Brazil to jump by 40% in the coming years as a new major field is set to begin production later in 2025, Nuno Bastos, EVP Upstream, has said. The Portuguese firms production in Brazil is about 110,000 barrels of oil equivalent per day (boepd) at present.
Natural gas producer EQT Corporation has agreed to buy upstream and midstream assets of Olympus Energy for $1.8 billion based on the 20-day volume-weighted average price as of April 21, 2025, and $500 million in cash, as adjusted pursuant to customary closing purchase price adjustments, EQT said in a press release.
is pleased to announce its lineup of unparalleled networking opportunities at the upcoming EnerCom Denver – The Energy Investment Conference to be held August 17-20, 2025, at the Westin Denver Downtown in Denver, Colorado. Early registration for all other attendees is $500 until June 30, 2025, for the three-day event.
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.
Lower upstream spending amid falling oil prices is set to slow the growth in oil supply from producers outside the OPEC+ pact this year and next, OPEC said in its monthly report on Wednesday.
June 16, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. The system shares data with Texas’ Utilities Commission to identify critical infrastructure under SB 3/HB 3648 laws, linking upstream production to power plants.
EOG expects it to be immediately accretive to all per-share metrics, including a 10% boost to 2025 EBITDA and a 9% increase in both cash flow from operations and free cash flow. Implications for the Wider M&A Market This transaction is significant not just for EOG, but for the entire upstream M&A landscape.
Cypre is one of BPs 10 major projects expected to start up worldwide between 2025 and 2027, announced as part the reset strategy to grow upstream production.
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%. Global refinery investment in 2025 is set to fall to its lowest level in the past 10 years.
Por parte de Vinicio Suro de Hokchi Energy en exclusiva para el CNP 2025 declar que el total de la produccin que queda despus de los puntos establecidos por las leyes secundarias es un total de 54% para el participante o socio de Pemex.
ExxonMobils first-quarter 2025 results reveal a clear narrative: U.S. 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 2025 , a sharp increase from $1.05
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.
La Asociación Mexicana de Empresas de Servicios Petroleros (AMESPAC) lanzó una severa advertencia: si no se resuelve el problema de pagos con Petróleos Mexicanos (Pemex), muchas empresas proveedoras podrían suspender operaciones a partir de julio de 2025. Garantizar pagos regulares en 2025.
EnerCom) is pleased to announce a robust list of companies have already confirmed their attendance for the 30 th annual EnerCom Denver The Energy Investment Conference to be held August 17-20, 2025, at the Westin Downtown Denver. Conference Dates: August 1720, 2025. Benefitting IN!
today opened registration for its 30 th annual EnerCom Denver The Energy Investment Conference to be held August 17-20, 2025, at the Westin Denver Downtown. Conference Dates: August 1720, 2025. Companies interested in presenting can contact Larry Busnardo at lbusnardo@enercominc.com. Benefitting IN!
(Oil & Gas 360) – April 22, 2025 – For over 25 years, global petroleum consultancy Netherland, Sewell & Associates, Inc. The firm delivers high quality, fully integrated engineering, operational, geological, geophysical, petrophysical, and economic solutions for all facets of the upstream energy industry.
(Oil & Gas 360) – April 22, 2025 – For over 25 years, global petroleum consultancy Netherland, Sewell & Associates, Inc. The firm delivers high quality, fully integrated engineering, operational, geological, geophysical, petrophysical, and economic solutions for all facets of the upstream energy industry.
Shell company announced, in a statement , that its upstream production recorded 1.859 million barrels of oil equivalent per day (mmboe/d) during Q4 2024. In its statement, the company expects upstream production to range between 1.790 and 1.890 mmboe/d during Q1 2025.
Investors are encouraged to register for EnerCom Denver The Energy Investment Conference featuring a broad group of public and private energy companies at www.enercomdenver.com The 30 th annual EnerCom Denver The Energy Investment Conference to be held August 17-20, 2025, at the Westin Denver Downtown. Conference Dates: August 1720, 2025.
Investors are encouraged to register for EnerCom Denver The Energy Investment Conference featuring a broad group of public and private energy companies at www.enercomdenver.com The 30 th annual EnerCom Denver The Energy Investment Conference to be held August 17-20, 2025, at the Westin Denver Downtown. Conference Dates: August 1720, 2025.
today opened registration for its 30 th annual EnerCom Denver The Energy Investment Conference to be held August 17-20, 2025, at the Westin Denver Downtown. Conference Dates: August 1720, 2025. Companies interested in presenting can contact Larry Busnardo at lbusnardo@enercominc.com. Benefitting IN!
today opened registration for its 30 th annual EnerCom Denver The Energy Investment Conference to be held August 17-20, 2025, at the Westin Denver Downtown. Conference Dates: August 1720, 2025. Companies interested in presenting can contact Larry Busnardo at lbusnardo@enercominc.com. Benefitting IN!
today opened registration for its 30 th annual EnerCom Denver The Energy Investment Conference to be held August 17-20, 2025, at the Westin Denver Downtown. Conference Dates: August 1720, 2025. Companies interested in presenting can contact Larry Busnardo at lbusnardo@enercominc.com. Benefitting IN!
Pago a proveedores : Se han abonado 75 mil millones de pesos (18% del pasivo documentado), con la expectativa de concluir estos pagos en marzo de 2025. Perspectiva para 2025 Sheinbaum reafirm su compromiso con la reintegracin vertical de Pemex y su consolidacin financiera.
Cypre is one of BPs 10 major projects expected to start up worldwide between 2025 and 2027, announced as part the reset strategy to grow upstream production. In the upstream, BP will aim for 10 new major projects to start up by the end of 2027, and a further 810 projects by the end of 2030.
Quarterly net income of $1,288 million Cash flows from operating activities of $1,527 million and cash flows from operating activities excluding working capital1 of $1,760 million Quarterly Upstream production of 418,000 gross oil-equivalent barrels per day Kearl quarterly production of 256,000 total gross oil-equivalent barrels per day (181,000 barrels (..)
(Oil Price) –Natural gas producer EQT Corporation has agreed to buy upstream and midstream assets of Olympus Energy for $1.8 billion based on the 20-day volume-weighted average price as of April 21, 2025, and $500 million in cash, as adjusted pursuant to customary closing purchase price adjustments, EQT said in a press release.
Hacienda redujo la meta de produccin petrolera para 2025 a 1.762 millones de bpd. El Gobierno de Mxico redujo su estimacin de produccin de petrleo crudo para 2025 a 1.762 millones de barriles por da (bpd) , alejndose de la meta oficial de 1.8 Pemex enfrenta cada productiva, alta deuda y retos operativos persistentes.
Enverus Intelligence Research (EIR), a subsidiary of Enverus, an energy-dedicated SaaS company, released on April 23 its summary of 1Q2025 upstream M&A activity and outlook for the rest of the year. On top of that, upstream companies will now have to navigate significant headwinds from falling oil and equity values.
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.
Year-to-Date Totals: 2024 (JanMay) : 1,879 permits 2025 (JanMay, including forecast) : 2,176 permits Change : +15.8% The Trans Mountain Expansion (TMX) began shipping in Q2 2025, providing Alberta oil producers with direct access to tidewater and Asian markets, particularly China , where demand for heavy crude remains strong.
Read the latest issue of Oilfield Technology magazine for upstream news, project stories, industry insight and technical articles. Halliburton will provide subsurface technology, drilling and completion services, and digital solutions for major new developments.
Adnoc Drilling continues to capitalize on the UAEs ambitious upstream growth projects, with its Turnwell JV accelerating the emirates unconventional gas development. After signing nearly $5bn in contracts so far in 2025, the firm says it is just getting started.
This discovery in the deepwater Gulf of America/Gulf of Mexico underscores how bp is in action to step up investment in exploration and strengthen its upstream portfolio under the strategy reset announced in February 2025. bp expects to grow its global upstream production to 2.3 onshore and offshore regions by 2030.
EnerCom) is pleased to announce a robust list of companies have already confirmed their attendance for the 30 th annual EnerCom Denver The Energy Investment Conference to be held August 17-20, 2025, at the Westin Downtown Denver. Conference Dates: August 1720, 2025. Benefitting IN!
Equatorial Guinea is taking decisive steps to revitalize its upstream sector, with plans to launch a new licensing round in 2025 aimed at increasing exploration and production. With the global … Read More The post Equatorial Guinea Set to Boost Exploration by Attracting New Investors in 2025 appeared first on oilnewsafrica.
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