This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Upstream natural gas spending is set to maintain the levels seen in 2024. Together, upstream oil and gas investment for 2025 is forecast at less than US$570bn, a decline of around 4%. Of this, 40% is dedicated to slowing down production declines at existing fields.
(World Oil) – Namibia will offer financial incentives to help kick-start the development of oil fields managed by a group led by TotalEnergies, according to a special adviser in the presidency. But the explorers have also hit dry wells, prompting them to write off drilling costs as they learned more about the fields.
This new system, known as the EU ETS2, will focus on upstream emissions, targeting fuel suppliers instead of end consumers. In addition, most of Europeâs depleted oil and gas fields are located at sea. An expansion of the EU ETS that covers buildings and road transport emissions is expected to be fully operational by 2027.
“New production from the Johan Castberg field reaching plateau and Halten East contributed. International upstream production excluding the U.S. billion, while finance debt accounted for $8.64 Equinor logged 2.1 “The acquisition of additional interests in U.S. However, Angola, Argentina and Brazil saw increases.
His earlier experience includes field operations, engineering, and human resources across North America, South Asia, and the Middle East. Gatti served on the Board of Helix Energy Solutions Group, Inc. from 2018-2024. www.imacorp.com Petrie Partners Petrie Partners, LLC is a boutique investment banking firm dedicated to the energy industry.
The Rafael gas and condensate field is in Exploration Permit 428, about 150 kilometers (93.21 Image by DanielIngelhart via iStock Buru Energy Ltd. has adjusted the timeline for the development of the Rafael natural gas project in Western Australia’s Canning Basin but still aims for a startup late 2027.
You can’t do ‘Drill, Baby, Drill’ overnight,” said Tom Seng, an assistant professor of energy finance at Texas Christian University in Fort Worth. For the upstream players to abandon capital discipline on a geopolitical event like this is unlikely,” said Dan Pickering, chief investment officer at Pickering Energy Partners in Houston.
Image by Adele Heidenreich via iStock Namibia will offer financial incentives to help kick-start the development of oil fields managed by a group led by TotalEnergies SE, according to a special adviser in the presidency.
Financing Overview Consideration for the transactions totals $105 million comprised of the following (and as described more fully in Flotek’s April 28, 2025 Form 8-K filing with the Securities and Exchange Commission): $17.6 million funded by offsetting $17.6 ProFrac Holding Corp. SOURCE Flotek Industries, Inc.
Nasser, Aramcos president and CEO, noted that Aramco has made significant strides during the year on a number of projects and initiatives aimed at reinforcing its upstream pre-eminence, further integrating its downstream portfolio and developing the new energies business.
HRT is directly connected to the Hardisty Diluent Recovery Unit, an innovative facility which separates diluent from raw bitumen prior to rail transportation, allowing for a competitive netback for upstream producers versus pipeline alternatives. The following table reconciles Field Operating Income to the nearest GAAP measure.
While the region's mature fields are declining, new projects are helping stabilize production and extend the Gulfs viability as a key energy source. By late 2024, 12 new offshore projects were set to increase production by 0.231 MMBbl/d, helping offset declining output from aging fields. MMBbl/d in 2025. MMBbl/d in 2025. Chevrons St.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content