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(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.
Calgary, Alberta (April 23, 2025) Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is releasing its summary of 1Q2025 upstream M&A activity and outlook for the rest of the year.
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. million bpd through the end of the year, and dip slightly below that amount in 2026, said EIA analysts.
About Mach Natural Resources LP Mach Natural Resources LP is an independent upstream oil and gas Company focused on the acquisition, development and production of oil, natural gas and NGL reserves in the Anadarko Basin region of Western Oklahoma, Southern Kansas and the panhandle of Texas.
Enverus Intelligence Research (EIR), a subsidiary of Enverus, an energy-dedicated SaaS company, released on April 23 its summary of 1Q2025 upstream M&A activity and outlook for the rest of the year. On top of that, upstream companies will now have to navigate significant headwinds from falling oil and equity values.
The estimate for full-year 2026 demand growth is also close to the 2025 forecast and to last months already slashed projections760,000 bpd. On Wednesday, OPEC also cut its forecast of liquids supply from OPEC+s rivals including the United States, due to lower upstream spending amid falling oil prices. tariff offensive in early April.
Upstream earnings increased by $1.1 billion of share repurchases, consistent with its annual $20 billion share-repurchase program through 2026. billion from a year earlier to $6.8 billion, thanks to continued growth in the Permian and Guyana, as well as structural cost savings. Exxons net production jumped by 20% to 4.6
Beginning in 2026, annual revenue under the Lease Agreement is expected to total $27.4 For further information: Flotek Investor Contact: Mike Critelli, Director of Finance & Investor Relations, E: ir@flotekind.com; ProFrac Investor Contact: Michael Messina, Director of Finance, E: investors@pfholdingscorp.com
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. owning the remaining 40%.
BP achieved upstream plant reliability of 95.4%, one of its best on record, and refining availability at 96.2%. Hess Q1 2025 Performance Hess Corporation delivered a solid operational quarter in Q1 2025, marked by steady oil and gas production, continued development progress in Guyana, and significant investments in key upstream assets.
“The potential impact on production levels in 2025 and 2026 of the decline in upstreamE&P oil 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 upstreamE&P oil investments will constitute a challenge, despite the industrys continued focus on efficiency and productivity improvements,” the report said.
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