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

Oil & Gas 360º

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.

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

Oil & Gas 360º

Energy Information Administration (EIA) showing domestic crude oil 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

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U.S. energy sector makes strong start to 2025 – Morgan Stanley

Oil & Gas 360º

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.

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Talos Energy announces enhanced corporate strategy

Oil & Gas 360º

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.

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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. has 40 percent working interest.

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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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IEA sees oil demand growth slowing on economic headwinds

Oil & Gas 360º

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

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