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

Oil & Gas 360º

Among the 19 specific industry sectors TIPRO uses to define the Texas oil and natural gas industry, Support Activities for Oil and Gas Operations led in the ranking for unique job listings in May with 1,972 postings, followed by Gasoline Stations with Convenience Stores (1,447) and Petroleum Refineries (824).

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Goldman Sachs lowers oil price forecast after OPEC+ decision to boost output

Oil & Gas 360º

(Investing) –Goldman Sachs reduced its oil price forecast following decisions by the Organization of the Petroleum Exporting Countries and its allies, OPEC+, to accelerate oil output increases, the bank said in a note dated Sunday. million barrels per day (mb/d), up from the previous estimate of 0.14 a barrel.

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CNOOC Announces Seventh Upstream Startup in Chinese Waters This Year

Rigzone

Weizhou 5-3 is expected to reach a peak output of about 10,000 barrels a day next year, the state-backed oil and gas explorer and producer said in an online statement Monday. The Caofeidian 6-4 adjustment project is expected to achieve 11,000 barrels of oil equivalent a day (boed) in peak production 2026. feet) deep.

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From West to East: Keyera Builds National NGL Corridor with Plains $5.15B Acquisition

Rextag

The transaction effectively establishes a fully connected NGL corridor stretching from Western Canada to Eastern Canada, with export connectivity via liquefied petroleum gas (LPG) terminals on the West Coast. Keyera Corp. assets, for a total cash consideration of C$5.15 billion (US$3.76 logistics components. About Keyera Corp. Keyera Corp.

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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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Goldman Sachs lowers oil price forecast after OPEC+ decision to boost output

BOE Report

Goldman Sachs reduced its oil price forecast following decisions by the Organization of the Petroleum Exporting Countries and its allies, OPEC+, to accelerate oil output increases, the bank said in a note dated Sunday. The bank now expects Brent crude to average $60 per barrel for the rest of 2025 and $56/bbl in 2026 down [Read more]

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Valero announces notice to the California Energy Commission regarding its Benicia, California, refinery

Oil & Gas 360º

About Valero Valero Energy Corporation, through its subsidiaries (collectively, Valero), is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products, and sells its products primarily in the United States (U.S.), Valero owns 15 petroleum refineries located in the U.S.,

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