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is pleased to announce that Ron Gusek, CEO of Liberty Energy and Amerino Gatti, Executive Vice President of Oilfield Services & Equipment for Baker Hughes have been confirmed as keynote speakers at EnerCom Denver – The Energy Investment Conference. (Oil Gatti served on the Board of Helix Energy Solutions Group, Inc.
(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. CanCambria Energy Corp. About CanCambria Energy Corp. CanCambria Energy Corp. Register to attend.
bp, which has pivoted away from its failed low-carbon strategy to focus more on fossil fuels, signed a memorandum of understanding to study reviving two huge oil fields in Libya, it said in a statement on Tuesday. The document outlines a framework for how the energy companies might work together and assess a range of technical data.
The transaction involves the sale of the shares of Tullow Kenya BV by Tullow Overseas Holdings BV to Gulf Energy’s Auron EnergyE&P Ltd. We’d love to hear from you, join the conversation on the Rigzone Energy Network. MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX!
Prices have begun to climb because after years of heavy drilling in the top shale fields, the most productive areas have been exhausted. According to the Bank of Montreal, oil sands producers Canadian Natural Resources, Suncor, Cenovus, Imperial Oil and MEG Energy currently have combined net debt, excluding lease liabilities, of C$33.9
and TotalEnergies SE are competing in Libya’s first energy exploration tender since the 2011 conflict, the country’s state-run oil firm said, as the OPEC member looks to oil majors to help ramp up production to a record. The development of its north Jalo field alone would add 100,000 barrels. (World Oil) – Chevron Corp.
The M&A market was a hot topic at this year’s EVOLVE Conference, where we heard from industry experts discussing “ The Next Act for Energy M&A. However, this surge was largely driven by a single player: Diamondback Energy. Private equity funding for E&P ventures has dropped sharply, especially outside the Permian.
This intelligent fracturing process combines automated stage execution with subsurface feedback to optimize delivery of energy into the wellbore without relying on human intervention. We built the digital environment down to the field level and enable our customers to test their best ideas.”
In particular, Viaro will prioritise the development of the Selene discovery – one of the largest gas fields in the UK Southern North Sea in the past decade. Viaro Energy CEO Francesco Mazzagatti commented: “Deltic’s portfolio represents a natural fit with Viaro’s existing assets and strategic focus in the North Sea.
Wood Mackenzie noted in its release that ExxonMobil found over eight billion barrels of new field resources on a net equity basis since 2015, which it said is more than any other company over the decade. We’d love to hear from you, join the conversation on the Rigzone Energy Network.
Liberty Energy Inc. Field Efficiency Meets Tech Breakthroughs CEO Ron Gusek credited Liberty’s integrated service model and field execution for the quarter’s solid financials, citing record operational efficiencies and high equipment utilization. The company generated $71 million in net income , or $0.43
“The two companies aim to establish an industry standard for innovation and economic growth” Repsol-NEO JV In March Spain’s Repsol and Aberdeen-based NEO Energy Group Ltd. We’d love to hear from you, join the conversation on the Rigzone Energy Network. There’s a reason 700K+ energy professionals have subscribed.
Actually, it was in late 2024 that the wireline sector witnessed a big move, when Axis Energy Services merged with Brigade Energy Services to create what the combined company—Dallas-based Axis Energy Services LLC —described as the largest well servicing company in America. We started off logging for Diamondback Energy.
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.
Image by daizuoxin via iStock PT Medco Energi Internasional Tbk. from Repsol E&P S.a.r.l. The Corridor PSC has seven producing gas fields and one producing oil field, all located onshore in South Sumatra, Indonesia, MedcoEnergi said. part of the West Natuna Group Supply Group) and Medco E&P Grissik Ltd.
You can’t do ‘Drill, Baby, Drill’ overnight,” said Tom Seng, an assistant professor of energy finance at Texas Christian University in Fort Worth. strikes on Iran’s three main nuclear sites over the weekend stoked concerns of disruptions to energy flows from the Middle East, which accounts for about a third of global crude supply.
Gen AI is everywhereâexcept in company P&L About QuantumBlack, AI by McKinsey QuantumBlack, McKinseyâs AI arm, has been helping businesses create value from AI since 2009, expanding on McKinseyâs technology work over the past 30 years. Whatâs more, only 1 percent of enterprises we surveyed view their gen AI strategies as mature.
In collaboration with the NOC, TotalEnergies has achieved a 20% increase in production at the Waha field; Repsol plans to drill nine new prospects in 2025; while Eni is planning four exploration wells in 2025. Unlocking new E&P markets A slate of discoveries in recent years have opened up new oil and gas plays across the continent.
(World Oil) –MOL has discovered a new oil field near Somogysmson in Western Hungary. This new discovery will also help meet the country’s energy needs. MOL has ambitious E&P investment plans. During the exploration drilling carried out in December 2024, oil was found at a depth of 1,250 meters.
(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. BP is one of the major developers of the Alberta Oilsands, and a global energy company based in the UK. Mohammed Shia’ Al Sudani, H.E.
The transaction, which is subject to the satisfaction of certain conditions including regulatory approval, will increase Ithaca Energys working interest in Seagull from 35% to 50%, equalling bps interest as the field operator.
(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. Register to attend. With the publication of this announcement, this information is now considered to be in the public domain.
(Oil & Gas 360) – Publisher’s Note: CanCambria Energy will be presenting at EneCom Denver – The Energy Investment Conference on August 17-20, 2025. CanCambria Energy Corp. CanCambria Energy Corp. About CanCambria Energy Corp. CanCambria Energy Corp. Register and reserve your room.
(Oil & Gas 360) – CanCambria Energy Corp. TSXV: CCEC ) ( FSE: 4JH ) is pleased to announce that it has been granted its first drilling permit from the Hungarian Mining Directorate for the CC- Ba-E-2 appraisal well at its 100% owned Kiskunhalas tight gas project in Hungarys Pannonian Basin. About CanCambria Energy Corp.
(Oil & Gas 360) – Publisher’s Note: Zephyr Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. 10,000′ to 15,000′ laterals) for the purpose of field development planning, with potential gas EURs ranging from 9 to 37.5
(Oil & Gas 360) –MIDLAND, Texas, June 03, 2025 (GLOBE NEWSWIRE) — Viper Energy, Inc. NASDAQ:VNOM) (Viper or the Company), a subsidiary of Diamondback Energy, Inc. About Viper Energy, Inc. About Diamondback Energy, Inc. Viper defines Adjusted EBITDA as net income (loss) attributable to Viper Energy, Inc.
Publisher’s Note: New Era Helium will present at EnerCom DenverThe Energy Investment Conference on August 17-20, 2025. The legacy system, owned and operated by a third party, experiences approximately 25% Field Loss and Unaccounted For (FL&U) gas, leading to substantial financial and environmental impacts. Register to attend.
(World Oil) – SLB has been awarded a major drilling contract by Australian independent Woodside Energy for its ultra-deepwater Trion development project, offshore Mexico. Woodside is developing the field in partnership with Pemex. Manufacturing is currently on track. First production is targeted in 2028.
(BOE Report) –NEW YORK (Reuters Breakingviews) Oil fields are just as quick to make fortunes as break them. A mere two years later, over-extraction drove the field into decline. With even remote fields like Alaskas North Slope sputtering and the cost to find and extract an additional barrel of oil rising, collapse loomed.
(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 & Gas 360) Publisher’s Note: Whitecap Resources will be presenting at the 30th Anniversary EnerCom Denver-The Energy Investment Conference at the Westin Denver Downtown on August 17-20, 2025. The transaction is expected to close before May 30, 2025.
Mr. Bayon is recognized as one of the most effective energy executives in Latin America with more than three decades of accomplishments in the international oil and gas industry. including his tenure as CEO of Pan American Energy , one of the leading private hydrocarbon producers in Argentina, from 2005 to 2010. and the U.K.,
The oil and gas sector has long been a cornerstone of the global economy, providing energy, raw materials, and substantial economic contributions. Upstream Investments; Exploration and Production (E&P): The upstream sector involves the search for oil and gas reservoirs and the extraction of these resources.
Publisher’s Note: Flotek Industries will present at EnerCom DenverThe Energy Investment Conference on August 17-20, 2025. is a leading chemistry and data technology company focused on servicing the Energy industry. Register to attend. Flotek Industries, Inc. ProFrac Holding Corp. SOURCE Flotek Industries, Inc.
In the United States, this idea has taken on the character of prophecy, re-emerging every few years with new data, new fears, and new consequences for energy markets. production to historic highs and flipped the country from an energy importer to a net exporter. This American energy renaissance largely occurred in Texas.
Additionally, the two oil and gas leaders reviewed opportunities for Halliburton to enter the field of exploration and production (E&P) through the opportunities available on Egypt Upstream Gateway (EUG). The post Badawi Seeks Fostering Bilateral Cooperation during CERAWeek 2025 first appeared on Egypt Oil & Gas.
PETRONAS Energy Canada Ltd. Other notable operators include Pacific Canbriam Energy and ARC Resources , which also show significant gaps between licensing and spudding. Infrastructure constraints , especially in remote fields like Sunrise, Altares, and Town. Whats Driving the Delay?
By Leta Seletzky : In Seagull EnergyE & P, Inc. Railroad Comm’n, No. 03-0364, 2007 WL 1299163 (Tex. The petitioner also asserted that the Commission’s denial of the permit amounted to an unconstitutional taking of gas in the sand from which the well would produce.
The discovery “involved a small quantity that was initially seen as commercially unattractive to develop into a production field”, Staatsolie said. We’d love to hear from you, join the conversation on the Rigzone Energy Network. MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX!
(Oil & Gas 360) –April 17, 2025, Calgary, Alberta, Canada Reconnaissance Energy Africa Ltd. Our regional geological models indicate that the promising Fold Belt play, known for hosting some of the worlds largest fields and covering extensive areas, likely extends into Angola.
Chevron Corporation, one of the worlds leading integrated energy companies, has announced the start of oil and natural gas production from the Ballymore subsea tieback project, located in the deepwater Gulf of America. holding a 60% working interest, with TotalEnergies E&P USA, Inc. owning the remaining 40%.
Austin Chalk Emerges as South Texas Top Target As Tier 1 Eagle Ford drilling locations dwindle, South Texas energy producers are turning to an overlooked formation to keep the gas flowing. Energy Information Administration (EIA), gas production in the Eagle Ford region is expected to rise from 6.8 According to the U.S. Bcf/d by 2026.
3] Tauren subsequently assigned a 49% interest in the lease to Cubic Energy, Inc. 24] Defendants’ expert testified that the property was outside the core Haynesville Field and, therefore, less valuable. [25] EP EnergyE&P Co., Axis Energy, Corp. 4] In 2007, Fossil Operating, Inc. 8 (citing La.
Upstream: Activities: Upstream refers to the exploration and production (E&P) phase of the oil and gas industry. Assets: Upstream assets include oil and gas fields (land and mineral rights), drilling rigs, production platforms, and wells. Related Information Why invest in North American energy, and why now?
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