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Exxon Considers Exploration Offshore Trinidad

OilPrice

Exxon is reportedly in talks with the government of Trinidad and Tobago for oil exploration in up to seven offshore blocks, according to unnamed sources who spoke to Reuters. Per the report, the Trinidad and Tobago blocks are in close proximity to Exxon’s Stabroek block offshore Guyana. “We

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Oil majors compete for Libya’s first exploration tender since 2011 war

Oil & Gas 360º

and TotalEnergies SE are competing in Libya’s first energy exploration tender since the 2011 conflict, the country’s state-run oil firm said, as the OPEC member looks to oil majors to help ramp up production to a record. Almost all well-known international companies” are vying for the 22 offshore and onshore blocks, he said.

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Repsol-NEO merger forms one of largest producers on UK Continental Shelf

Oil & Gas 360º

This combination creates a jointly governed business which will call upon the key strengths of both shareholders,” commented Francisco Gea, Executive Managing Director of Exploration and Production at Repsol. offshore Repsol-NEO merger stakeholders UK Continental Shelf

E&P
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U.S. Dept. of Interior urged to fully leverage offshore energy resources

Oil & Gas 360º

(World Oil) – The American Petroleum Institute today joined more than 100 other energy trade groups and organizations in urging the Department of the Interior to develop a new five-year offshore leasing program that fully leverages the U.S. offshore production accounts for 14% of total U.S. According to the U.S.

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Mexico approves fracking to reverse sagging oil and gas production

Oil & Gas 360º

(Oil Price) – In a major U-turn in energy policy, Mexico has unveiled a 10-year plan to reverse a years-long decline in oil and gas production by tapping more unconventional resources through fracking. It’s clear that most of oil and gas production comes from conventional resources at old offshore platforms in shallow waters.

Gas
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Exxon vs. Chevron battle sets stage for oil industry’s race for prize assets: Bousso

Oil & Gas 360º

The ruling by the Paris-based International Chamber of Commerce marks a key win for Chevron CEO Mike Wirth, who targeted the Hess acquisition to grow the company’s production and keep pace with larger rival Exxon’s rapid expansion. government in 1911. Chevron’s production is now expected to exceed 4 million bpd by 2030 from 3.4

Oil
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Amplify Energy Announces Strategic Update and CEO Transition

Oil & Gas 360º

First, Amplify recently engaged TenOaks Energy Advisors to explore market interest for the complete divestiture of Amplify’s assets in East Texas and Oklahoma. We are currently drilling the C-08 well off of the Eureka platform and we expect to start production in August. About Amplify Energy Amplify Energy Corp.