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Permian methane emissions dropped 50% in two years, analysts say

Oil & Gas 360º

(World Oil) – The methane intensity of oil and gas production in the Permian basin—an area responsible for half of U.S. The latest data for the year 2024 show the methane emissions intensity of upstream oil and gas operations in the region to be 0.44% per barrel of oil equivalent—a 29% reduction from the previous year. .

E&P 130
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bp, Shell sign deals for Libya exploration and redevelopment

Oil & Gas 360º

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. bp’s agreement covers the Sarir and Messla oil fields, which were discovered in 1961 and 1971, respectively.

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Chevron and Halliburton Enable Intelligent Hydraulic Fracturing

Oil & Gas 360º

We built the digital environment down to the field level and enable our customers to test their best ideas.” Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry.

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Tullow Sells Kenyan Business to Gulf Energy

Rigzone

The transaction involves the sale of the shares of Tullow Kenya BV by Tullow Overseas Holdings BV to Gulf Energy’s Auron Energy E&P Ltd. for at least $120 million in cash. The assets to be sold hold about 463 million barrels of 2C resources, London-based Tullow said in a statement online.

Energy 95
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Who is the Upstream Industry's Most Admired Explorer?

Rigzone

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. Congratulations to John Ardill and the entire exploration team,” he continued.

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Repsol Taps Halliburton to Support UK North Sea Operations

Rigzone

“This strong asset base will enable the company to continue to deliver operational efficiencies while pursuing organic growth” Repsol UK holds interests in 48 producing and non-producing oil and gas fields. NEO UK’s portfolio includes Penguins, Culzean, Gannet, Shearwater, Britannia Area and Elgin Franklin.

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Oklahoma Operations of Key Oil & Gas Companies (2025)

Oil Gas Leads

MBOE/d (24% oil, 52% natural gas, 24% NGL), generating $241 million in revenue for the quarter. Notably, the Anadarko production mix is heavily natural gas and NGLs , with only on the order of 14–16% oil – reflecting the liquids-rich gas character of the STACK’s Woodford/Meramec formations.