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The first quarter of 2025 has seen a remarkable surge in oil and gas mergers and acquisitions (M&A) within the upstream oil and gas sector, with transactions totaling $17 billion. Large public E&Ps are consolidating premium inventory in core regions like the Permian, where high-quality assets are scarce and valuations are steep.
(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. 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) – 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. This is an enormous opportunity as we grow bps oil and gas business and fully aligned with our strategy of strengthening our upstream portfolio.
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.
Upstream Midstream Downstream are terms commonly used in the oil and gas industry to describe different stages of the production and distribution process. What is oil and gas upstream midstream downstream? Upstream involves locating, surveying, drilling, and extracting crude oil and natural gas from underground reservoirs.
For investors, this sector offers diverse opportunities, ranging from upstream exploration to downstream refining and distribution. Upstream Investments; Exploration and Production (E&P): The upstream sector involves the search for oil and gas reservoirs and the extraction of these resources.
Flotek has an intellectual property portfolio of over 130 patents, 20+ years of field and laboratory data, and a global presence in more than 59 countries. The company’s top tier technologies leverage real-time data to deliver innovative solutions to maximize customer returns. ProFrac Holding Corp. SOURCE Flotek Industries, Inc.
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 meeting further discussed leveraging Halliburton’s expertise in developing brownfields.
British Columbias upstream oil and gas sector has seen a surge in well permitting activity over the last few yearsbut drilling activity hasnt kept pace. Infrastructure constraints , especially in remote fields like Sunrise, Altares, and Town. Want to know which operators and fields are sitting on the largest permit backlogs?
Ward, is an upstream LP focused almost entirely on the Mid-Continent. Budget and 2025 outlook: Mach’s capital spending in 2024 totaled about $60 million in Q4 (including $56 MM on upstream development). Mach Natural Resources (Mach Resources) – Mid-Continent Focus Mach Natural Resources (NYSE: MNR), led by CEO Tom L.
The discovery “involved a small quantity that was initially seen as commercially unattractive to develop into a production field”, Staatsolie said. Paradise Oil Co. NV, a subsidiary of Suriname’s state-owned Staatsolie Maatschappij Suriname NV, owns 20 percent.
The field represents Chevrons first development in the Norphlet geological trend, highlighting its expanding technical reach and exploration success in the region. holding a 60% working interest, with TotalEnergies E&P USA, Inc. Partnership and Ownership The project is operated by Chevron U.S.A. owning the remaining 40%.
production increased versus the prior year, due to: Increased output from existing fields Higher ownership from new transactions in U.S. BP achieved upstream plant reliability of 95.4%, one of its best on record, and refining availability at 96.2%. TWh , the same as Q1 2024. BP reported Adjusted EBITDA of $8.7 shale basins.
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