Remove E&P Remove Gas Remove Upstream
article thumbnail

U.S. Majors Cash In as Permian Dominance Widens the Oil Gap

OilPrice

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.

E&P 322
article thumbnail

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. 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

E&P 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

TotalEnergies starts production from two offshore Angola projects

Oil & Gas 360º

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.

Offshore 130
article thumbnail

Navigating the M&A Landscape in 2025: Insights for Small to Mid-Sized Upstream Operators

Enverus

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.

Upstream 130
article thumbnail

Global upstream M&A plunges 34% in first half of 2025

Oil & Gas 360º

© 2024 Oil & Gas 360 ®. Oil & Gas 360 ® P.O. Box 100938 Denver, CO 80250 Linkedin X-twitter Facebook Youtube Sign up to receive daily news and stock prices from Oil & Gas 360® directly in your email inbox. All Rights Reserved.

article thumbnail

Who is the Upstream Industry's Most Admired Explorer?

Rigzone

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.

article thumbnail

Texas oil and gas jobs increased in May despite market turmoil, new report says

Oil & Gas 360º

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.

Gas 130