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U.S. Majors Cash In as Permian Dominance Widens the Oil Gap

OilPrice

Upstream oil and gas—industry-speak for the exploration and production end of the business—has always been a game of geology, timing, and money. oil majors are holding the better hand in the world of E&P. According to Wood Mackenzie, crude and condensate production across the U.S. Right now, U.S.

E&P
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BP-Eni JV makes major gas discovery offshore Angola

Oil & Gas 360º

(Oil Price) – Azule Energy, a joint venture of international majors BP and Eni, has discovered a major natural gas reservoir offshore Angola in the first gas-targeting exploration well in the oil-producing country. Adriano Mongini, CEO of Azule Energy, commented: “This is a landmark moment for gas exploration in Angola.

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Inpex Granted Production Concession for UAE Block

Rigzone

Brent Crude $78.03 +1.73% Natural Gas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Inpex Granted Production Concession for UAE Block by Rocky Teodoro | Rigzone Staff | Thursday, June 19, 2025 | 8:56 AM EST The Japanese energy firm has been conducting exploration and evaluation activities in the block since 2018.

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CanCambria Energy Corp signs Kiskunhalas concession contract

Oil & Gas 360º

(Oil & Gas 360) – Publisher’s Note: CanCambria Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. The signing formally initiates a four-year exploration period. Register to attend. CanCambria Energy Corp. About CanCambria Energy Corp.

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Badawi Discusses Natural Gas Investment Plans with bp

Egypt Oil & Gas

The two exploration wells will be tied into the company’s existing onshore infrastructure as part of the West Nile Delta (WND) Gas Development project. He also highlighted the need for enhanced cooperation in projects aimed at increasing local natural gas production, reducing import costs, and encouraging further investments in the sector.

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PTTEP Acquires Stake in Gulf of Thailand Asset from Chevron

Rigzone

The acquisition enhances PTTEP’s gas production volume, petroleum reserves, and increases its investment in the MTJDA from its existing 50 percent participating interest in Block B-17-01, the company said in a news release. The sellers, Hess (Bahamas) Limited and Hess Asia Holdings Inc.,

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Ovintiv Q2 Earnings Slip YoY

Rigzone

Image by Oleksandr Hruts via iStock North American exploration and production company Ovintiv Inc. Image by Oleksandr Hruts via iStock North American exploration and production company Ovintiv Inc. This includes 211,000 barrels of oil and condensate per day (Mbbls/d), 96 Mbbls/d of other natural gas liquids, and 1.85