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

Oil & Gas 360º

Bureau of Labor Statistics (BLS), the Texas Independent Producers and Royalty Owners Association (TIPRO) has highlighted new employment figures showing an increase in upstream employment in Texas in the month of May. Energy Information Administration (EIA) showing domestic crude oil production reached an all-time high of 13.5

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BP Chair to step down amid Elliott campaign for changes

Oil & Gas 360º

(Oil Price) –BP chair Helge Lund has informed the board that he would be stepping down from the role most likely during 2026, as activist investor Elliott continues to demand more changes at the UK-based supermajor. The announcement is seen as a victory for Elliott Management, the activist investor pushing for changes at BP.

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

Oil & Gas 360º

(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. 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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Permian Basin growth fuels ExxonMobil’s quarterly success

Oil & Gas 360º

These mostly offset lower earnings due to a significant decline in industry refining margins, weaker crude prices, lower base volumes from strategic divestments, and higher expenses from growth initiatives, Exxon said. Upstream earnings increased by $1.1 billion from a year earlier to $6.8 Exxons net production jumped by 20% to 4.6

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Strathcona announces sale of Montney business for $2.84 billion and acquisition of Hardisty Rail Terminal

Oil & Gas 360º

billion in 2026 and $1.1 $1.2 In light of low current oil prices, Strathconas updated long-range plan reflects a deferral of the sanction of the Lindbergh Phase 2 expansion project from 2026 to 2027 to prioritize near-term free cash flow generation. billion in 2026 and $1.1 billion in 2030 and 2031.

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Oil Review Middle East - Untitled Article

Oil Review Middle East

Nasser, Aramcos president and CEO, noted that Aramco has made significant strides during the year on a number of projects and initiatives aimed at reinforcing its upstream pre-eminence, further integrating its downstream portfolio and developing the new energies business.