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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’s services include data, analytics, insight, events, and consultancy, the site highlights.
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
upstream M&A decelerated in the second quarter of 2025, Enverus Intelligence Research outlined in a statement sent to Rigzone recently. upstream M&A decelerated in the second quarter of 2025, Enverus Intelligence Research outlined in a statement sent to Rigzone recently. Image by Stefan Rotter via iStock U.S.
Image by Moussa81 via iStock New data from the Texas Workforce Commission indicate that upstream oil and gas employment climbed by 2,200 in May compared to April, and by 7,300 jobs through the first five months of 2025. percent increase and an average growth of 875 jobs per month. percent increase and an average growth of 875 jobs per month.
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.
This virtual event will deliver exclusive insights from Enverus experts on the key factors shaping the second half of the year—and what they mean for mineral owners, managers and investors. He brings more than a decade of experience advising companies and private equity firms on upstream investments. CT on July 15, 2025.
billion, of that capital allocated to upstream assets. Those events demonstrate the feverish rate at which critical infrastructure is being built out so production will expand at a solid clip. The company will inject up to $5.2 billion into its portfolio in 2025, with approximately two-thirds, or $3.6 This is part of a $1.5
Applied Computing sees opportunities across the sector's value chain from refining and petrochemicals to upstream and LNG, although its current focus is on downstream. It appears to be going places in its bid to bring AI to the oil and gas sector, which, as Adamson noted, is the most "under-optimised industry on earth."
Read the latest issue of Oilfield Technology magazine for upstream news, project stories, industry insight and technical articles. Please sign in or register for free.
This AI is tailored for specific workflows across ADNOC’s upstream value chain. Built on 70 years of proprietary data and expertise, ENERGYai integrates large language model (LLM) technology with advanced agentic AI, SLB said.
About Mach Natural Resources LP Mach Natural Resources LP is an independent upstream oil and gas Company focused on the acquisition, development and production of oil, natural gas and NGL reserves in the Anadarko Basin region of Western Oklahoma, Southern Kansas and the panhandle of Texas.
” Read the latest issue of Oilfield Technology magazine for upstream news, project stories, industry insight and technical articles. 3D supported Sark well will drill a dip and fault closed large structure of 156 acres area and 40 ft relief Estimated recoverable resources of 1 440 000 bbls of oil gross.
Read the latest issue of Oilfield Technology magazine for upstream news, project stories, industry insight and technical articles. Petrobras). By executing a substantial portion of the work in Brazilian shipyards, the project promotes local content development, workforce training, and long-term skills enhancement. Photo Credit: Seatrium).
About the Author Email Alex Procyk Upstream Editor Alex Procyk is Upstream Editor at Oil & Gas Journal. Azule is operator of the block with 36.84% interest. Partners are Sonangol E&P (36.84%) and Sinopec International (26.32%).
Read the latest issue of Oilfield Technology magazine for upstream news, project stories, industry insight and technical articles. Representing the first deepwater oil production in Mexico, the project is a joint venture between Woodside Energy and Petróleos Mexicanos (PEMEX), with first oil targeted for 2028.
In recent years these higher disposal volumes have led to seismic events in several states. Read the latest issue of Oilfield Technology magazine for upstream news, project stories, industry insight and technical articles. With the emergence of fracturing technology, a great deal more PW is now going to SWD facilities.
bbl, while conventional basins report costs of US$28-35/bbl, channeling upstream investment toward shale plays. According to a report from Moody ’ s, the average lifting cost in Vaca Muerta is US$4.20-5.00/bbl, He has over 30 years of experience in radio and print media.
To view the complete list of presenting companies and conference events visit the EnerCom Denver conference website. The presenting company lineup as of July 22, 2025, includes: Advantage Energy (TSX: AAV) Amplify Energy (NYSE: AMPY) Anschutz Exploration APA Corp.
Welligence is a market intelligence firm focused on the upstream oil and gas sector. The company delivers technical data and deep analysis for over 3,000 commercial upstream assets, while covering every regional exploration block, Welligence’s website states. billion barrels of oil.
Key themes include the deployment of artificial intelligence, automation, digital twin technology, predictive analytics, and cyber resilience across upstream, midstream, and downstream operations. Learn more at: www.kuwaitoilandgasdigitaltransformation.com | www.aipsmkuwait.com
Some are complex integrated producers with upstream components as part of the LNG infrastructure, while others simply liquefy pipeline-spec gas. The proposed US Delfin FLNG sits just above that average at $1,134/tonne, while Coral South FLNG in Mozambique, which is similar in scale, reports a comparable liquefaction cost of $1,062/tonne.
This new system, known as the EU ETS2, will focus on upstream emissions, targeting fuel suppliers instead of end consumers. To that end, the initiativeâs first flagship event at Davos in January 2025 brought together IBEX 35 leaders and government representatives in a forum to chart the path forward for Iberiaâs energy transition.
The event that brings together the global energy investment community to connect with executive leadership across the energy value chain with nearly 80 companies participating in the conference with operations spanning the globe. Qualified investment professionals can now request meetings.
22, 2021 About the Author Email Alex Procyk Upstream Editor Alex Procyk is Upstream Editor at Oil & Gas Journal. Related General Interest ExxonMobil takes Bass Strait off the market Nov. 30, 2020 General Interest BHP confirms planned Bass Strait exit Aug.
The Argos Southwest Extension is one of 10 major project startups that BP aims to deliver globally by 2027, as part of its strategy to grow its upstream business and long-term shareholder value, the company said. Woodside Energy owns a 23.9 percent working interest and Union Oil Company of California, an affiliate of Chevron U.S.A.
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About the Author Email Alex Procyk Upstream Editor Alex Procyk is Upstream Editor at Oil & Gas Journal. The Bedout JV is preparing the multi-well drilling environmental plan submission required for upcoming and future exploration activities, with drilling planned to commence third-quarter 2026.
Read the latest issue of Oilfield Technology magazine for upstream news, project stories, industry insight and technical articles. Precise, DrillSync, DrillOps and Neuro are part of SLB’s comprehensive portfolio of digital drilling technologies and services.
Ahara marks QatarEnergy’s entry into Algeria’s upstream sector, QatarEnergy said separately. square miles) onshore Algeria. Algeria’s national oil and gas company Sonatrach SpA has the majority stake of 51 percent in accordance with Algerian law.
“We look forward to engaging with Interior to leverage new technologies to support more efficient and responsible oil and natural gas production on federal lands”, the lobby group’s upstream policy vice president, Holly Hopkins, said in a statement.
“Shell UK will retain ownership of its interests in the Fife NGL plant, St Fergus Gas Terminal and floating wind projects under development - MarramWind and CampionWind.
“This is another success in what has been an exceptional year so far for our exploration team, underscoring our commitment to growing our upstream. Welligence is a market intelligence firm focused on the upstream oil and gas sector.
” Argos Southwest Extension is one of 10 major project startups bp plans to deliver globally by 2027, as part of the strategy to grow its upstream business and long-term shareholder value. “Our ability to move from resource discovery to first oil at record pace underscores our relentless pursuit to grow shareholder value.”
The golf event is sponsored by global sponsor Netherland, Sewell & Associates and EnerCom. EnerCom Denver Investor Conference Details In its 30 th year, the conference kicks off with the annual Charity Golf Tournament on Sunday, August 17th at the scenic Arrowhead Golf Club. The tournament is a fundraiser for IN!
International upstream production excluding the U.S. “The acquisition of additional interests in U.S. onshore assets in 2024, and higher production from these assets, contributed to a 28 percent increase in oil and gas production from U.S. in the second quarter, compared to the same period last year”, Equinor said.
About the Author Email Alex Procyk Upstream Editor Alex Procyk is Upstream Editor at Oil & Gas Journal. In addition to the Bumerangue prospect drilling campaign this year, an exploration well is planned for Tupinambá block in 2026.
has completed the purchase of the upstream and midstream operations of Olympus Energy for $1.8 Image by NATEE MEEPIAN via iStock EQT Corp. billion and consequently raised its projected sales volume for 2025 by 100 billion cubic feet of natural gas equivalent (Bcfe). It kept its capital expenditure guidance at $2.3-$2.45
The golf event is sponsored by global sponsor Netherland, Sewell & Associates, Inc., This year’s event will also feature a charity poker tournament. Early registration for all other attendees is $500 until June 30, 2025, for the three-day event. and EnerCom. The tournament is a significant fundraiser for IN!
” Read the latest issue of Oilfield Technology magazine for upstream news, project stories, industry insight and technical articles. The final dataset shows unparallelled imaging clarity, offering new insight into complex subsurface structures.
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