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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.
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.
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.
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.
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.
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.
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.
.” Strategic Rationale Solidified Position Within the Large-Cap Universe: The combined company will have an enterprise value of $15 billion 1 and 370,000 boe/d 2 (63% liquids) of corporate production with significant overlap across both unconventional and conventional assets. million acres in Alberta.
. “By leveraging cutting-edge intellectual property, these asset integrity management solutions provide industry-leading gas quality assurance capabilities to customers while providing a platform for future growth as we partner with Flotek to explore applications of this technology across other industry verticals. ProFrac Holding Corp.
The acquisition further consolidates assets in core counties in the CBP defined by shallow declines, high margin production and undeveloped inventory that immediately competes for capital, and provide for near-term opportunities for field level synergies and cost savings. ABOUT RING ENERGY, INC. Ring Energy, Inc.
Prime Minister Mostafa Madbouly held a meeting to discuss various industry-related matters of significant importance with the Minister of Petroleum and Mineral Resources Karim Badawi, Minister of Finance Ahmed Kouchouk, and other Egyptian officials.
mboe/d); Q1 2025 average Permian production of 14.5 mboe/d); Q1 2025 average Permian production of 14.5 mboe/d); Q1 2025 average Permian production of 14.5 mboe/d); Q1 2025 average Permian production of 14.5 per share annually ($0.33 per share quarterly). billion which equates to less than 1.0x mboe/d) Approximately 16.1
The presenting company lineup as of May 21, 2025, includes: Advantage Energy (TSX: AAVVF) Amplify Energy (NYSE: AMPY) Anschutz Exploration Armstrong Oil & Gas APA Corp. www.imacorp.com Petrie Partners Petrie Partners, LLC is a boutique investment banking firm dedicated to the energy industry.
is an independent oil and natural gas company engaged in the acquisition, development, exploitation and production of oil and natural gas properties. The Company plans to continue to evaluate strategic alternatives to maximize value to stockholders, including potential portfolio optimization strategies.
During the discussion, Badawi reviewed the areas of cooperation between Egypt and US companies in the petroleum sector, praising the vital role these companies play in supporting exploration and production efforts.
Furthermore, ExxonMobil accounts for almost half of third-party operated production including third-party Midland volumes, per Viper, giving investors further confidence in these assets. He has a BBA in Finance from Texas A&M University and a JD from The University of Texas School of Law.
I wish Bill the very best in retirement and look forward to Andys ongoing leadership as he assumes his new role. # # # About ConocoPhillips As a leading global exploration and production company, ConocoPhillips is uniquely equipped to deliver reliable, responsibly produced oil and gas.
During the meeting, Minister of Finance Ahmed Kouchouk highlighted the target of achieving a primary surplus of EGP 795 billion, representing 4% of GDP, and reducing the public budget debt to 82.9%. billion to finance the extension of natural gas to homes. In addition, some EGP 679.1
This is the first time a conference of this nature will be held in the Big Apple, and I am honored to participate as a member of a panel that will explore farmout transactions, joint operating agreements and the use of tax partnerships to optimize the after-tax economics of these transactions.
Both deposits have recent feasibility studies showing they will produce 100,000 oz of gold per year for over a decade–with lots of exploration upside to realize through that time. Once productionfinancing is in place, it takes us to the 200,000 ounce a year production level200,000 low cost ounces a yearde-risked.
This will enhance energy security and reduce environmental impacts by supporting hydrogen production projects nationwide. In June 2024, CES+ held a Vendor Engagement Day in Hull to strengthen relationships with companies in its existing and future supply chain and to explore the innovative solutions they have to offer.
Notably, the project is part of a broader package of green initiatives adopted by the ministry through ECHEM to provide green, environmentally friendly products and reduce carbon emissions. It is greatly contributing to supporting local and international high-quality production.
electric sector must now determine how to finance and implement the necessary infrastructure upgrades to meet this demand. Energy-intensive industries such as semiconductor production, electric vehicle (EV) manufacturing, and heavy industry are returning to the U.S., power grid, each contributing to higher electricity consumption: 1.
Local energy production offers businesses unprecedented control over their energy resources. Decentralized energy production moves away from large power plants and toward localized facilities, offering greater energy independence. Upfront costs can be significant, though you can opt for financing options.
During the presentation of the 2024 Budget to Parliament, the Finance Minister highlighted the positive impact of the policy, citing a reduction in the exchange rate from GHS17 to a dollar in November 2022 to GHS12 to a dollar in November 2023. Additionally, petrol prices decreased from GHS23 per litre to GHS12 per litre.
These pillars focus on increasing production and expanding drilling and exploration activities to meet the domestic demand of petroleum products, optimizing the infrastructure and leveraging refining and petrochemical capacities to maximize value-added output, and utilizing Egypts strategic location to boost regional partnerships.
government offers a variety of tax incentives aimed at encouraging domestic energy production. The potential for high returns, coupled with the benefits of diversification and tax incentives, has led many investors to explore these opportunities as a way to navigate the uncertainties of the global financial markets.
Over the past two years, 2023 and 2024, production levels have soared, investment strategies have shifted, and new regulatory frameworks have emerged. How will new policies impact production and investment strategies? 2023 Production: ~6.0 2024 Production: 6.3 MMBbl/d production increase in 2024. MMBbl/d , a 0.3
With 94% of the resource known to be in mineralized bands, the exploration risk to take this Inferred 5.2 million financing in Goldshore. So there is a lot of low-hanging fruit at Mossand it now has the technical team and finance team to move it forward FAST. Its close to very cheap power ($0.08/KwH)
Following through with President Biden’s campaign promise to halt oil and gas drilling on federal lands, on January 20, 2021, the Acting Secretary of the U.S. Department of Interior (“Interior”) issued an order, effective immediately, mandating a 60-day moratorium on new oil and gas leases and drilling permits on public lands and waters (“Order”).
3) The IEA Relies on Unrealistic Energy Transition Financing The IEA assumes massive clean energy investments despite historical failures to meet even modest climate finance goals. Ford lost $60,000 per EV in 2024, forcing automakers to scale back production. The IEA forecasts $4.5 and Europe.
Tauren Exploration, Inc. , The Second Circuit’s decision also addressed issues involving production in paying quantities and failure to pay royalties under the Louisiana Mineral Code, and a detailed discussion of those issues is also located on T he Energy Law Blog. Tauren Exploration, Inc., In Gloria’s Ranch, L.L.C.
With more than 45,000 attendees converging at McCormick Place, the industry gathered not just to see whats next in food and tech but also to explore how those tools can enhance the timeless value of experience and hospitality.
We'll examine the structure, jurisdiction, and procedural aspects of the new system, explore potential strate-gic considerations, and discuss the possible implications for the energy industry.
shale oil production surged to 10 million barrels daily , reinforcing Americas role as a cornerstone of global energy stability. OPEC+ Production Cuts: OPEC+'s decision to extend production cuts into 2025 aimed to stabilize markets but drew skepticism. Record U.S. Shale Output: U.S. LNG Export Dominance: U.S.
Hours before a controversial set of new reporting requirements for government contractors was set to take effect, a federal court in Texas enjoined implementation of the requirements across the country.
For accredited investors, direct investment in crude oil and natural gas exploration provides an opportunity to diversify their portfolios and potentially tap into lucrative returns, as well as enjoy some significant tax benefits. What Are Direct Oil and Gas Exploration Investments? Who Qualifies as an Accredited Investor?
Borealis Mining (BOGO-TSXv) has what every other gold exploration company wishes they had: Production– they just announced their SECOND gold pour since going public in September. They expect to do one pour a month from now until next summer when a more consistent production program will take over. It has everything I want.
Among the energy names on Bank of America's list is Northern Oil and Gas , which is a non-operator in the acquisition, exploration and development of oil and natural gas properties. The company also said it saw a 13% increase in barrel of oil equivalent (BOE) production from the first quarter of 2024. The stock yields 6.4%
The long-awaited proposed changes to the Department of Interior’s Financial Assurance Rule (“Proposed Rule”) were finally announced yesterday by the Trump Administration. supplemental bonding) for OCS lessees and grant holders of pipeline rights-of-way (“ROW”) and rights-of-use and easement (“RUE”), while protecting U.S.
crude production, which could easily push crude prices lowerinto this second quarter of 2025, as supply would likely then outpace demand. The buyers, mostly public companies, finance these acquisitions with cash on hand, stocks, and occasionally bank and public debt. President Trump is calling on OPEC to increase U.S.
oil and gas production, with the former pledging continued expansion of domestic oil and gas drilling and production, and the latter pledging to transition the U.S. His America First Energy Plan is aimed, in part, at increasing fossil fuel production in the U.S. Due to the sharp increase in oil and gas production, the U.S.
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