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African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360º

Libyas NOC is working with IOCs Repsol, bp, TotalEnergies, ConocoPhillips and more to increase output to two million barrels per day (bpd). mtpa Coral South FLNG project has been operating since 2022 while ExxonMobil plans to make FID on Rovuma LNG in 2026.

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Texas oil and gas jobs increased in May despite market turmoil, new report says

Oil & Gas 360º

million barrels per day in the second quarter of 2025. million bpd through the end of the year, and dip slightly below that amount in 2026, said EIA analysts. Additionally, TIPRO points to recent data from the U.S. Energy Information Administration (EIA) showing domestic crude oil production reached an all-time high of 13.5

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Viper’s Royalty Model: Worth a Look

Permian Basin Oil and Gas Magazine

Viper SWOT Viper Energy delivers strong operational results, with Q1 2025 oil production of 31,311 barrels per day and industry-leading gross profit margins of 92.92 Its royalty-focused, asset-light model stands out versus traditional E&Ps like Diamondback, offering high efficiency and lower risk. The upcoming $4.45

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Chevron to cut nearly 800 jobs in Texas Permian basin

Oil & Gas 360º

Chevron is undergoing one of the biggest restructurings in its modern history and announced plans to reduce its global workforce by as much as 20%, or 9,000 people, by the end of 2026.

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Chevron Aims for 300K Barrels/Day in Gulf – Ballymore Adds First 75K

Rextag

The Ballymore development is designed to produce up to 75,000 gross barrels of oil per day from three production wells, all connected via a subsea tieback to Chevrons existing Blind Faith facility, located approximately three miles from the well site. holding a 60% working interest, with TotalEnergies E&P USA, Inc.

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IEA sees oil demand growth slowing on economic headwinds

Oil & Gas 360º

World oil demand rose by 990,000 barrels per day (bpd) in the first quarter of 2025. The estimate for full-year 2026 demand growth is also close to the 2025 forecast and to last months already slashed projections760,000 bpd. Last months projection was slashed by 300,000 bpd from IEAs forecast from March, following the U.S.

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Chevron starts oil production from Ballymore Project in Gulf of America

Oil & Gas 360º

Ballymore, the latest in a series of Chevron projects to start up in the past year, represents another step towards the companys goal to produce 300,000 net barrels per day of oil equivalent from the Gulf in 2026. Co-owner TotalEnergies E&P USA, Inc. Malo facilities. Chevron subsidiary Chevron U.S.A.

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