article thumbnail

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.

E&P 130
article thumbnail

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.

E&P 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

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. Diamondback set a record in the Permian Basin with its acquisition of Double Eagle IV.

Upstream 162
article thumbnail

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.

Basin 130
article thumbnail

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%.

E&P 81
article thumbnail

SLB lands major drilling contract for Woodside’s ultra-deepwater Trion development

Oil & Gas 360º

Services will begin in early 2026 and be managed through SLBs Performance Live digital service delivery centers. We will also leverage the strategic investments weve made in local talent and supply chains in Mexico, which will help support the on-time delivery of this project.

Topsides 130