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operators to report an increase in active drillingrigs in the past year, according to Enverus’ latest Drill Down Report. ExxonMobil reported 39 working rigs as of July 4 (weekly average of 36.9 for an increase of 1 rig from 35.9 Occidental Petroleum reported 28 rigs (weekly average of 27.0
June 23, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. How oil prices are faring after U.S. Read more US oilrig count down by 1, says Baker Hughes Summary : For the week ended June 20, the total U.S. Read more Iran has an oil card to play.
When Vicki Hollub became the CEO of Occidental Petroleum nearly a decade ago, she made history as the first woman to lead a major U.S. oil and gas company. US Oil & Gas Operator Account Directory – $10 Buy Now Includes: Account Name, Location, Phone, Website, Wells Drilled…. crude oil production hit 13.2
Brent Crude $69.46 -0.09% Natural Gas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Touchstone Posts Production Numbers from Trinidad Asset by Rocky Teodoro | Rigzone Staff | Thursday, July 17, 2025 | 7:00 AM EST The acquired entity holds a 65 percent operating interest in the Central Block exploration and production license.
Alex Procyk July 21, 2025 2 min read Photo from Odfjell Drilling Vår Energi discovers gas-condensate west of Fenja field, drilled by the Deepsea Yantai drillingrig. million std cu m of oil equivalent (25-40 MMboe). The petroleum-water contact was encountered 3,513 m subsea.
Saudi oil and gas drilling contractor ADES Holding has secured a contract with Addax Petroleum, part of Sinopec Group, for its Admarine 510 jack-up drillingrig
The new drillingrigs boast high operational efficiency, faster well completion, and easy mobility between sites at a lower costenhancing the execution of plans in a more efficient and cost-effective manner, said Mohamed Abdel Mageed, Chairman of GPC, in a report to the Ministry of Petroleum and Mineral Resources.
Malaysias oil and gas services firm Velesto has secured a drilling contract by Phu Quoc Petroleum Operating Company (PQPOC) for its NAGA 4 jack-up drillingrig
crude oil production grew by 270,000 barrels per day in 2024 to average 13.2 million b/d, according to the latest Petroleum Supply Monthly from U.S. EIA reported, In 2024 the Permian region … produced more crude oil than any other region, accounting for 48 percent of total U.S. crude oil production. million b/d.
Oil majors ExxonMobil and Occidental Petroleum are the top operators in Permian Basin, according to a report May 27 from Enverus. The report said as of May 23 the latest weekly averages of active drillingrigs were 35.0 Other leading operators in Permian are Mewbourne Oil with 15.9, for ExxonMobil and 22.1
Malaysias oil and gas services firm Velesto has secured a drilling contract by Phu Quoc Petroleum Operating Company (PQPOC) for its NAGA 4 jack-up drillingrig
The award, which is the highest honor conferred by the PBPA each year, is given to acknowledge the tremendous contributions individuals have given to the oil and gas industry and the communities of the Permian Basin. Dennis Johnsonfounder, chairman, and CEO of Summit Petroleum LLCis someone who fits that description.
(Oil & Gas 360) – Calgary, Alberta (May14, 2025) Strathcona Resources Ltd. In light of low current oil prices, Strathconas updated long-range plan reflects a deferral of the sanction of the Lindbergh Phase 2 expansion project from 2026 to 2027 to prioritize near-term free cash flow generation. Tourmaline) for $291.5
A large workshop was held at the headquarters of Eni company in Milan, Italy, with the attendance of significant oil and gas leaders from Egypt. It is worth noting that Enis Saipem 10000 drillingrig is continuing developmental drilling operations as part of the fields development project.
Amid this backdrop, a growing number of Florida investors are turning to alternative investments, particularly direct investing in oil and gas drilling projects. Despite the push towards renewable energy sources, fossil fuels remain integral to the energy mix, and the demand for oil and gas is expected to persist for decades.
There is a new sheriff in the White House, and with his administration embracing the oil and gas industry, excitement and relief has permeated throughout. Enverus is an information technology company that provides analytics, insights, and technology to the oil and gas industry.
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