Rigzone

JULY 1, 2025

Image by Moussa81 via iStock New data from the Texas Workforce Commission indicate that upstream oil and gas employment climbed by 2,200 in May compared to April, and by 7,300 jobs through the first five months of 2025. percent increase and an average growth of 875 jobs per month. percent increase and an average growth of 875 jobs per month.

Upstream 67

Upstream Natural Gas Royalty Oil 67

OilPrice

MAY 29, 2025

Portugal-based energy company Galp expects its oil production in Brazil to jump by 40% in the coming years as a new major field is set to begin production later in 2025, Nuno Bastos, EVP Upstream, has said. Currently, Galp holds stakes in various oilfields in the deep waters of the Santos basin in the prolific pre-salt layer offshore Brazil.

Field 245

Field IT Upstream Basin 245

OilPrice

JULY 11, 2025

Via Metal Miner German flats producer ThyssenKrupp Steel recently commissioned a modernized strip mill at its main site in Duisburg as well as new upstream equipment. The new units are located at the interface between upstream operations and hot strip production, making them a core feature of the integrated production network…

Upstream 189

Upstream Operator IT 189

POWER Magazine

APRIL 29, 2025

As wind and solar dominate global investment in renewable energy, hydropowers potential to enhance grid resilience and expand energy supply remains largely untapped, and that potential is only expanding with the integration of advanced technologies like artificial intelligence (AI).

IT 130

IT Energy Energy Upstream 130

OilPrice

MARCH 6, 2025

We are proceeding with promotion activities because the blocks have already been identified and the data is in place, Charles Sangweni, director general of Tanzanias Petroleum Upstream Regulatory Authority (PURA), told Bloomberg in an interview published on Thursday.

IT 241

IT Upstream Gas Oil 241

Enverus

JUNE 10, 2025

Implications for the Wider M&A Market This transaction is significant not just for EOG, but for the entire upstream M&A landscape. The following blog is distilled in part from  Enverus Intelligence® Research (EIR)  publications. billion acquisition of Encino Acquisition Partners (EAP). Key takeaways: EOG re-enters M&A  with a $5.6B

IT 130

IT Operator Basin Exploration and Production 130

Rigzone

JUNE 9, 2025

Brent Crude $66.90 +0.65% Natural Gas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS CNOOC Announces Seventh Upstream Startup in Chinese Waters This Year by Jov Onsat | Rigzone Staff | Monday, June 09, 2025 | 3:37 AM EST Weizhou 5-3 is expected to reach a peak output of about 10,000 bpd next year.

Upstream 98

Upstream Exploration and Production Field Oil 98

OilPrice

APRIL 25, 2025

The worlds biggest oilfield services provider, SLB (NYSE: SLB), flagged heightened uncertainties about upstream oil and gas investment amid fears of economic slowdown, fluctuating oil prices, and unknown tariff talks outcomes and impacts. SLB reported on Friday earnings per share (EPS) of 0.72

Upstream 294

Upstream Oil Gas IT 294

Enverus

APRIL 23, 2025

Calgary, Alberta (April 23, 2025) Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is releasing its summary of 1Q2025 upstream M&A activity and outlook for the rest of the year.

Upstream 162

Upstream E&P E&A Natural Gas 162

OilPrice

APRIL 10, 2025

natural gas scene, marking its first real foray into the Lower 48s upstream and LNG ambitions. Mubadala Investment Co just planted its flag in the U.S. The Abu Dhabi wealth funds energy arm has snapped up a 24% stake in SoTex HoldCo LLCoperator of a shale gas field and backer of an LNG terminal in Louisiana.

IT 176

IT Gas Upstream Natural Gas 176

OilPrice

JUNE 4, 2025

As a result, upstream investments are expected to decline. With crude oil prices dropping into the low $60s per barrel, profitability in the oil and gas industry is under pressure, squeezing cash flows and forcing companies to reassess their capital allocation.

Oil 334

Oil Upstream Crude Oil Barrel 334

OilPrice

MAY 29, 2025

Based on a peer group of 20 Canadian shale E&Ps, full year spending dropped a mere 0.4%, with output guidance remaining intact. Oil sands operators mirrored a similar story, with the only notable change coming from Canadian Natural Resources (CNRL) as it trimmed its spending plans 1.6% with no impact to full-year volumes.

Upstream 189

Upstream E&A Operator Oil 189

Enverus

JUNE 6, 2025

As the upstream oil and gas sector faces mounting pressure from rising costs and dwindling Tier 1 inventory, the need for smarter, faster and more efficient development strategies has never been greater. ¹ Here are four key ways AI is revolutionizing acreage strategy for upstream operators. Watch Now 2.

Gas 130

Gas Upstream Oil Control Systems 130

OilPrice

MARCH 27, 2025

In a strategy reset last month, BP said it is increasing its investment in upstream oil and gas to $10 billion per year while slashing spending on clean energy by more than $5 billion a year. In the upstream, BP will aim for 10 new major projects to start up by the end of 2027, and a further 810 projects by the end of 2030.

Natural Gas 256

Natural Gas Upstream Gas Offshore 256

Oil & Gas 360º

APRIL 28, 2025

(World Oil) – Enverus Intelligence Research (EIR), a subsidiary of Enverus, is releasing its summary of 1Q2025 upstream M&A activity and outlook for the rest of the year. Upstream M&A opened 2025 with $17 billion in deal value, the second-best start to a year since 2018.

Upstream 130

Upstream E&P E&A Natural Gas 130

Enverus

JULY 8, 2025

What to expect: The macroeconomic signals driving mineral pricing, transactions and valuations Latest M&A trends and how upstream consolidation is impacting mineral assets Hold, sell or buy? He brings more than a decade of experience advising companies and private equity firms on upstream investments. CT on July 15, 2025.

Upstream 130

Upstream Education Utilities Royalty 130

Asian Oil & Gas

JUNE 17, 2025

Malaysian state energy company Petronas said on Tuesday it expects to take one to two years to set up a planned joint venture with Italian energy group Eni on upstream…

Upstream 40

Upstream Energy Energy IT 40

OilPrice

MARCH 13, 2025

This weeks call from the International Energy Agency (IEA) for continued investment in existing oil and gas fields is another moment of truth for the Paris-based agency, highlighting its inconsistent messages about upstream investment, OPEC says. OPEC reviewed the messages the IEA has issued since 2017 in an article published on its website.

Field 260

Field Upstream Oil Gas 260

BOE Report

JUNE 23, 2025

(TSX: KEC) (“Kiwetinohk” or the “Company”) announces that it has launched a formal business strategy review to evaluate a range of potential value enhancing opportunities with a focus on the Company’s upstream assets and an orderly exit from its power business. There can be no assurance [Read more]

Upstream 101

Upstream Energy Energy IT 101

OilPrice

MAY 7, 2025

billion in deepwater oil and gas exploration and development offshore Nigeria, the local regulator, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has said. supermajor ExxonMobil plans to invest as much as $1.5

Upstream 247

Upstream Offshore Petroleum Energy 247

Oil & Gas 360º

JUNE 27, 2025

Tokyo Gas is also expanding into upstream U.S. Tokyo Gas is also expanding into upstream U.S. The nation’s government sees LNG as vital to energy security, and Japanese importers have been in talks to purchase supply even past 2050. LNG from the U.S. gas production. interests, with the recent acquisition of Chevron Corp.

Gas 130

Gas Upstream Natural Gas Government 130

Oil & Gas 360º

JULY 11, 2025

BP has been under intense pressure from activist investor Elliott in recent months to cut costs and boost share performance and has once again become the topic of market speculation that it’s a target for a blockbuster acquisition in the sector. By Tsvetana Paraskova for Oilprice.com

Oil 130

Oil Natural Gas Downstream Barrel 130

BOE Report

APRIL 22, 2025

EQT said on Tuesday it plans to acquire the upstream and midstream assets of Olympus Energy in a deal valued at $1.8 The company also beat first-quarter profit estimates on Tuesday, benefiting from higher natural gas prices. The company reported an adjusted profit of $1.18 per share, for the quarter ended March 31, above [Read more]

Upstream 98

Upstream Midstream Natural Gas Energy 98

BOE Report

MARCH 28, 2025

Upstream oil companies ramped up hiring in February, the Texas Independent Producers and Royalty Owners Association (TIPRO) said on Friday, marking the second straight month of growth.

Upstream 87

Upstream Royalty Oil Gas 87

Oil & Gas Journal

FEBRUARY 26, 2025

The company will increase upstream spend to 75% of group capex as it simultaneously plans to become more selective with energy transition spending.

Upstream 87

Upstream Gas Oil Energy 87

Oil & Gas 360º

JUNE 23, 2025

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.

Gas 130

Gas Oil Natural Gas Maintenance Technician 130

Oilholics Synonymous Report

JUNE 11, 2025

Applied Computing sees opportunities across the sector's value chain from refining and petrochemicals to upstream and LNG, although its current focus is on downstream. The Oilholic was delighted to join the demo day of UK-based energy AI firm Applied Computing in London on Tuesday. Well that's all for the moment folks!

Energy 157

Energy Energy Downstream Exploration and Production 157

Oil News Africa

JUNE 10, 2025

Oando announces that its upstream subsidiary, Oando Oil Limited, a 20% participating interest holder in the OMLs 60-63 JV and an affiliate of Oando Energy Resources Nigeria Limited, has successfully … Read More The post Oando Successfully Secures $375 Million Upsizing of its Afreximbank Reserve Based Lending Facility appeared first on oilnewsafrica. (..)

IT 52

IT Upstream Oil Energy 52

Iraq Business News: Oil & Gas

APRIL 1, 2025

Rebalancing IOCs Positioning in the Upstream Petroleum Sector in Iraq The Ministry of Oil (MoO) recently concluded an agreement with BP covering four main oilfields in Kirkuk , following an earlier contract with an unidentified Ukrainian company to resume development of the Akkas gas field. By Ahmed Mousa Jiyad.

Upstream 81

Upstream Petroleum Oil Consulting 81

Rigzone

MARCH 18, 2025

TIPRO said its new workforce data 'indicated strong job postings for the Texas oil and natural gas industry'.

Upstream 109

Upstream Natural Gas Oil Gas 109

Oil & Gas 360º

JUNE 20, 2025

“The government recognizes the complexities and high costs associated with the development of the Venus oil field by TotalEnergies,” Kornelia Shilunga, special adviser and head of upstream petroleum unit in the Namibian Presidency, said in a reply to questions.

Offshore 130

Offshore Exploration and Production Field Instrumentation 130

OilPrice

MAY 14, 2025

Lower upstream spending amid falling oil prices is set to slow the growth in oil supply from producers outside the OPEC+ pact this year and next, OPEC said in its monthly report on Wednesday.

Oil 198

Oil Upstream Barrel IT 198

Oil & Gas 360º

MAY 20, 2025

Hess Corp has transferred value from its upstream assets to its midstream assets rather than operate with the best interests of non-operating working interest owners in mind, said the lawsuit filed in a federal court in Houston. (BOE Report) – U.S. Continental Resources said it does not comment on pending litigation.

Midstream 130

Midstream IT Oil Operator 130

OilPrice

APRIL 3, 2025

Cypre is one of BPs 10 major projects expected to start up worldwide between 2025 and 2027, announced as part the reset strategy to grow upstream production. The Cypre development is the second major project to start up in two months, during which the UK-based supermajor sought to convince shareholders its investment case is now stronger

Gas 176

Gas Oil Upstream Casing 176

OilPrice

APRIL 11, 2025

Reported upstream production in the first quarter is expected to be lower compared to the prior quarter, with oil production slightly higher and gas and low-carbon energy output lower, including announced divestments in Egypt and Trinidad completed towards the end of prior quarter, BP said in a Q1 trading statement on Friday.

Natural Gas 191

Natural Gas Gas Upstream Completion 191

Egypt Oil & Gas

APRIL 20, 2025

The meeting discussed the company’s activities in its concession areas in the Western Desert of Egypt and its future plans to intensify upstream activities. The post Egypt, Capricorn Energy Talk Upstream Future Plans first appeared on Egypt Oil & Gas.

Upstream 64

Upstream Exploration and Production Energy Energy 64

McKinsey

AUGUST 20, 2020

To come out of the crisis, the sector needs to change how it works.

Upstream 124

Upstream Operator Gas Oil 124