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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. The M&A market was a hot topic at this year’s EVOLVE Conference, where we heard from industry experts discussing “ The Next Act for Energy M&A.

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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. We’d love to hear from you, join the conversation on the Rigzone Energy Network.

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Nigeria’s GEIL exports first crude from new onshore terminal

Oil & Gas 360º

(World Oil) – Nigerian energy company Green Energy International (GEIL) has completed the development of the Otakikpo onshore terminal, situated in OML 11 near Port Harcourt. GEIL has since received regulatory approval from the government to boost production to 30,000 bpd under a revised field development plan.

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Texas Industry Groups Look at June Upstream Employment

Rigzone

Image by shih-wei via iStock According to the Texas Independent Producers and Royalty Owners Association’s (TIPRO) analysis, direct Texas upstream employment for June totaled 205,400. TIPRO said in the statement that fluctuations in monthly employment are normal and subject to revisions with CES data. percent, and Texas down by 7.6

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CNOOC Announces Seventh Upstream Startup in Chinese Waters This Year

Rigzone

Brent Crude $66.90 +0.65% Natural Gas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS CNOOC Announces Seventh Upstream Startup in Chinese Waters This Year by Jov Onsat | Rigzone Staff | Monday, June 09, 2025 | 3:37 AM EST Weizhou 5-3 is expected to reach a peak output of about 10,000 bpd next year. feet) deep.

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EON Energy acquires 94 percent interest in South Justis field in Lea County

Permian Basin Oil and Gas Magazine

Houston-based EON Resources, independent upstream energy company with properties in Permian Basin, said last week that subsidiary EON Energy agreed with WPP NM and Northwest Central to acquire all their interests in South Justis field in Lea County, N.M. EON is acquiring 5,360 leasehold acres with a total of 208 wells.

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Oil Review Middle East - Untitled Article

Oil Review Middle East

Upstream natural gas spending is set to maintain the levels seen in 2024. Together, upstream oil and gas investment for 2025 is forecast at less than US$570bn, a decline of around 4%. Of this, 40% is dedicated to slowing down production declines at existing fields.