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TotalEnergies, QatarEnergy Win Exploration License in Algeria

Rigzone

percent stake during the exploration and appraisal phases. Ahara marks QatarEnergy’s entry into Algeria’s upstream sector, QatarEnergy said separately. In 2023 TotalEnergies and Sonatrach signed an agreement to raise gas production in the Tin Fouye Tabankort II and Tin Fouye Tabankort Sud fields in the south of Algeria.

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CNOOC Announces Seventh Upstream Startup in Chinese Waters This Year

Rigzone

Brent Crude $66.90 +0.65% Natural Gas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS CNOOC Announces Seventh Upstream Startup in Chinese Waters This Year by Jov Onsat | Rigzone Staff | Monday, June 09, 2025 | 3:37 AM EST Weizhou 5-3 is expected to reach a peak output of about 10,000 bpd next year. feet) deep. holds 49 percent.

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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. In May, Texas energy producers paid $411 million in oil production taxes, according to the Texas comptroller’s office.

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

Enverus

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.

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Mach Natural Resources LP Announces Transformative Acquisitions in the Permian Basin and San Juan Basin

Oil & Gas 360º

McMullen, commented, “With these two transactions, we grew Mach’s production by 88% and we will continue to look for consolidation opportunities given our conservative balance sheet.” First quarter 2025 average production was approximately 11 Mboe/d, of which 98% was liquids, 2% was natural gas.

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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. Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront.

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Equinor, Shell Unveil Name of UK North Sea JV

Rigzone

It’s a company built on firm foundations, much like the strong granite synonymous with the city” “Adura will sustain domestic oil and gas production and security of energy supply in the UK and beyond”, Equinor added. percent operating stake in Pierce, which started production 1999; a 44.9