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Mexico Revises Oil Production Down

OilPrice

Mexicos finance ministry has revised the countrys crude oil production rate for the year by 129,000 bpd less than previously expected. Instead of 1.8 million bpdthe target set by President Claudia SheinbaumMexico is seen producing 1.762 million bpd, Reuters reported, citing the ministry.

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U.S. Energy Development Corporation expands Permian footprint acquiring $390 million asset and announces upsized credit facility

Oil & Gas 360º

Energy Development Corporation (USEDC), a Fort Worth-based exploration and production company focused on developing oil and gas projects for itself and its partners, has acquired ~20,000 net acres in Reeves and Ward Counties, Texas. led the financing syndicate, with TCBI Securities, Inc., Advisors Citibank, N.A.

E&P 189
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ADIPEC Days I & II: All about 'Energy^AI'

Oilholics Synonymous Report

Monday also saw several ministers speak at ADIPEC including the UAE's energy Suhail Al Mazroui and India's minister for petroleum and natural gas Hardeep Singh Puri, as did OPEC Secretary General Haitham Al Ghais, fresh from the crude producers' group's decision to postpone its planned production increase by a month.

Energy 130
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EOG Resources to Acquire Encino Acquisition Partners from CPP Investments and Encino Energy, Strengthening Premier Utica Asset; Increases Regular Dividend 5%

Oil & Gas 360º

We are excited to execute on this unique opportunity that is immediately accretive to our per-share metrics and meets our strict criteria for acquisitions high quality acreage with exploration upside, competitive with our current inventory, gained at an attractive price, continued Yacob. About EOG Resources EOG Resources, Inc.

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African oil giants advance IPO plans to attract investment

Oil & Gas 360º

These IPOs are poised to attract significant global investment, providing much-needed capital to enhance production capabilities, improve infrastructure and foster long-term growth. Similarly, Angola’s NOC Sonangol has reaffirmed its intention to proceed with an IPO, offering up to 30% of its shares to the public.

Oil 130
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ENGIE, CarbonClear Partner To Finance Energy Access In Africa

Orient Energy Review

Carbon credits are an important lever to optimize the affordability of our products. We are therefore excited that the partnership with CarbonClear will enable us to mobilize additional climate finance and accelerate our growth declared Steven Fleurus, head of finance at ENGIE Energy Access.

Finance 52
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BP, Shell, and Exxon signal one thing: Oil isn’t going anywhere

Oil & Gas 360º

In late February, when it made its very unsurprising admission, BP said it would boost spending on oil and gas production by 25% annually while slashing investments in transition-related business by 70%. The important bit, however, is that it will not be reducing this production as it previously intended to do amid its green pivot.

Oil 130