Oil and Gas Explorers Focus on Near-Field Plays
OilPrice
APRIL 8, 2025
Increasing financial constraints, a low commodity price environment and a shrinking pool of prospective basins have transformed how oil and gas players explore for new barrels.
Nigeria Urges Firms to Boost Oil Output to OPEC Quota
OilPrice
MAY 22, 2025
Nigerias government is urging the oil companies operating in the country to collaborate to increase oil output in the producer that hasnt been able to pump to its OPEC quota for years. Nigerias crude oil production averaged 1.4 Nigerias crude oil production averaged 1.4
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Petra Nova, Pioneering Power Plant Carbon Capture Unit, Is Up and Running Again, says JX Nippon
POWER Magazine
SEPTEMBER 13, 2023
Petra Nova, one of the world’s only two carbon capture and storage (CCS) retrofits at a commercial power plant, has restarted operations, JX Nippon Oil and Gas Exploration Corp.
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Libya’s first oil bid round in 18 years offers production sharing contracts
Oil & Gas 360º
APRIL 7, 2025
(Oil Price) –Libya will offer production sharing agreements to the successful bidders in its first oil and gas exploration bid round in 18 years, top Libyan oil officials said at an event in London on Monday. Libyas crude oil production currently exceeds 1.4 million barrels per day (bpd), NOC says.
Shell Boost Stake in Nigerian Deepwater as TotalEnergies Exits Bonga Oilfield
OilPrice
MAY 29, 2025
non-operated stake in the deepwater oilfield Bonga offshore Nigeria, where the UK-based supermajor plans to develop another major project. Shells subsidiary operating the Bonga oilfield, Shell Nigeria Exploration and Production Company (SNEPCo), has signed an agreement to buy the French supermajors 12.5%
Apex, Ares, EPIC Sign MoU for Green Hydrogen Hub in Corpus Christi, Texas
NGT News
FEBRUARY 22, 2022
EPIC Midstream Holdings LP and the Port of Corpus Christi Authority (PCCA), have entered into a nonbinding memorandum of understanding (MOU) to explore the development of a green hydrogen production, storage, transportation and export operation, including a newly constructed […].
Exploring the Future of Canadian Oil Sands and Montney Plays
Enverus
APRIL 21, 2025
Insights on WCSB Oil Production Pipeline Expansions, and AECO Hub Gas Pricing The Canadian oil and gas industry is at a pivotal moment, with significant potential on the horizon that could reshape the landscape. Lets look at some of the key highlights: Anticipate a rise in oil production within the Western Canada Sedimentary Basin (WCSB).
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Zephyr Energy plc announces successful initial results from State 36-2R well production test
Oil & Gas 360º
MAY 7, 2025
During the production test, the well was tested at multiple flow rates in order to gather data to determine the flow capacity of the well, to provide an early estimate of potential resource volumes, and to obtain high quality fluid samples. the “Paradox project”). Water cut was less than 0.5%
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Fasken v. Puig – Another Post-Production Cost Case
Oil and Gas Lawyer
NOVEMBER 7, 2024
Fasken operates wells on the property; the Puig descendants sued Fasken for deducting post-production costs from their royalty. The trial court agreed with Puig, and the court of appeals affirmed, in a well-reasoned opinion relying on the Supreme Court’s opinion in Chesapeake Exploration v. Hyder , 483 S.W.3d 3d 870 (Tex.
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4Q Earnings for M-U Drillers Bounced Back After Down First 3 Qtrs
Marcellus Drilling News
APRIL 1, 2025
The experts at RBN Energy track 38 exploration and production (E&P) companies to monitor financial and operational performance.
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A Guide to Leveraging AI to Navigate the Oil and Gas Market for Small and Mid-Sized Operators
Enverus
APRIL 17, 2025
The need to identify and secure quality acreage is more critical than ever for operators, from traditional family businesses to private equity-backed firms and public companies. The market is valuing and rewarding operators who are making the right moves to manage their inventory and remain capital efficient.
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Prairie Operating Co. secures strong cash flow with strategic hedging program ahead of market downturn
Oil & Gas 360º
APRIL 10, 2025
(Oil & Gas 360) 85% of the remaining 2025 daily production locked in at $68.27/bbl MMBtu Henry Hub HOUSTON, TX, April 10, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. The hedges were executed following the closing of Prairies transformative acquisition of DJ Basin assets from Bayswater Exploration and Production.
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Crescent Energy completes sale of non-operated Permian basin assets
Oil & Gas 360º
APRIL 23, 2025
(World Oil) –Crescent Energy has closed the sale of its non-operated Permian basin assets to a private buyer for $83 million in cash, the company announced Tuesday. The assets are located in Reeves County, Texas and had projected full-year 2025 production of approximately 3 Mboe/d (~35% oil).
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Regional Partners Insights on Downstream Technology Strategies at PRC Europe 2025
Oil & Gas 360º
APRIL 28, 2025
examines decarbonisation challenges specific to European refineries, emphasising regulatory complexities and operational adaptations required for compliance with evolving environmental standards; Enrico Giglioli (Saras S.p.A.)
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Prairie Operating Co. announces 11-well development at Rusch Pad
Oil & Gas 360º
APRIL 2, 2025
(Oil & Gas 360) –HOUSTON, TX, April 02, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. The first well was spud on April 1, 2025, utilizing Precision E-Drilling Rig 461, as part of the Companys continued strategy to expand production and enhance operational efficiencies in the Denver-Julesburg (DJ) Basin.
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Greenlake Energy forms new exploration and production platform
Permian Basin Oil and Gas Magazine
MAY 16, 2025
Austin-based Greenlake Energy announced last week the formation of Greenlake Energy II, its newest exploration and production platform, backed by more than $200 million in equity commitments from NGP Energy Capital Management and Greenlakes management.
Chevron starts oil production from Ballymore Project in Gulf of America
Oil & Gas 360º
APRIL 21, 2025
(Oil & Gas 360) –HOUSTON(BUSINESS WIRE) Chevron Corporation ( NYSE: CVX ) announced today that it started oil and natural gas production from the Ballymore subsea tieback in the deepwater Gulf of America. is operator of the Ballymore project with 60 percent working interest. Malo facilities. Chevron subsidiary Chevron U.S.A.
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Regional Partners Insights on Downstream Technology Strategies at PRC Europe 2025
Oil & Gas 360º
APRIL 22, 2025
examines decarbonisation challenges specific to European refineries, emphasising regulatory complexities and operational adaptations required for compliance with evolving environmental standards; Enrico Giglioli (Saras S.p.A.)
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APA Corp., partners complete successful flow test for North Slope exploration well
Oil & Gas 360º
APRIL 28, 2025
Apache holds a 50% working interest, operator Lagniappe and partner Santos each hold 25% working interests in the 325,411-acre exploratory block. The well performed in line with expectations during the 12-day production test, averaging 2,700 barrels of oil per day during the final flow period, without artificial lift.
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Prairie Operating Co. begins completion of the Opal Coalbank Pad, acquired from Bayswater
Oil & Gas 360º
APRIL 28, 2025
(Oil & Gas 360) Opal Coalbank consists of nine DUC wells on track for production this summer Previously announced drilling of Rusch Pad ahead of schedule Recently announced strategic hedging program in the money by ~$70 million HOUSTON, TX, April 28, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. per barrel WTI and $4.28
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U.S. Energy Development Corporation expands Permian footprint acquiring $390 million asset and announces upsized credit facility
Oil & Gas 360º
APRIL 15, 2025
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. USEDC blends operational and financial innovation with a forward-looking approach.
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Strategies for Operators to Stay Ahead in a Hot M&A Market
Enverus
MARCH 10, 2025
Diamondback is one of the largest players in the Permian Basin, second only to Exxon Mobil, based on gross operated oil volumes. [1] – Andrew Dittmar, Principal Analyst Enverus Intelligence Research [1] How This Deal Affects Mid-Size Operators 1. . million per location. [2] million per location. [2]
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African national oil companies (NOCs) partnering with independents to drive E&P
Oil & Gas 360º
MARCH 10, 2025
(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront.
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ReconAfrica announces agreement for joint exploration project in Angola adding 5.2 million acres and significant resource potential along the Damara Fold belt and Rift Basin plays
Oil & Gas 360º
APRIL 17, 2025
(the Company or ReconAfrica) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces an agreement for a joint exploration project in Angola with the Agncia Nacional de Petrleo, Gs e Biocombustveis or National Oil, Gas and Biofuels Agency (ANPG). This will be the Companys largest exploration prospect drilled so far.
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Fortescue, ATCO Sign Hyrdogen Agreement
NGT News
APRIL 6, 2020
Fortescue Metals Group (Fortescue) and ATCO Australia (ATCO) have signed an agreement to explore the deployment of hydrogen vehicle fueling infrastructure in Western Australia.
Unlock Faster, Smarter Buying for Oil & Gas Operations Teams With Enverus RFx
Enverus
APRIL 25, 2025
With fluctuating prices and increased operational costs, it has become more important than ever to find the right suppliers quickly and at the best value. Operational bidding is one area where efficient procurement processes are crucial to navigating these complexities and maintaining a competitive edge. Key Features and Benefits 1.
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Bayswater E&P closes $600 million sale of DJ Basin assets
Oil & Gas 360º
MARCH 31, 2025
(World Oil) –Bayswater Exploration and Production (Bayswater), a Denver-based oil and natural gas development company closed the sale of certain Denver Julesburg (DJ) Basin assets to Prairie Operating Co. “We are pleased to get this deal across the finish line with Prairie Operating Co.,”
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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
MAY 30, 2025
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.
Receivership Sale: Long Run Exploration Ltd.
BOE Report
MAY 5, 2025
The Properties consist of operated and non-operated working interests which are located throughout Alberta. Average production net to Long Run from the Properties for the 12 months ended February 28, 2025 was 6,435 boe/d, consisting of [Read more]
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bp discovers oil at Far South prospect, deepwater U.S. Gulf
Oil & Gas 360º
APRIL 14, 2025
bp drilled the exploration well in Green Canyon Block 584, located in western Green Canyon approximately 120 miles off the coast of Louisiana in 4,092 feet of water. The Far South co-owners are bp (operator, 57.5%) and Chevron U.S.A. bp expects to grow its global upstream production to 2.3
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Upstream Production Report: 2022 vs. 2023 vs. 2024 – Main Basins, Operators, Oil vs. Gas
Rextag
MARCH 11, 2025
This report analyzes upstream oil and gas production trends over the last three years, based on data from Rextag Energy DataLink. MMBBL 193 BCF Analysis: Hilcorp leads in gas production but is less significant in oil output. MMBBL 193 BCF Analysis: Hilcorp leads in gas production but is less significant in oil output.
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Chevron to cut nearly 800 jobs in Texas Permian basin
Oil & Gas 360º
MAY 30, 2025
plans to lay off nearly 800 employees in the Permian basin, its biggest oil-production operation globally. Chevron is taking action to simplify our operating model, execute work faster and more effectively, the company said in a statement. (World Oil) –Chevron Corp. The filing listed the layoff date as July 15, 2025.
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US oil producer Continental Resources claims Hess defrauded it out of $69 million
Oil & Gas 360º
MAY 20, 2025
shale producer Continental Resources has filed a lawsuit against Hess Corp alleging that it was defrauded out of up to $69 million through a series of deals the well operator conducted with its subsidiaries. Continental has been deprived of about $34 million to $69 million of revenue for oil and gas production, the filing said.
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Colombia oil investments could Hit $4.68 Billion in 2025
Oil & Gas 360º
MAY 30, 2025
billion in 2024, the countrys oil and gas industry association said, adding that this will not lead to higher production. billion, would be spent on production, with the remainder of $740 million channeled into exploration. billion, would be spent on production, with the remainder of $740 million channeled into exploration.
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Murphy Oil to acquire BW Pioneer FPSO in Gulf of America for $125 million
Oil & Gas 360º
MARCH 13, 2025
(World Oil) –Murphy Oil Corporation today announced that a subsidiary has signed a Sales & Purchase Agreement (SPA) to acquire the BW Pioneer floating production storage and offloading vessel (FPSO) from BW Offshore.
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Badawi Meets with ADES CEO, Discusses Drilling Operations
Egypt Oil & Gas
APRIL 20, 2025
Minister of Petroleum and Mineral Resources Karim Badawi met with Mohamed Farouk, CEO of ADES, and his accompanying delegation, to review the companys operations and discuss means of boosting production. The post Badawi Meets with ADES CEO, Discusses Drilling Operations first appeared on Egypt Oil & Gas.
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bp and Iraq finalize contract for Kirkuk oil field redevelopment
Oil & Gas 360º
MARCH 26, 2025
The contract between North Oil Company (NOC), North Gas Company (NGC) and bp includes the rehabilitation and redevelopment of the fields, spanning oil, gas, power and water with potential for investment in exploration. The agreement is for an initial phase that includes oil and gas production of more than 3 billion barrels of oil equivalent.
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BP Expands Oil & Gas Operations in Egypt with $3.5B Investment to Boost Production
Energy Central
DECEMBER 5, 2024
BP is making significant strides in Egypt's energy sector by planning to explore six new oil and gas concessions. Recent discussions surrounding this expansion highlight BP's focus on accelerating production timelines, with the company's CEO.
Exploring the World of Drill Pipes: Vital Components in Oil and Gas Exploration
DIC Oil Tools
JULY 10, 2024
Our premium materials and construction ensure that your system will be operational for years to come. Drill pipes are the unsung heroes of the oil and gas industry, essential in the exploration and extraction of fossil fuels from deep within the earth.
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Calfrac Well Services Ltd. announces resignation of CEO
Oil & Gas 360º
MARCH 14, 2025
Calfrac provides specialized oilfield services to exploration and production companies designed to increase the production of hydrocarbons from wells with continuing operations focused throughout North America and Argentina.
AI in Oil and Gas – A Game-Changer for Efficiency and Profitability
Aresco
MARCH 13, 2025
AI-powered technologies are enabling companies to optimize operations, enhance oil and gas exploration, and prevent costly disruptions. From predictive maintenance to real-time data analytics, AI solutions are revolutionizing how oil and gas companies operate, analyze vast amounts of data, and reduce risk across the board.
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2024 Canadian Oil & Gas Production Snapshot
Oil Gas Leads
APRIL 24, 2025
Canadas oil and gas sector remained resilient in 2024, with several operators reporting record-breaking production volumes. From majors like Canadian Natural Resources and Ovintiv to rising mid-cap producers, this snapshot highlights average daily production across top-performing companies. 102,012 bbl/d (bitumen) SOR of 2.39
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Chevron expands triple-frac to half of its Permian wells
Oil & Gas 360º
APRIL 9, 2025
Chevron plans to use triple-frac on between 50% and 60% of its wells in the Permian, up from 20% of wells triple-fracked last year, Jeff Newhook, a completions operations manager at the U.S. The triple-frac reduces by 25% the time to bring wells to production. supermajor, told Reuters in an interview. According to the top U.S.
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Iraq Intends to Increase Oil Production to Exceed 6 mmbbl/d by 2029
Egypt Oil & Gas
MARCH 24, 2025
Iraqs Oil Ministry announced that it plans to increase oil production to more than 6 million barrels per day (mmbbl/d) by 2029, while confirming an agreement with bp to develop four oil fields in Kirkuk, Iraq News Agency reported.
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