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Upstream oil and gas—industry-speak for the exploration and production end of the business—has always been a game of geology, timing, and money. oil majors are holding the better hand in the world of E&P. Right now, U.S. And the reason is simple: they’ve got the Permian, and Europe doesn’t.
(World Oil) – The methane intensity of oil and gas production in the Permian basin—an area responsible for half of U.S. World Oil) – The methane intensity of oil and gas production in the Permian basin—an area responsible for half of U.S. Given that methane is a potent greenhouse gas, the reduction was equivalent to 11.1
TotalEnergies also announced the first oil from CLOV Phase 3 in Block 17, in agreement with ANPG and its partners Equinor (22,16%), ExxonMobil (19%), Azule Energy (15.84%) and Sonangol E&P (5%). Located 140 km from the Angolan coast, CLOV Phase 3 is a 30,000 bpd project consisting of four wells subsea tie-back to the CLOV FPSO.
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. Private equity funding for E&P ventures has dropped sharply, especially outside the Permian.
by Andreas Exarheas | Rigzone Staff | Monday, June 30, 2025 | 6:54 AM EST Wood Mackenzie reveals who was crowned the 'most admired upstream explorer' in the company's latest Annual Exploration Summit Survey. “Drilling around existing infrastructure has a role to play but these prospects are not sufficient.
Bureau of Labor Statistics (BLS), the Texas Independent Producers and Royalty Owners Association (TIPRO) has highlighted new employment figures showing an increase in upstream employment in Texas in the month of May. This represented an increase of 600 jobs in the services sector and 1,600 jobs in oil and gas extraction.
(Oil & Gas 360) – Publisher’s Note: Mach Natural Resources will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. First quarter 2025 average production was approximately 11 Mboe/d, of which 98% was liquids, 2% was natural gas. Register to attend.
oil and gas drilling activity saw a notable rebound this past week, driven primarily by a surge in natural gas rigs. According to the latest Baker Hughes Rig Count, the total number of active rigs rose by seven—the largest weekly gain since December—reflecting growing optimism in the gas sector as prices climb.
For the past 30 years, EnerCom Denver has been the largest independent investor conference for the global oil and gas and broadening energy industry that is open to all energy companies, investors, and professionals to participate. This year’s conference will occur August 17-20, 2025, at T he Westin Denver Downtown.
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. Indeed, industry data indicates Ovintiv added an extra rig in Oklahoma early 2025 as gas prices improved.) Liquids” includes crude oil and NGLs.
(Oil & Gas 360) – Register for EnerCom Denver – The Energy Investment Conference, August 17-20, 2025 , featuring a broad group of public and private energy companies at www.enercomdenver.com at The Westin Denver Downtown.
(Oil & Gas 360) – Join us as we celebrate three decades of bringing together the energy industry’s companies, investors, analysts, and industry leaders. News & World Report and Best Lawyers “Best Law Firms” 2023 survey ranked Haynes Boone in National Tier 1 in Oil & Gas Law.
For the upstream players to abandon capital discipline on a geopolitical event like this is unlikely,” said Dan Pickering, chief investment officer at Pickering Energy Partners in Houston. Price spikes from geopolitical event rarely last, said Al Salazar, head of macro oil & gas research at energy consultant Enverus. “So
(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. These efforts reflect a broader trend across the continent, where NOCs are leaning on foreign partnerships to advance oil and gas production.
Calgary, Alberta (April 23, 2025) Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is releasing its summary of 1Q2025 upstream M&A activity and outlook for the rest of the year.
(World Oil) – Enverus Intelligence Research (EIR), a subsidiary of Enverus, is releasing its summary of 1Q2025 upstream M&A activity and outlook for the rest of the year. Upstream M&A opened 2025 with $17 billion in deal value, the second-best start to a year since 2018.
It is no secret the last couple of years brought market uncertainty to the global upstream oil and gas industry. The post E&P Leaders Count on IFS to Deliver Market Leadership, Proven Performance, and Reliability in Oil & Gas appeared first on IFS Blog.
(Oil & Gas 360) – April 22, 2025 – For over 25 years, global petroleum consultancy Netherland, Sewell & Associates, Inc. NSAI) has hosted its highly regarded Oil & Gas Property Evaluation Seminar. NSAI is pleased to announce it is hosting a two-day session in Dallas on May 5 th and 6 th.
(Oil & Gas 360) – April 22, 2025 – For over 25 years, global petroleum consultancy Netherland, Sewell & Associates, Inc. NSAI) has hosted its highly regarded Oil & Gas Property Evaluation Seminar. NSAI is pleased to announce it is hosting a two-day session in Dallas on May 5 th and 6 th.
(Oil Price) –Natural gas producer EQT Corporation has agreed to buy upstream and midstream assets of Olympus Energy for $1.8 billion in a deal that would bolster EQTs inventory in the Marcellus and Utica shale gas regions. Source: Yahoo News The total consideration of $1.8 By Tsvetana Paraskova for Oilprice.com
Upstream Midstream Downstream are terms commonly used in the oil and gas industry to describe different stages of the production and distribution process. Each sector has distinct activities and focuses on specific aspects of the overall oil and gas supply chain. What is oil and gasupstream midstream downstream?
Presentation opportunities are available for E&P, Midstream, OFS, Minerals, and Energy Transition companies Sponsorship opportunities are available for companies seeking to increase their marketplace awareness DENVER March 4, 2025 EnerCom, Inc.
Enverus Intelligence Research (EIR), a subsidiary of Enverus, an energy-dedicated SaaS company, released on April 23 its summary of 1Q2025 upstream M&A activity and outlook for the rest of the year. On top of that, upstream companies will now have to navigate significant headwinds from falling oil and equity values.
The presenting company lineup as of June 18, 2025, includes: Advantage Energy (TSX: AAV) Amplify Energy (NYSE: AMPY) Anschutz Exploration Armstrong Oil & Gas APA Corp. This year’s conference will occur August 17-20, 2025, at T he Westin Denver Downtown.
Huntsville, Alabama, USA – June 26, 2011: Close up of illuminated bp sign at gas station in Huntsville, Alabama. This discovery in the deepwater Gulf of America/Gulf of Mexico underscores how bp is in action to step up investment in exploration and strengthen its upstream portfolio under the strategy reset announced in February 2025.
The oil and gas sector has long been a cornerstone of the global economy, providing energy, raw materials, and substantial economic contributions. For investors, this sector offers diverse opportunities, ranging from upstream exploration to downstream refining and distribution.
This report analyzes upstream oil and gas production trends over the last three years, based on data from Rextag Energy DataLink. MMBBL 193 BCF Analysis: Hilcorp leads in gas production but is less significant in oil output. MMBBL 193 BCF Analysis: Hilcorp leads in gas production but is less significant in oil output.
Hess Corp has transferred value from its upstream assets to its midstream assets rather than operate with the best interests of non-operating working interest owners in mind, said the lawsuit filed in a federal court in Houston. Continental is based in Oklahoma City, Oklahoma.
The contract between North Oil Company (NOC), North Gas Company (NGC) and bp includes the rehabilitation and redevelopment of the fields, spanning oil, gas, power and water with potential for investment in exploration. BP is one of the major developers of the Alberta Oilsands, and a global energy company based in the UK.
Returning to Bergen, the event will bring together the E and P industry to expand technical knowledge, connect with innovators and leaders and address the key issues facing upstream oil and gas professionals. Over 30 years, the.
The petroleum industry is known to be one of the largest industries in the world, where oil and gas are the primary products produced by the industry. The industry has divided into several sectors, the upstream, i.e. E & P sectors are
upstream M&A reaching $105 billion in 2024the third highest as recorded by Enverusthe market shows no signs of slowing down, with high price tag deals being driven by the scarcity of high-quality inventory. 7] Acquire gas assets. Operators can turn to resource expansion opportunities that exist outside of core shale basins.[6]
Oil & Gas 360) – HOUSTON , April 28, 2025 / PRNewswire Opens in new window / — Flotek Industries, Inc. (“Flotek”) (NYSE: FTK) and ProFrac Holding Corp. Publisher’s Note: Flotek Industries will present at EnerCom DenverThe Energy Investment Conference on August 17-20, 2025. Register to attend.
Presentation opportunities are available for E&P, Midstream, OFS, Minerals, and Energy Transition companies Sponsorship opportunities are available for companies seeking to increase their marketplace awareness DENVER March 4, 2025 EnerCom, Inc.
Fieldwood Energy elev su produccin en Ichalkil y Pokoch a 11,500 barriles diarios en enero de 2025, con planes de perforacin e inversin de 523.24M USD este ao. Fieldwood Energy E&P Mxico ha logrado un aumento significativo en la produccin de crudo en los campos Ichalkil y Pokoch, alcanzando 11,500 barriles diarios en enero de 2025.
(Oil & Gas 360) – Join us as we celebrate three decades of bringing together the energy industrys companies, investors, analysts, and industry leaders! The presenting company lineup as of May 21, 2025, includes: Advantage Energy (TSX: AAVVF) Amplify Energy (NYSE: AMPY) Anschutz Exploration Armstrong Oil & Gas APA Corp.
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. But as of now, BCs oil and gas landscape is sitting on a large pool of untapped potential. The result?
On Wednesday, OPEC also cut its forecast of liquids supply from OPEC+s rivals including the United States, due to lower upstream spending amid falling oil prices. Due to the decline in oil prices and signals from the U.S. shale production for the second month in row.
Upstream earnings increased by $1.1 These mostly offset lower earnings due to a significant decline in industry refining margins, weaker crude prices, lower base volumes from strategic divestments, and higher expenses from growth initiatives, Exxon said. billion from a year earlier to $6.8 Exxons net production jumped by 20% to 4.6
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.
Brent Crude $78.03 +1.73% Natural Gas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Petronas Gets New Block offshore Suriname by Jov Onsat | Rigzone Staff | Thursday, June 19, 2025 | 7:53 AM EST The new acreage lies next to Petronas' Block 52, which contains the Fusaea, Roystonea and Sloanea discoveries. square miles).
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%.
The worlds largest energy companies have just released their Q1 2025 results, offering a detailed look at how the sector is holding up amid fluctuating commodity prices, ongoing supply chain pressures, and the growing influence of gas and LNG markets. billion in Q1 2024, impacted by lower realized oil and gas prices and adjusting items.
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