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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. The partners completed the offshore platform for Angolas first non-associated gas project in February 2025, with production on track for early-2026. Algerias Sonatrach will increase hydrocarbon production by 2.5%

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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. (Investing) –The U.S.

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Upstream M&A sails to $17 billion in 1Q25

Enverus

The private equity sponsored E&P was able to garner such a large premium for its land because high consolidation over the last few years has left few attractive private companies for the public E&Ps to target. Upstream M&A opened 2025 with $17 billion in deal value, the second-best start to a year since 2018.

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Viper’s Royalty Model: Worth a Look

Permian Basin Oil and Gas Magazine

Its royalty-focused, asset-light model stands out versus traditional E&Ps like Diamondback, offering high efficiency and lower risk. Viper Energy (VNOM) presents a compelling case for investors seeking exposure to the energy sector through a mineral rights business model. It was finally signed in January 2025 and will complete in Q2 2025.

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Chevron y TotalEnergies inician producción en proyecto de aguas profundas de Ballymore

Oil & Gas Magazine

Recordemos que Ballymore, el ltimo de una serie de proyectos de Chevron que comenzaron el ao pasado, representa un paso ms hacia el objetivo de la compaa de producir 300 mil barriles netos por da de petrleo equivalente en el Golfo para 2026. Hay que tomar en cuenta que la filial Chevron USA Inc., posee una participacin del 40%.

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Flotek acquires innovative mobile power generation assets and secures multi-year lease providing $160 million revenue backlog and immediate earnings accretion

Oil & Gas 360º

Beginning in 2026, annual revenue under the Lease Agreement is expected to total $27.4 Flotek concurrently entered into an agreement for a six-year dry lease of the Acquired Assets with ProFrac GDM (the “Lease Agreement”).

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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. The development is Chevrons first in the Norphlet trend of the Gulf.

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