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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
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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. World Oil) – The methane intensity of oil and gas production in the Permian basin—an area responsible for half of U.S. Absolute annual 2024 methane emissions decreased by 21.3

E&P
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TotalEnergies starts production from two offshore Angola projects

Oil & Gas 360º

(World Oil) – TotalEnergies has announced the start of production from the BEGONIA and CLOV Phase 3 offshore Angola projects, which together will add a total of 60,000 bpd of new production. Africa Closing Bell Story‎ Crude Oil Featured Offshore Angola projects Crude oil production offshore TotalEnergies

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Record Permian output boosts Exxon’s Q2 results

Oil & Gas 360º

(Oil Price) – Despite the slide in oil prices in the second quarter, ExxonMobil ( NYSE: XOM ) reported on Friday earnings that exceeded analyst estimates on the back of increased oil and gas production in the U.S. Year-to-date net production rose by 13%, or 520,000 oil-equivalent barrels per day, to 4.6

E&P
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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.

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

Oil & Gas 360º

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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. “The company has set a new benchmark in opening up a deepwater frontier at pace.