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IEA: The World Needs Upstream Oil and Gas Investment

OilPrice

The world needs upstream investments in existing oil and gas fields to support global energy security, Fatih Birol, the executive director of the International Energy Agency (IEA), said at the CERAWeek by S&P Global conference in Houston.

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Vitol to Buy Stakes in Eni’s Upstream Projects in West Africa

OilPrice

The worlds largest independent oil trader, Vitol, will buy stakes in some upstream assets in West Africa from Eni for $1.65 Vitol, for its part, has been looking to get into more upstream and downstream assets after the worlds biggest billion, subject to closing cash adjustments, the Italian energy major said on Wednesday.

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Navigating the M&A Landscape in 2025: Insights for Small to Mid-Sized Upstream Operators

Enverus

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.

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The Shale Macro and Evolving Production Dynamics

OilPrice

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.

Upstream 280
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IEA: The world needs upstream oil and gas investment

Oil & Gas 360º

(Oil Price) –The world needs upstream investments in existing oil and gas fields to support global energy security, Fatih Birol, the executive director of the International Energy Agency (IEA), said at the CERAWeek by S&P Global conference in Houston. There is a need for oil and gas upstream investments, full stop, Birol added.

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Upstream Spending and Production Holds Steady in Canada

OilPrice

First-quarter earnings highlighted the overall trend of producers maintaining spending and production guidance for the year. Based on a peer group of 20 Canadian shale E&Ps, full year spending dropped a mere 0.4%, with output guidance remaining intact. with no impact to full-year volumes.

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CNOOC Announces Seventh Upstream Startup in Chinese Waters This Year

Rigzone

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.