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Unlocking new E&P markets A slate of discoveries in recent years have opened up new oil and gas plays across the continent. Unlocking new E&P markets A slate of discoveries in recent years have opened up new oil and gas plays across the continent. Algerias Sonatrach will increase hydrocarbon production by 2.5%
TotalEnergies expects the results in its exploration & production (E&P) division to reflect the higher production compared to the same quarter last year, as well as a price TotalEnergies expects its first-quarter oil and gas production to have increased by almost 4% on the year to the high end of the quarterly guidance range of 2.5
Energy Development Corporation Founded in 1980 and headquartered in Fort Worth, Texas, USEDC is a privately held exploration and production (E&P) firm that manages assets for itself and its partners. from $165 million to $300 million Fort Worth, TX U.S. Increased Citibank, N.A. from $165 million to $300 million.
(BOE Report) – U.S. shale producer Continental Resources has filed a lawsuit against Hess Corp alleging that it was defrauded out of up to $69 million through a series of deals the well operator conducted with its subsidiaries. Continental Resources said it does not comment on pending litigation.
The post E&P Leaders Count on IFS to Deliver Market Leadership, Proven Performance, and Reliability in Oil & Gas appeared first on IFS Blog. It is no secret the last couple of years brought market uncertainty to the global upstream oil and gas industry.
(World Oil) – GeoPark Limited, an independent oil and gas company with over 20 years of successful operations across Latin America, announces the appointment of Felipe Bayon as its new Chief Executive Officer and a member of the Board of Directors, effective June 1, 2025.
(Oil Price) – Chevron will boost the so-called triple fracs fracturing three wells with one frac spread at one time to more than half of its wells in the Permian basin, a Chevron executive told Reuters , amid efforts to reduce the costs and times of fracking at the worlds top shale basin. supermajor, told Reuters in an interview.
The Nigerian National Petroleum Company (NNPC) and its joint venture (JV) partner FIRST Exploration & Petroleum Development Company (FIRST E&P) have confirmed a
The private equity sponsored E&P was able to garner such a large premium for its land because high consolidation over the last few years has left few attractive private companies for the public E&Ps to target. Diamondback set a record in the Permian Basin with its acquisition of Double Eagle IV.
Despite generally cautious investor sentiment on oil markets, the energy sector has had a strong start to 2025, rising 8% year-to-date, outperforming the S&P 500 index by around 10%, according to analysts at Morgan Stanley, in a note dated March 26. (Investing) –The U.S.
Leveraging Corvas Platform-as-a-Service and drilling solutions, Nabors aims to extend its operational reach across diverse data residency jurisdictions and accelerate entry into new markets by strengthening services for E&P customers and third-party drilling contractors.
Ecopetrol said it 'plans to provide additional information regarding the closing of the transaction in due time through the legally authorized channels'.
Pintail operates more than 30 active fleets and maintains relationships with blue chip E&P companies (exploration and production) by delivering service, safety, low emissions and fuel cost efficiencies. The Midland company is a leading provider of oilfield wireline services in the Permian Basin.
The private equity sponsored E&P was able to garner such a large premium for its land because high consolidation over the last few years has left few attractive private companies for the public E&Ps to target. Upstream M&A opened 2025 with $17 billion in deal value, the second-best start to a year since 2018.
(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.
The Trans Energy settlement shows that exploration and production (E&P) companies need a rigorous compliance strategy for wetlands permit requirements. On the other hand, the legal commentary has virtually ignored the importance of Nationwide Permits (NWPs) 12 and 39 to E&P activities. See 77 Fed. 10184 (Feb.
The issue of whether a company is an independent contractor of an E & P company is frequently litigated in oilfield injury accidents, as the injured worker searches for multiple sources of possible recovery. In McDaniel v R.J.’s s Transportation, LLC , —- So.3d In McDaniel v R.J.’s s Transportation, LLC , —- So.3d
The issue of whether a company is an independent contractor of an E & P company is frequently litigated in oilfield injury accidents, as the injured worker searches for multiple sources of possible recovery. In McDaniel v R.J.’s s Transportation, LLC , —- So.3d In McDaniel v R.J.’s s Transportation, LLC , —- So.3d
MOL has ambitious E&P investment plans. We are discovering previously unknown hydrocarbon deposits one after the other and further strengthening the country’s security of supply: with the oil deposits in Vecss and Tura and the natural gas fields in Eastern Hungary, we have reached a five-year peak in domestic production.
Viridien has announced a sale of its Sercel Marlin Offshore Logistics management solution to Oil and Natural Gas Corporation (ONGC) to enhance operational efficiency and safety across its Western offshore E&P operations in India.
In Summit , the Sixth Circuit concluded that EPA’s interpretation of the term “adjacent” in the context of source aggregation under the Clean Air Act’s Title V and NSR permitting was unreasonable in its application to geographically dispersed oil and gas facilities. For more on the Summit directive, see our previous blog entry here. See 40 C.F.R.
Tethys Oil, now under Chinese ownership, is shifting its focus in Oman away from its only producing asset Blocks 3&4 (CCED 50%op, Tethys 30%, Mitsui E&P 20%), where output continues its steady downwards trajectory, hitting a decade-low 27,000 b/d for 2024.
Operators may now have the potential to sell carbon credits in exchange for the P&A of inactive, shut-in, or temporarily abandoned wells. Although Louisiana is allocating significant funds to P&A orphan wells, there is a lack of financial incentive for operators to address AOOG wells. Well Eligibility.
New Era Helium, Inc. These estimates reflect the Companys production and does not take into account the remaining volumes that are gathered and treated by this aging system each day. The Company is also working closely with the New Mexico State Land Office to ensure alignment with regulatory standards. Will Gray II, CEO of New Era Helium, Inc.,
Privacy Policy: By subscribing to Liskow & Lewis’ E-Communications, you will receive articles and blogs with insight and analysis of legal issues that may impact your industry. 2] Draft 2023 Coastal Master Plan, p. 3] Draft 2023 Coastal Master Plan, p. 1] [link] ; [link]. [2]
Transaction Highlights Transforms EOG into a leading Utica E&P The acquisition of Encinos 675,000 net core acres significantly increases EOGs Utica position to a combined 1,100,000 net acres, representing more than two billion barrels oil equivalent of undeveloped net resource. The indicated annual rate is $4.08.
Japan Petroleum Exploration (Japex) is prioritizing investment in oil and gas exploration and production (E&P) through 2030 - revising an earlier plan to aggressively expand its renewables businesses
(World Oil) –Chevron Corp. plans to lay off nearly 800 employees in the Permian basin, its biggest oil-production operation globally. The bulk of the reductions will come from Chevrons Midcontinent campus on the outskirts of Midland, Texas, the company said in a filing with the Texas Workforce Commission.
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. Conference Dates: August 1720, 2025. Benefitting IN! www.imacorp.com
Co-owner TotalEnergies E&P USA, Inc. (Oil & Gas 360) –HOUSTON(BUSINESS WIRE) Chevron Corporation ( NYSE: CVX ) announced today that it started oil and natural gas production from the Ballymore subsea tieback in the deepwater Gulf of America. Malo facilities. Chevron subsidiary Chevron U.S.A.
It also bought Japex UK E&P March 25, adding 15 percentage points to its existing stake in Seagull which now stands at 50%. Ithaca Energy will be able to make material dividend distributions to shareholders following the completion of its merger with Eni UK in October, it said March 26. First production is expected in 2026/27.
This does not, of course, mean they are right and Wood Mac analysts are wrong. It simply means that nothing is certain until it happens. And it seems that the slowdown in the Permian is already happening. That handful will probably be the ones bringing the Permians total output to its predicted peak of 7.7
. §§ 51.166(b)(6); 71.2. The question of what is “contiguous or adjacent” has long been vexing for the exploration and production industry. Under different administrations, EPA has changed its guidance on the meaning of this phrase. Environmental Protection Agency, No. 09-4348, slip op. at 15 (6th Cir. at 16 (emphasis added).
(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. Indeed, Big Oil has finally accepted it will not transform into Big Green Power and has gone back to what it does best: hydrocarbons.
(World Oil) – South Africa has officially established its new state-owned oil corporationSouth African National Petroleum Company (SANPC). The issue for us is to focus on inclusive growth. This country can have between 5% and 8% annual growth if we use our oil and gas reserves. We have oil, we have gas, so we must exploit it.
Anadarko E & P Onshore, LLC, 676 S.W.3d Anadarko E& P Onshore, LLC, no. Anadarko E & P Onshore, LLC, Cromwell obtained leases covering a small fractional interest in multiple sections in Loving County, Texas. Anadarko Petroleum Corp., 3d 73, 93 (Tex. 3d 860 (Tex. —El Paso, 2023 pet.
Leveraging Corvas Platform-as-a-Service and drilling solutions, Nabors aims to extend its operational reach across diverse data residency jurisdictions and accelerate entry into new markets by strengthening services for E&P customers and third-party drilling contractors.
World oil demand rose by 990,000 barrels per day (bpd) in the first quarter of 2025. But the remainder of the year will see demand growth at just 650,000 bpd, the agency said in its closely-watched monthly Oil Market Report for May. Due to the decline in oil prices and signals from the U.S. shale production for the second month in row.
With the publication of this announcement, this information is now considered to be in the public domain. based capital provider focused in the energy sector (the “Investor”) to fund growth in the Company’s non-operated asset portfolio in theWilliston BasininNorth DakotaandMontana,U.S.(“Transaction”).
Badawi emphasized the ministry’s commitment to supporting partnerships, overcoming challenges, and delivering tangible results within its strategy to boost domestic natural gas production.
(World Oil) –Colombias state-owned Ecopetrol SA is considering buying Carlyle Groups oil driller in the nation as it looks to boost reserves and output, its top executives said in an interview. Carlyle Group is seeking to sell SierraCol Energy Ltd., Colombias biggest independent oil producer, for $1.5 billion, Reuters reported last month.
This transaction positions Viper to compete for capital with mid and large cap North American E&Ps; except with higher margins, minimal operating costs, and the lowest dividend breakeven in the space. The transaction is subject to customary regulatory approvals and is expected to close in the third quarter of 2025. per share quarterly).
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