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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. According to Wood Mackenzie, crude and condensate production across the U.S. Right now, U.S. oil majors are holding the better hand in the world of E&P.

E&P
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TotalEnergies Says Lower Oil and Gas Prices Will Weigh on Q2 Profit

OilPrice

TotalEnergies expects lower earnings in its upstream and LNG divisions for the second quarter amid a drop in oil, natural gas, and LNG prices compared to early this year and the same time last year.

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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. The latest data for the year 2024 show the methane emissions intensity of upstream oil and gas operations in the region to be 0.44% per barrel of oil equivalent—a 29% reduction from the previous year.

E&P
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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. Congratulations to John Ardill and the entire exploration team,” he continued.

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Neuquén basin production grows, accounts for over 70% of Argentina’s oil and gas output

Oil & Gas Journal

In May—the latest month with full basin-level data—production in Neuqu é n reached 538,000 b/d of oil and 107 million cu m/day of natural gas. On a national scale, shale oil accounts for 60% of total output, while tight and shale gas combined make up 65% of Argentina ’ s gas production.

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TotalEnergies, QatarEnergy Win Exploration License in Algeria

Rigzone

percent stake during the exploration and appraisal phases. Algeria’s national oil and gas company Sonatrach SpA has the majority stake of 51 percent in accordance with Algerian law. Ahara marks QatarEnergy’s entry into Algeria’s upstream sector, QatarEnergy said separately. square miles) onshore Algeria.

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Texas oil and gas jobs increased in May despite market turmoil, new report says

Oil & Gas 360º

Bureau of Labor Statistics (BLS), the Texas Independent Producers and Royalty Owners Association (TIPRO) has highlighted new employment figures showing an increase in upstream employment in Texas in the month of May. This represented an increase of 600 jobs in the services sector and 1,600 jobs in oil and gas extraction.

Gas