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(World Oil) – Chevron has completed its $53 billion acquisition of Hess Corporation, having prevailed in an arbitration against ExxonMobil regarding Hess’ offshore Guyana assets, which had delayed the takeover for over a year. offshore operations in Guyana’s Stabroek block.
In May—the latest month with full basin-level data—production in Neuqu é n reached 538,000 b/d of oil and 107 million cu m/day of naturalgas. On a national scale, shale oil accounts for 60% of total output, while tight and shale gas combined make up 65% of Argentina ’ s gas production.
Mach Natural Resources has signed two definitive agreements totaling $1.3 These acquisitions will give the Anadarko Basin-centered independent producer its first significant footholds in the Permian and San Juan basins, through the purchase of assets from Sabinal Energy and entities managed by IKAV Energy.
Executive Summary: Williston Basin Operator Activity (2023–2025) The Williston Basin remains a critical component of U.S. These operators collectively reflect the basin’s evolution toward capital discipline, lateral length optimization, and refrac innovation. oil production, delivering approximately 1.2–1.3
oil and gas drilling activity saw a notable rebound this past week, driven primarily by a surge in naturalgas rigs. According to the latest Baker Hughes Rig Count, the total number of active rigs rose by seven—the largest weekly gain since December—reflecting growing optimism in the gas sector as prices climb.
While the number of completed deals has decreased slightly since 2022, companies are executing higher value transactions as energy demand spikes and increased sector volatility have created increased opportunities for the scaling and modernization of operations.
have completed their combination, touting the resulting company as one of the biggest producers on the United Kingdom continental shelf (UKCS). have completed their combination, touting the resulting company as one of the biggest producers on the United Kingdom continental shelf (UKCS). and Repsol Resources UK Ltd.
has completed the purchase of the upstream and midstream operations of Olympus Energy for $1.8 billion and consequently raised its projected sales volume for 2025 by 100 billion cubic feet of naturalgas equivalent (Bcfe). has completed the purchase of the upstream and midstream operations of Olympus Energy for $1.8
Within the Permian Basin, naturalgas pricing at Waha continues to struggle, pinned deep in negative territory. Drilling Outlook: Operators tightening the belt—reduced rigs, deferred well completions, and capital spending discipline. MMBtu—and even Summer 2026 strip lingering around –$2.30/MMBtu—a
(Oil & Gas 360) – MIDLAND, Texas–June 12, 2025. Nasdaq: NEHC) (“NEHC” or the “Company”), a next-gen exploration and production platform in the Permian Basin, today announced that Texas Critical Data Centers, LLC (“TCDC”) its joint venture with Sharon AI, Inc., New Era Helium, Inc. Will Gray II, CEO of New Era Helium, Inc.,
Haynesville Oil & Gas Operator Account Directory – $10 Buy Now Includes: Account Name, Location, Phone, Website, Wells Drilled…. Production footprint : Aethon is one of the largest privately held gas producers in Haynesville, with ~ 2 billion cubic feet/day output.
This trend reflects a cautious industry response to sustained price volatility, investor pressure, and a strategic pivot toward naturalgas. Strategic Shift Toward Gas: Naturalgas rigs are up 7 YoY , showing resilience. Producers may be pivoting to gas due to: Stronger gas prices.
Whitecap Resources and Veren have completed a CA$15 billion (US$10.43 The merger creates a new heavyweight in Canadian energy, ranking as the seventh-largest oil and gas producer and the fifth-largest naturalgas producer in the country by output. Gas production equaled 106,000 boe/d, led by Strathcona Resources Ltd.,
It will be Northwind’s third AGI well to increase the company’s total permitted daily injection capacity to about 37 million standard cfd of total acid gas when completed in 2026. The injection zone of the new well will target the Devonian formation of the northern Delaware Basin.
s Westcoast naturalgas pipeline system for CA$715 million (US$511 million) — a landmark deal that represents the first transaction backed by Canada’s new federal Indigenous loan guarantee program. The deal marks Enbridge’s fourth equity partnership with Indigenous groups, and its first involving a naturalgas pipeline.
Below we summarize recent (2024–2025) drilling activity, budget allocations, and production volumes in Oklahoma (primarily the Anadarko Basin and related plays) for six companies: Ovintiv , Mach Natural Resources , Devon Energy , Coterra Energy , Continental Resources , and Mewbourne Oil Company. Sources are cited in brackets.
has finalized its acquisition of Montney Basin oil and gas assets from Strathcona Resources Ltd. The newly acquired assets are evenly split between oil and naturalgas production and are expected to contribute approximately 37,000 BOE/D to ARC’s output for the remainder of the year. ARC Resources Ltd. billion (US$1.18
Based on recent announcements, rig activity, and executive commentary, here are the Top 5 Priorities Chevron is expected to focus on for the rest of 2025 : US Oil & Gas Directory – $10 Buy Now Includes: Account Name, Location, Phone, Website, Wells Drilled… 1. naturalgas exports as critical to long-term energy security.
Image by pavalena via iStock Vietnam Oil and Gas Group (Petrovietnam) and its joint venture partners have signed a product sharing contract (PSC) for Block 15-1 on the southern continental shelf of Vietnam. The asset is one of the few blocks in Viernam that contains large-scale commercial oil and gas fields. percent, SK Group holds 7.2
Past Energy Transition and Emerging Technology sessions have featured innovations in geothermal, lithium, solar, helium, renewable naturalgas, carbon capture, and even robotics. They can enhance your completion fluids to achieve optimal reservoir wettability and increased production.
NaturalGas $3.63 -0.14% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS ADNOC's XRG Targets 20-25 MMtpa Gas Portfolio by 2035 by Jov Onsat | Rigzone Staff | Tuesday, June 10, 2025 | 4:15 AM EST XRG set a goal of building a top-five integrated gas and LNG business with a capacity of 20-25 MMtpa by 2035. billion.
Excited to share a major milestone from one of the Permian Basin’s top operators— ConocoPhillips has brought its Zia Hills Central Facility 2 (CF2) online in the Delaware Basin. Hal Mead , Asset Manager: Project completed on time, under budget, with no injuries.
Brent Crude $78.03 +1.73% NaturalGas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Petronas, MOL Form CO2 Transport JV by Jov Onsat | Rigzone Staff | Thursday, June 19, 2025 | 4:35 AM EST The partners already completed the front-end engineering design for a 62,000-cubic-meter LCO2 transport vessel.
onshore subsidiary of BP is doubling down on capital-efficient growth in the Permian and Eagle Ford basins while positioning itself to capture upside from strengthening gas markets in Haynesville. US Oil & Gas Operator Account Directory – $10 Buy Now Includes: Account Name, Location, Phone, Website, Wells Drilled….
In the dynamic and demanding world of naturalgas processing, the pursuit of efficiency is relentless. In the practical world of gas processing, however, it is a workhorse—a reliable and efficient method for chilling a gas stream simply by reducing its pressure.
The Bass Strait project consists of conventional oil and gas fields in Gippsland basin off the south east coast of Victoria, Australia. Naturalgas production from the Bass Strait assets is 100% dedicated to the Australian domestic market and currently supplies about 40% of Australian east coast domestic gas demand.
From the Permian Basin to the Gulf Coast, companies are pushing the boundaries of efficiency, reliability, and environmental responsibility. At the very heart of this progress lies a critical, often overlooked process: fuel gas conditioning. What’s Next in Fuel Gas Treatment? The modern approach is modularization.
(NYSE: LBRT) delivered a strong second quarter performance in 2025, highlighting its ability to outperform in a softening completions market while pushing forward with game-changing technology and infrastructure initiatives. Oil & Gas Operator Account List Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
Industrial separation is the most cost-effective capture technology and is widely used in ammonia and bioethanol production, as well as naturalgas processing. This procedure has been used once on CCS licenses, specifically for the HontomÃn Pilot Project, which took about eight years to complete. 2 Comparing â¬39/ton in a 0.6
on Wednesday reported $615 million in adjusted net income attributable to common shares for the second quarter, up 13 percent from the same three-month period last year thanks to higher volumes of transported naturalgas and refined oil products. Kinder Morgan’s naturalgas pipelines carried 44.59 billion to $1.97
Image by photosbyjim via iStock Anacortes, Washington-based Pacific Petroleum Operating LLC said it completed its acquisition of a portfolio of oil-producing assets located in Wyoming from a portfolio company of an undisclosed private equity group for a total purchase price of $9.65 energy investment strategy.
Detailed test results indicate that the one-mile well’s productivity will rank in the top 6% of all gas wells across the United States’ ‘Lower 48’ The well also demonstrated elevated liquid yields, and economic estimates appear to be competitive with longer lateral wells in core U.S. on 29 July 2025). (the
via iStock McDermott said it has been awarded a “sizeable” offshore transportation and installation contract by Brazilian oil and gas firm BRAVA Energia for the Papa-Terra field in the Campos Basin and the Atlanta field in Block BS-4 within the Santos Basin, both offshore Brazil.
Brent Crude $69.46 -0.09% NaturalGas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Santos Q2 Revenue Slightly Hit by Lower Oil Prices by Jov Onsat | Rigzone Staff | Thursday, July 17, 2025 | 4:13 AM EST Weaker liquids prices offset higher sales volumes. The Australian company produced 22.2
In 2024, a significant upgrade of the site’s production facilities and bund area was initiated and completed in May. A technical review by the Operator confirmed that an undrained oil resource exists on the eastern side of the Keddington field.
Phillips 66 has officially registered the Condor Compressor Station in Martin County, Texas, marking another strategic step in its buildout of naturalgas infrastructure tied to the Dos Picos midstream complex. Oil & Gas Operator Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
The company holds over 1 million net acres in the Permian Basin , the most productive shale play in North America. Oxy holds a 40% stake in Net Power , which is developing zero-emission naturalgas power plants that generate electricity while capturing CO₂ at the source. million bpd in 2024 , according to company filings.
With the commercialization of Train 4 complete, the company said it has started the financing process for Train 4 and related infrastructure. NextDecade recently announced a 20-year liquefied naturalgas (LNG) sale and purchase agreement (SPA) with JERA 2.0 billion to $2.0
As an Energy Developer, Solestiss accelerates access to baseload power while mitigating budget risks by leveraging nuclear and energy infrastructure expertise and naturalgas solutions to drive project success. cacgroup.com bpx energy bpx energy, bp’s US onshore business, operates in the Permian, Eagle Ford, and Haynesville basins.
0% Brent Crude $68.41 -0.16% NaturalGas $3.58 +0.82% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Santos Q2 Revenue Slightly Hit by Lower Prices by Jov Onsat | Rigzone Staff | Thursday, July 17, 2025 | 3:21 AM EST Weaker liquids prices offset higher sales volumes. The Australian company produced 22.2
Image by Philipp Pelka via iStock DNO ASA said it has completed its acquisition of Sval Energi Group AS from HitecVision for cash consideration of $450 million based on an enterprise value of $1.6 DNO completed a private placement of $400 million of subordinated hybrid bonds with a coupon rate of 10.75
“The sequential revenue improvement was largely driven by increased iEPCI™ project activity in the North Sea and higher installation activity and flexible pipe supply in Brazil, offset in part by project completions in Asia Pacific”, TechnipFMC said. million in adjusted net income for the second quarter, up 99.8
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