This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
(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.
from 2018-2022, a provider of integrated specialty industrial services with operations in over 20 countries. His earlier experience includes field operations, engineering, and human resources across North America, South Asia, and the Middle East. Gatti served on the Board of Helix Energy Solutions Group, Inc. from 2018-2024.
(World Oil) – Diversified Energy Company PLC, a leading publicly traded natural gas and liquids production company, and global investment firm Carlyle have today announced a strategic partnership to invest in up to $2 billion in existing proved developed producing (PDP) natural gas and oil assets across the U.S.
While I believe we have an incredibly strong and efficient operational organization at Talos, our goal is to take a very good company and make it great through continuous improvement. The three pillars of Talos’s new strategy are: Improve the business every day. For more information, visit www.talosenergy.com.
Operations can now react to a localized environment through real-time adaptation rather than performance forecasting. “At Chevron produces crudeoil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry.
(private) (N/A – private; high gas focus) (N/A – private) ~7–9 rigs in Oklahoma (2025) (21 wells drilled in 2023) Note: MBOE/d = thousand barrels of oil equivalent per day. Liquids” includes crudeoil and NGLs. In 2024 they averaged 3 operated rigs in the Anadarko, but for 2025 the plan is to run ~2 rigs on average.
TIPRO reported a total of 49,798 unique job postings nationwide last month within the oil and natural gas sector, including 17,962 new postings. The leading three cities by total unique oil and natural gas job postings were Houston (2,064), Midland (546) and Odessa (398), said TIPRO.
Ballymore, the latest in a series of Chevron projects to start up in the past year, represents another step towards the companys goal to produce 300,000 net barrels per day of oil equivalent from the Gulf in 2026. is operator of the Ballymore project with 60 percent working interest. Co-owner TotalEnergies E&P USA, Inc.
Despite generally cautious investor sentiment on oil markets, the energy sector has had a strong start to 2025, rising 8% year-to-date, outperforming the S&P 500 index by around 10%, according to analysts at Morgan Stanley, in a note dated March 26. (Investing) –The U.S.
The sum will be partly used to develop companies such as Akakus, which operates Sharara — Libya’s largest oil field — in a joint venture that includes TotalEnergies, Repsol SA, OMV AG and Equinor ASA as well as Libyan state companies. Waha Oil Co., million daily barrels within a year, according to Seliman.
Together with our high-performing operations and continuously advancing technology, we are well positioned to deliver strong, consistent financial results, now and for decades to come. Andy will also retain responsibility for Strategy, Commercial and Sustainability. For more information, go to www.conocophillips.com.
Transaction Highlights Transforms EOG into a leading Utica E&P The acquisition of Encinos 675,000 net core acres significantly increases EOGs Utica position to a combined 1,100,000 net acres, representing more than two billion barrels oil equivalent of undeveloped net resource. About EOG Resources EOG Resources, Inc.
Conference Overview Conference Details: EnerCom Denver offers investment professionals a unique opportunity to network and listen to senior management teams from leading companies across the energy value chain update investors on their operational and financial strategies and learn how they create value for stakeholders.
The new bid round has generated a lot of interest from foreign majors, Masoud Suleman, chairman of Libyas National Oil Corporation (NOC), told Reuters today. Libyas crudeoil production currently exceeds 1.4 Foreign majors have also made steps to return to operations in Libya. million barrels per day (bpd), NOC says.
The remaining 50% of LACh is held by operator YPF S.A. With this acquisition we gain significant scale in Vaca Muerta with a premium block that has growing production and low operating costs, enabling the acceleration of our long-term plan and strengthening our free-cashflow profile, said Miguel Galuccio, Vistas Chairman and CEO.
shale producer Continental Resources has filed a lawsuit against Hess Corp alleging that it was defrauded out of up to $69 million through a series of deals the well operator conducted with its subsidiaries. Continental has been deprived of about $34 million to $69 million of revenue for oil and gas production, the filing said.
portfolio of operated companies and interests consists of oil, natural gas, petrochemicals, lubricants and refined fuel products along with low-carbon offerings. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. Notes to editors The U.S.
(World Oil) –Chevron Corp. plans to lay off nearly 800 employees in the Permian basin, its biggest oil-production operation globally. Chevron is taking action to simplify our operating model, execute work faster and more effectively, the company said in a statement.
Visible Long-Term Synergies: Visible operating, capital and corporate synergies which, in addition to supply chain efficiencies, can generate meaningful savings. Anticipated annual synergies of over $200 million can be achieved independent of commodity prices and will begin to be captured upon closing of the transaction.
But even in the mighty Permian Basin, which turned the United States into the worlds biggest oil producer, resources eventually deplete. produced about 5 million barrels of crudeoil per day, down by half from the 1970s. Thats enough to cover operational risk, service debt and pay dividends. Twenty years ago, the U.S.
Together with our partners, we aim to deliver world-class operations, combining deep local knowledge with our expertise in managing giant fields and safely executing major projects. This is an enormous opportunity as we grow bps oil and gas business and fully aligned with our strategy of strengthening our upstream portfolio.
Upstream Investments; Exploration and Production (E&P): The upstream sector involves the search for oil and gas reservoirs and the extraction of these resources. Investment opportunities in this area include direct investment in E&P companies, partnerships, and joint ventures.
existing net DUCs and permits with an average lateral length of ~9,500 feet PRO FORMA HIGHLIGHTS Approximately 85,700 net royalty acres in the Permian Basin; ~43% operated by Diamondback Pro forma Viper owns an average 1.8% per share based on the closing price of Viper common stock on June 2, 2025. billion which equates to less than 1.0x
However, BPs operating cash flow plunged to $2.8 Net debt jumped to $27 billion at the end of the first quarter, primarily driven by lower operating cash flow. billion, down by around $4.6 billion from the previous quarter. BP remains committed to a target to reduce net debt to $14-18 billion by the end of 2027.
The SANPC is already operating as a fully-fledged subsidiary of the Central Energy Fund (CEF), with the signing of an agreement with both organized labor and non-unionized employees signed in April 2025. Looking ahead, the SANPC will prioritize fuel security, with the aim of reducing imports and improving the national balance of payments.
(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.
The Far South co-owners are bp (operator, 57.5%) and Chevron U.S.A. Both the initial well and a subsequent sidetrack encountered oil in high-quality Miocene reservoirs. Vertical composition with copy space above. The well was drilled to a total depth of 23,830 feet.
Mr. Piet Van Assche will be promoted internally to Chief Operating Officer while maintaining his current role as Managing Director of Hungary. Dr. Cornelius commented: Founding CanCambria as an international unconventional resource E&P company has been one of the highlights of my career.
billion in cash flow from operations in the first quarter, down from $14.7 Exxon reported on Friday first-quarter earnings of $7.7 billion, down from $8.2 billion in the first quarter of 2024. Earnings per share (EPS) slipped to $1.76 from $2.06, but beat the consensus estimate of $1.73. supermajor generated $13.0
Output of crudeoil in the play will plateau at 7.7 million bpd, and this will more than offset production declines in other producing regions in the countrymeaning oil demand will be healthy enough to support such a trend. This raises the question of whats next for the big operators in the top shale play in North America.
The firm delivers high quality, fully integrated engineering, operational, geological, geophysical, petrophysical, and economic solutions for all facets of the upstream energy industry. About NSAI Netherland, Sewell & Associates, Inc.
The firm delivers high quality, fully integrated engineering, operational, geological, geophysical, petrophysical, and economic solutions for all facets of the upstream energy industry. About NSAI Netherland, Sewell & Associates, Inc.
(the Company or ReconAfrica) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces an agreement for a joint exploration project in Angola with the Agncia Nacional de Petrleo, Gs e Biocombustveis or National Oil, Gas and Biofuels Agency (ANPG). This will be the Companys largest exploration prospect drilled so far.
According to Chevron, the field is expected to recover an estimated 150 million barrels of oil equivalent (gross) over its lifetime a sizable volume that contributes significantly to the companys deepwater reserves and long-term output forecasts. Partnership and Ownership The project is operated by Chevron U.S.A.
The guidance only refers to market pricing and does not factor in operational performance like changes to production or costs, the company said. Exxon expects some respite from refining margins, which will add about $300 million to earnings, the company said.
Crudeoil is one of the most vital commodities in the world, powering industries, transportation, and economies globally. What Are Direct Oil and Gas Exploration Investments? As an investor, you’re entitled to a portion of the profits, but you also bear some operational costs. Tax Advantages: The U.S.
during that time as the countrys first liquefied natural gas export plant prepares to start operation later this year on the British Columbia coast. We think condensate is a good place to be in the next few years as oil sands diluent demand ramps up, Rix said. a drilling rig contractor operating in Canada, the U.S.
Scheduled maintenance in oil and gas production during the current quarter will lower output by about 105,000 boepd, the company said. Refining profit improved from the previous quarter, when Chevrons downstream operations reported the first loss in four years. Bonner said the company is operating unrestricted.
Despite the headwinds, Auchincloss highlighted BPs highest upstream operating efficiency in the history of the business, which included the best refinery availability in more than 20 years. Keeping operations online, which was not always the case in 2024, will be key to helping deliver a turnaround.
The proposed rule change, which would mostly affect onshore oil and gas drilling in the U.S. West, would ease limits on so-called commingling, which the department said would make operations more efficient. President Donald Trump’s tax cut law directed the Interior secretary to approve commingling applications. Current U.S.
But several shale companies have warned that weak oil prices would take a toll on output, with drillers including Diamondback Energy Inc. operators will drill and complete fewer wells through 2026, the EIA estimated. Already, the number of rigs drilling for crude in the U.S. saying production has already peaked.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content