North America
News
October 16, 2023
Tourmaline’s production will increase to 600,000 boed after the acquisition, which is expected to close late next month.
News
October 13, 2023
The zealous proposal by the National Marine Fisheries Service may lead to major limitations when transporting oil and gas products, which in turn would have an alarming and negative effect on the economy of Texas.
News
October 12, 2023
Job cuts will be “fairly minimal,” CEO Darren Woods said just hours after announcing Exxon’s biggest acquisition in more than two decades. “We’re really focused on making sure we are leveraging the capability of Pioneer and their people.”
News
October 12, 2023
The Legislature set a target of 1,000 orphaned wells to be plugged in fiscal year 2023, and the RRC plugged a total 1,750 wells including1,020 wells with oil and gas funds and an additional 730 orphaned wells using federal grants.
News
October 12, 2023
U.S. oil production jumped to 13.13 MMbpd last quarter and is forecast to rise to 13.16 MMbpd in the fourth quarter, according to the Energy Information Administration’s monthly Short-Term Energy Outlook released Wednesday.
News
October 12, 2023
The shale sector is a hotbed of consolidation talk as oil companies compete for the best drilling portfolios in the Permian basin, North America’s biggest source of crude.
News
October 11, 2023
ExxonMobil officials, including Senior V.P. Neil Chapman, held a media briefing on Wednesday morning (Oct. 11), to further articulate it's acquisition of Pioneer Natural Resources. World Oil sat in on that discussion, which included the company’s drilling plans, shale outlook and midstream operations.
News
October 11, 2023
The Tiberius exploration well tested a four-way structural trap in the outboard Wilcox trend, located in Keathley Canyon Block 964. The well encountered approximately 250 ft (~75 m) of net oil pay in the primary Wilcox target.
News
October 11, 2023
At close, ExxonMobil’s Permian production volume would more than double to 1.3 MMboed, based on 2023 volumes, and is expected to increase to approximately 2 MMboed in 2027.
News
October 10, 2023
(WO) — Vitesse Energy has acquired additional oil and gas interests in the Williston basin of North Dakota, resulting in approximately $50 million of acquisition and related development capital expenditures, primarily in the third and fourth quarters of 2023., the company said on Oct. 9.
News
October 10, 2023
Kolibri Global Energy reported that its latest set of down-spaced wells in the Tishomingo field, Oklahoma, are yielding higher production rates compared to its earlier wells in the same area
News
October 09, 2023
Civitas Resources entered into an agreement with Vencer Energy, a Vitol investment, to acquire oil-producing assets in the Midland basin of West Texas for approximately $2.1 billion.
News
October 06, 2023
The study, conducted by EIAP, finds that recently proposed restrictions on oil and natural gas vessels operating in the Gulf of Mexico would have a major impact on jobs, industry investment, government revenue and oil and natural gas production in the region, to a nearly one-quarter decline – which is more than 500,000 boed – in energy production in the Gulf of Mexico by 2040, even as demand continues to rise.
News
October 06, 2023
The deal would be Exxon’s biggest acquisition since merging with Mobil Corp. in 1999, and would make the energy giant the top producer in the most prolific U.S. oil basin.
News
October 05, 2023
Lease Sale 261 will offer approximately 13,618 blocks on 72.7 million acres on the U.S. Outer Continental Shelf in the Western, Central, and Eastern Planning Areas in the Gulf of Mexico.
News
October 05, 2023
The acquisition adds 61,000 bpd of net bitumen production capacity and 675 MMbbl of proved and probable reserves to Suncor's existing oil sands portfolio.
News
October 04, 2023
With as many as 10 deepwater rigs forecast to go back to work throughout the oil industry by the end of next year, Noble’s Chief Executive Officer Robert Eifler said he sees Brazil and West Africa leading the world in growth as activity in the U.S. Gulf holds flat.
News
October 04, 2023
The revisions proposed by the Commission under Chapter 4 and Statewide Rule 8 reflect the Commission’s mission to serve Texas through stewardship of natural resources and the environment.
Article
September 2023
OPEC’s 1-MMbopd production cut, coupled with increased global demand, pushed crude prices to a nine-month high in September. Yet, U.S. operators have shown restraint, and according to World Oil’s mid-year forecast, this trend will continue, as activity is projected to decline slightly during second-half 2023.
Article
September 2023
Caution leads the way as Canada’s oil industry seeks to find the balance between burgeoning global needs for its ethically and sustainably produced energy and increasingly punitive policies from Ottawa that threaten industry’s ability to meet demand.
News
October 01, 2023
The nation’s production rose to 12.991 MMbpd, the highest since a peak of 13 MMbpd in November 2019, according to data from the Energy Information Administration. Most of the gain came from Texas, where oil drillers produced a record 5.63 MMbpd.
