Rigzone

JUNE 16, 2025

Image by JHVEPhoto via iStock TotalEnergies SE said Monday it has acquired a 25 percent stake in a Gulf of America exploration portfolio operated by Chevron Corp. Image by JHVEPhoto via iStock TotalEnergies SE said Monday it has acquired a 25 percent stake in a Gulf of America exploration portfolio operated by Chevron Corp.

Offshore 76

Offshore Exploration and Production Natural Gas Oil 76

OilPrice

APRIL 15, 2025

TotalEnergies expects its first-quarter oil and gas production to have increased by almost 4% on the year to the high end of the quarterly guidance range of 2.5 million barrels of oil equivalent per day (boe/d).

E&P 147

E&P Exploration and Production Oil Gas 147

Energy Outlook Advisors

MAY 14, 2025

million barrels, the lowest since early May 2008 when oil prices neared record highs (See Figure 5). Oil prices dipped slightly today but have risen since OPEC+ decided to boost production by 411,000 barrels per day in June. OPEC released its monthly oil report earlier today. Last week, they hit 103.6

Oil 152

Oil Exploration and Production Barrel Drivers 152

Oil & Gas 360º

APRIL 7, 2025

(Oil Price) –Libya will offer production sharing agreements to the successful bidders in its first oil and gas exploration bid round in 18 years, top Libyan oil officials said at an event in London on Monday. Libyas crude oil production currently exceeds 1.4

Exploration and Production 130

Exploration and Production Oil Crude Oil Barrel 130

Oil & Gas 360º

MARCH 19, 2025

(World Oil) – In its March 2025 Short-Term Energy Outlook, the U.S. Energy Information Administration (EIA) forecast crude oil production in Alaska will increase by 16,000 barrels per day (bpd) in 2026 to 438,000 bpd after remaining relatively flat in 2025. Average annual crude oil production in Alaska peaked at 2.0

Crude Oil 130

Crude Oil Oil Exploration and Production Active Well 130

Oil & Gas 360º

MAY 30, 2025

(Oil Price) –Crude oil and natural gas investments in Colombia could rise to $4.68 billion in 2024, the countrys oil and gas industry association said, adding that this will not lead to higher production. billion, would be spent on production, with the remainder of $740 million channeled into exploration.

Oil 130

Oil Exploration and Production Crude Oil Government 130

Oil & Gas 360º

MARCH 18, 2025

(World Oil) –MOL has discovered a new oil field near Somogysmson in Western Hungary. During the exploration drilling carried out in December 2024, oil was found at a depth of 1,250 meters. We will continue our investments and will do our utmost to maintain and, if possible, increase production.

Field 130

Field Exploration and Production Oil E&P 130

Oil & Gas 360º

APRIL 14, 2025

(Investing) – bp today announced an oil discovery at the Far South prospect in the deepwater U.S. bp drilled the exploration well in Green Canyon Block 584, located in western Green Canyon approximately 120 miles off the coast of Louisiana in 4,092 feet of water. bp expects to grow its global upstream production to 2.3

Oil 130

Oil Exploration and Production Sidetracking Upstream 130

Oil & Gas 360º

APRIL 21, 2025

(Oil & Gas 360) –HOUSTON(BUSINESS WIRE) Chevron Corporation ( NYSE: CVX ) announced today that it started oil and natural gas production from the Ballymore subsea tieback in the deepwater Gulf of America. This reduces our development costs and is expected to drive higher returns for shareholders. Malo facilities.

Oil 130

Oil Crude Oil Exploration and Production Natural Gas 130

Rigzone

JUNE 9, 2025

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. Smart Oil Investment Ltd.

Upstream 98

Upstream Exploration and Production Field Oil 98

Oil & Gas 360º

MAY 13, 2025

(World Oil) – Slowing global oil demand amid extreme uncertainty about the future of U.S. oil production growth later this year and could lead to an annual decline in output in 2026, according to a new analysis by S&P Global Commodity Insights. oil production growth this year.

Crude Oil 130

Crude Oil Exploration and Production Oil Barrel 130

Oil & Gas 360º

APRIL 28, 2025

(World Oil) – APA Corporation and its partners Lagniappe Alaska, LLC, an Armstrong company, and Oil Search (Alaska), LLC, a subsidiary of Santos Limited, have completed successful flow testing of the Sockeye-2 exploratory well in Alaska’s North Slope.

Exploration Well 130

Exploration Well Completion Oil Barrel 130

Enverus

JUNE 10, 2025

million net acres and more than two billion barrels of oil equivalent in undeveloped net resource. Encino assets offer a rare combination of scale, liquids-rich production and development upside. EIR) is a subsidiary of Enverus that publishes energy-sector research focused on the oil, natural gas, power and renewable industries.

IT 130

IT Operator Basin Exploration and Production 130

Oil & Gas 360º

MARCH 10, 2025

(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.

E&P 130

E&P Exploration and Production Oil Field 130

Oil & Gas 360º

MARCH 25, 2025

(Oil Price) –The UK could produce about half of the energy it consumes locally, in the North Sea, the energy industry association, Offshore Energies, said this week, as quoted by the Financial Times. That would be on top of projected economic value creation of 200 billion pounds, or $258 billion, from domestic oil and gas production.

Oil 130

Oil Gas IT Energy 130

Oil & Gas 360º

MAY 7, 2025

(Oil & Gas 360) – Publishers Note: Zephyr Energy plc will be presenting at the EnerCom Denver The Energy Investment Conference held at the Westin Denver Downtown on August 17-20, 2025. Initial production test observations include: A peak rate of 2,848 barrels of oil equivalent per day (“boepd”) (11.9

Energy 147

Energy Energy Exploration and Production Condensate 147

Oil & Gas 360º

MARCH 26, 2025

(World Oil) – bp has received final government ratification for its contract to invest in the redevelopment of several giant oil fields in Kirkuk, in the north of Iraq. This is an enormous opportunity as we grow bps oil and gas business and fully aligned with our strategy of strengthening our upstream portfolio.

Field 130

Field Oil Exploration and Production Barrel 130

Oil & Gas 360º

MARCH 13, 2025

(World Oil) –Murphy Oil Corporation today announced that a subsidiary has signed a Sales & Purchase Agreement (SPA) to acquire the BW Pioneer floating production storage and offloading vessel (FPSO) from BW Offshore. Hambly, President and CEO of Murphy Oil.

Oil 130

Oil Exploration and Production Offshore Barrel 130

Oil & Gas 360º

APRIL 16, 2025

(World Oil) –Vista Energy has acquired Petronas’ 50% stake in a region of the Vaca Muerta shale basin in a deal valued at $1.5 LACh spans across 46,594 acres in the black oil window of Vaca Muerta. As of December 31, 2024, it had 247 wells on production. billion USD.

Oil 130

Oil Barrel Crude Oil Operator 130

Oil & Gas 360º

MAY 5, 2025

(BOE Report) –NEW YORK (Reuters Breakingviews) Oil fields are just as quick to make fortunes as break them. The 1901 Spindletop gusher in Texas jumpstarted the petroleum age, crashing oil prices. produced about 5 million barrels of crude oil per day, down by half from the 1970s. Twenty years ago, the U.S.

Oil 130

Oil Barrel Field Basin 130

Oil & Gas 360º

MARCH 31, 2025

(Oil Price) –Following several months of delays due to inclement winter weather in the waters in Norways Arctic, Equinor started up the Johan Castberg oilfield on Monday, which will add 220,000 barrels of oil per day at peak production rates. Norway expects its oil liquids production to rise by 5.2%

Exploration and Production 130

Exploration and Production Barrel Oil Field 130

Oil & Gas 360º

APRIL 17, 2025

(Oil & Gas 360) –April 17, 2025, Calgary, Alberta, Canada Reconnaissance Energy Africa Ltd. ReconAfrica has entered into a Memorandum of Understanding (MOU) with ANPG for a joint exploration project in the Etosha-Okavango basin, located onshore in southeastern Angola. ANPG is Angolas national concessionaire and regulator.

Basin 130

Basin Oil Petroleum Gas 130

Rigzone

JUNE 9, 2025

million) North Sea oil installation' Image by Alexander Sikov via iStock BEL Valves announced in a release sent to Rigzone recently that it had “lock[ed]… in [a] GBP 5 million ($6.7 in [a] GBP 5 million ($6.7 in [a] GBP 5 million ($6.7 in [a] GBP 5 million ($6.7 in [a] GBP 5 million ($6.7

Oil 62

Oil Exploration and Production Field Manufacturing 62

Oil & Gas 360º

MAY 27, 2025

(Oil Price) –Back in 2017, oil production in the Permian stood at 2.2 million barrels daily. Today, the Permian is producing over 6 million barrels daily, accounting for nearly half of the U.S. The consultancy expects output there to add 200,000 barrels daily this year, for a total of 6.6 before 2035.

Barrel 130

Barrel Consulting Oil Basin 130

Oil & Gas 360º

APRIL 2, 2025

(World Oil) –INEOS Energy has completed its acquisition of the U.S. The deal increases INEOS Energys production globally to over 90,000 barrels of oil equivalent per day (boed) and marks the third major investment by INEOS Energy in the U.S., Gulf business held by CNOOC Energy Holdings U.S.A. “The U.S.

Gas 130

Gas Oil Completion Energy 130

Rigzone

JUNE 10, 2025

First-Quarter Results Gran Tierra reported first-quarter total average working interest before royalties (WI) production of 46,647 barrels of oil equivalent per day (boepd), 14 percent higher than the previous quarter and 45 percent higher year over year. Image by EyeEm Mobile GmbH via iStock Gran Tierra Energy Inc.

Exploration and Production 67

Exploration and Production Energy Energy Completion 67

Oil & Gas 360º

APRIL 3, 2025

(World Oil) –Nigerian President Bola Tinubu hired the former head of a unit of Shell Plc to run the state oil company, as Africas biggest crude producer works to boost output and prepare the firm for an initial public offering. and previously led Shell Nigeria Exploration and Production Co.

Oil 130

Oil Exploration and Production Government Refinery 130

Oil & Gas 360º

MAY 15, 2025

(Oil Price) –Economic headwinds and record electric vehicle sales are set to materially slow down global oil demand growth for the rest of the year, the International Energy Agency (IEA) said on Thursday. World oil demand rose by 990,000 barrels per day (bpd) in the first quarter of 2025.

Oil 130

Oil Upstream Barrel E&P 130

Oil & Gas 360º

MARCH 31, 2025

(Oil Price) –Ever since BP admitted that its attempt to go green had ended in a disaster, the flow of news from the energy industry has been in one single direction: back to oil and gas, which make money. It also got an approval from the Iraqi government to start the development of two oil fields in the north.

Oil 130

Oil Gas Field Natural Gas 130

Oil & Gas 360º

MAY 19, 2025

(BOE Report) – Oil and gas operators in North Dakota have indicated they plan to drop rigs and frac crews due to weaker oil prices, a move that is likely to impact output in the third largest U.S. oil producer, the states Department of Mineral Resources said on Friday.

Oil 130

Oil Operator Barrel E&P 130

Oil & Gas 360º

MAY 30, 2025

(World Oil) –Chevron Corp. plans to lay off nearly 800 employees in the Permian basin, its biggest oil-production operation globally. Chief Executive Officer Mike Wirth is looking to reduce structural costs by $3 billion, making the company more efficient and better able to withstand low oil prices.

Basin 130

Basin Operator Oil Barrel 130

Oil & Gas 360º

APRIL 9, 2025

(Oil Price) – Chevron will boost the so-called triple fracs fracturing three wells with one frac spread at one time to more than half of its wells in the Permian basin, a Chevron executive told Reuters , amid efforts to reduce the costs and times of fracking at the worlds top shale basin. supermajor, told Reuters in an interview.

IT 130

IT Basin Barrel Oil 130

Oil & Gas 360º

APRIL 2, 2025

(World Oil) –Colombias state-owned Ecopetrol SA is considering buying Carlyle Groups oil driller in the nation as it looks to boost reserves and output, its top executives said in an interview. Colombias biggest independent oil producer, for $1.5 Meanwhile, its oil reserves rose to 7.8 years last year, down from 7.2

Natural Gas 130

Natural Gas Oil Petroleum Barrel 130

Rigzone

JUNE 9, 2025

Brent Crude $66.90 +0.65% Natural Gas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Vermilion Energy Completes Exit from USA with Asset Divestment by Rocky Teodoro | Rigzone Staff | Monday, June 09, 2025 | 8:00 AM EST The company said it expects the transaction, which has an effective date of January 1, to close in the third quarter.

Completion 67

Completion Energy Energy Exploration and Production 67

Rigzone

JUNE 16, 2025

The acquired portfolio consists of 16 producing fields in Norway, quadrupling DNO’s North Sea production to 80,000 barrels of oil equivalent per day (boepd), the company said in a news release. Its largest assets, measured by net 2P reserves, are Nova, Martin Linge, Kvitebjørn, Eldfisk, Maria, Symra and Ekofisk.

Energy 67

Energy Energy Exploration and Production Field 67

Oil & Gas 360º

MARCH 31, 2025

(World Oil) –Bayswater Exploration and Production (Bayswater), a Denver-based oil and natural gas development company closed the sale of certain Denver Julesburg (DJ) Basin assets to Prairie Operating Co. in a cash and stock transaction valued at approximately $603 million.

E&P 130

E&P Basin Exploration and Production Operator 130

Egypt Oil & Gas

MARCH 24, 2025

Iraqs Oil Ministry announced that it plans to increase oil production to more than 6 million barrels per day (mmbbl/d) by 2029, while confirming an agreement with bp to develop four oil fields in Kirkuk, Iraq News Agency reported.

Exploration and Production 52

Exploration and Production Oil Field Barrel 52