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According to Enverus Intelligence Research, the upstream M&A (mergers and acquisitions) sector “hit the brakes” during the second quarter, falling 21% quarter-over-quarter to $13.5 There were two Marcellus/Utica deals in the top five. Actually, our two deals were in the top three.
Calgary, Alberta (July 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 2Q2025 upstream M&A activity and outlook for the rest of the year. energy producers, and more than 40,000 suppliers.
Petronas’s Canadian unit includes extensive upstream operations in British Columbia and a 25% stake in the LNG Canada terminal,… The deal, now reportedly in late-stage negotiations, could value the assets between $6 and $7 billion, making it one of the largest LNG transactions of the year.
The first quarter of 2025 has seen a remarkable surge in oil and gas mergers and acquisitions (M&A) within the upstream oil and gas sector, with transactions totaling $17 billion. Conclusion The M&A landscape in 2025 presents both challenges and opportunities for small to medium-sized upstream operators.
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. Right now, U.S. oil majors are holding the better hand in the world of E&P. And the reason is simple: they’ve got the Permian, and Europe doesn’t.
upstream oil and gas sector, analytics firm Enverus said on Wednesday. Volatility across energy and equity markets spooked investors in the second quarter, slowing the pace of mergers and acquisitions in the U.S.
Africa’s upstream oil and gas sector is undergoing a transformative shift. In recent years, majors have scaled back their exposure to mature, non-core assets across the continent, opening the door for a new wave of regional independents, traders, and non-African national oil companies (NOCs) to step in as consolidators and value creators.
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. (World Oil) – The methane intensity of oil and gas production in the Permian basin—an area responsible for half of U.S.
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. At the time of writing, none of the above have responded to Rigzone.
Image by shih-wei via iStock According to the Texas Independent Producers and Royalty Owners Association’s (TIPRO) analysis, direct Texas upstream employment for June totaled 205,400. TIPRO said in the statement that fluctuations in monthly employment are normal and subject to revisions with CES data. percent, and Texas down by 7.6
Upstream merger and acquisition (M&A) activity experienced a sharp downturn in early 2025, with global deal value plunging 39% from the fourth quarter of 2024 to just $28 billion in the first quarter of 2025 – less than half the $66 billion recorded in the same period a year earlier. As the year progressed, upstream M&A…
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.
Canada’s oil sands giants, Suncor and Imperial Oil, have become North America’s lowest-cost producers, a key transformation in the upstream landscape as shale producers struggle to break even with new wells as WTI prices still linger around $65-68 per barrel. Why Isn’t Canada Cutting Oil Production?
The upstream shale oil and gas sector has been written off by investors thanks to a 30% decline in oil prices since the first of the year. From near $80 in mid-January, tariff-led demand fears have overcome supply fears, and the price of WTI-the benchmark crude for most U.S. companies, to the upper $ 50s.
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.
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.
TotalEnergies, operator of Block 17 and 17/06, continues to actively deliver its low-cost and low-emissions developments to grow its upstream production by more than 3% in 2025,” stated Nicolas Terraz, E&P President at TotalEnergies.
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.
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…
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…
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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%. Saudi Arabia’s upstream oil and gas investment is the highest in the Middle East, and is set to reach US$40bn in 2025, nearly 15% higher than in 2015.
Upstream merger and acquisition (M&A) activity fell sharply in early 2025, although gas deals are proving attractive, according to new research from Rystad Energy Global deal value plunged 39% from the fourth quarter of 2024 to just US$28bn in the first quarter of 2025 – less than half the US$6bn recorded in the same period a year earlier.
Petronas signed a deal with Eni to combine their upstream assets in Malaysia and Indonesia and separately penned multiple agreements with TotalEnergies for several Malaysian and Indonesian blocks.
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.
Libya’s NOC has released the finalized list of 37 international firms that have qualified for its current bid round, reflecting renewed interest in the country’s battered upstream sector despite ongoing instability.
About Mach Natural Resources LP Mach Natural Resources LP is an independent upstream oil and gas company specializing in acquiring, developing, and producing oil, natural gas, and NGL reserves across the Anadarko Basin region, which spans western Oklahoma, southern Kansas, and the Texas Panhandle.
Sagentia Innovation’s Dan Spencer, R&D Consultant, and Michele Turitto, Managing Partner, Industrial, Chemicals, and Energy, discuss how to deliver on upstream goals with expert selection and integration of sensors.
With the increase in investments not only in upstream development but also in infrastructure—pipelines, processing plants, and liquefied natural gas projects—we expect realignments aimed at diversifying producers’ exposure, with some buying and others selling,” said energy lawyer Jose Martinez de Hoz of Martinez de Hoz & Rueda.
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.
COG Operating announced June 27 resolves a contentious dispute between surface estate owners and mineral estate holders “with far reaching implications for the water midstream sector and upstream oil and gas industry.”
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. It appears to be going places in its bid to bring AI to the oil and gas sector, which, as Adamson noted, is the most "under-optimised industry on earth."
Tokyo Gas is also expanding into upstream U.S. Tokyo Gas is also expanding into upstream U.S. LNG from the U.S. tends to be more flexible than supply from other countries, as it allows the buyer to easily divert shipments should domestic demand falter or prices become more attractive elsewhere. gas production. LNG from the U.S.
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.
Read the latest issue of Oilfield Technology magazine for upstream news, project stories, industry insight and technical articles. Please sign in or register for free.
Implications for the Wider M&A Market This transaction is significant not just for EOG, but for the entire upstream M&A landscape. Looking Ahead EOG’s move into the Utica reflects a broader shift in upstream strategy as Tier 1 inventory becomes scarce and operators look to emerging plays. billion in debt and $2.1
The list was featured in Upstream Pulse , a bi-monthly report that covers exploration and production, deals and capital markets for the North American and global oil and gas sector.
Consistent with Post Oak’s four earlier funds, Fund V will focus on the lower middle market of North American upstream oil and gas industry. Houston-based Post Oak Energy Capital said last week it closed Fund V of Post Oak Energy Partners in May with capital investments of $600 million.
. “Comenzamos a trabajar con el concepto de readaptar un horno de arco eléctrico gracias a experimentos internos y a nuestro profundo conocimiento de los hornos de arco eléctrico (EAF)”, explica Paolo Argenta, vicepresidente ejecutivo de la Unidad de Negocios Upstream de Tenova.
This new system, known as the EU ETS2, will focus on upstream emissions, targeting fuel suppliers instead of end consumers. An expansion of the EU ETS that covers buildings and road transport emissions is expected to be fully operational by 2027. However, it will also include small industry sectors not covered under the ETS1.
Global gas flaring at upstream oil and gas facilities has risen for a second year in a row, according to the World Bank’s annual Global Gas Flaring Tracker Flaring rose by 2% to 151 billion cubic meters (bcm) in 2024, the highest level in almost two decades.
Read the latest issue of Oilfield Technology magazine for upstream news, project stories, industry insight and technical articles. Please sign in or register for free.
” Read the latest issue of Oilfield Technology magazine for upstream news, project stories, industry insight and technical articles. Please sign in or register for free.
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