This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
mtpa Coral South FLNG project has been operating since 2022 while ExxonMobil plans to make FID on Rovuma LNG in 2026. In Angola, which has been an LNG producer since 2013, the NOC Sonangol is working with its New Gas Consortium partners Azule Energy, Cabinda Gulf Oil Company and TotalEnergies to increase LNG production capacity.
Energy Information Administration (EIA) showing domestic crudeoil production reached an all-time high of 13.5 Oil production has jumped this year after hitting a record 13.2 Due to market conditions and fluctuations in oil prices, U.S. oil production is forecasted to average 13.4
Despite generally cautious investor sentiment on oil markets, the energy sector has had a strong start to 2025, rising 8% year-to-date, outperforming the S&P 500 index by around 10%, according to analysts at Morgan Stanley, in a note dated March 26. Looking ahead, we retain our defensive bias and preference for gas over oil.
Talos is targeting approximately $100 million in increased annualized cash flow in 2026 by improving its existing operations through capital efficiency, margin enhancement, commercial opportunities, and general organizational improvements. The three pillars of Talos’s new strategy are: Improve the business every day.
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. has 40 percent working interest.
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.
The estimate for full-year 2026 demand growth is also close to the 2025 forecast and to last months already slashed projections760,000 bpd. China trade de-escalation from earlier this week, increased trade uncertainty is expected to weigh on the world economy and, by extension, oil demand, the IEA said today. Despite the U.S.-China
billion of share repurchases, consistent with its annual $20 billion share-repurchase program through 2026. Exxons shareholder distributions came in at $9.1 billion in the first quarter, including $4.3 billion of dividends and $4.8
times by year end 2026. Strong Credit Profile: Exceptional balance sheet with initial leverage of 0.9 times Net Debt to Funds Flow 1 which is expected to continue to further strengthen to 0.8 times net debt/funds flow, which is expected to continue to further strengthen to 0.8
Ballymore reinforces the companys strategy to achieve 300,000 net barrels of oil equivalent per day (boepd) from the region by 2026. holding a 60% working interest, with TotalEnergies E&P USA, Inc. Strategic Importance of Ballymore Chevron has long held a dominant position in the Gulf of America.
This transaction positions Viper to compete for capital with mid and large cap North American E&Ps; except with higher margins, minimal operating costs, and the lowest dividend breakeven in the space. at closing at strip pricing and decreasing thereafter; near-term net debt target of $1.5 billion which equates to less than 1.0x
oil production is being accelerated and could be sooner than previously expected. crudeoil production in which the slowdown in shale would be partly offset by rising output from the U.S. With the low oil prices, Kpler has now cut its U.S. crude output is set to peak this year, Kpler noted. shale patch, and U.S.
“The potential impact on production levels in 2025 and 2026 of the decline in upstream E&Poil investments will constitute a challenge, despite the industrys continued focus on efficiency and productivity improvements,” the report said. Last month, it forecast growth of 400,000 bpd.
“The potential impact on production levels in 2025 and 2026 of the decline in upstream E&Poil investments will constitute a challenge, despite the industrys continued focus on efficiency and productivity improvements,” the report said.
(World Oil) – The U.S. sees domestic crude production declining next year for the first time since 2021 in a blow to U.S. million bpd in 2026 from about 13.42 But several shale companies have warned that weak oil prices would take a toll on output, with drillers including Diamondback Energy Inc.
The United States already became the worlds top oil and gas producer under former President Joe Biden. Energy Information Administration expects crudeoil production to rise to a new record average of 13.61 million bpd in 2026. million barrels per day (bpd) in 2025 and climb further to 13.76
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content