Production
News
December 22, 2024
LandBridge has closed its previously announced acquisition of approximately 46,000 largely contiguous surface acres, known as the Wolf Bone Ranch, in the Delaware Basin from a subsidiary of VTX Energy Partners.
News
December 20, 2024
(Bloomberg) – BP Plc and the Iraqi government took another step toward reviving one of its most prolific oil and gas resources, the Kirkuk field. The agreement on technical terms to redevelop the field is an important step toward a fully termed contract.
News
December 18, 2024
(Bloomberg) – Nigeria approved a $1.3 billion deal that would see a group of local companies buy Shell Plc’s onshore assets in Africa’s biggest crude producer.
News
December 17, 2024
Petro-Victory Energy Corp. has announced the signature of an exclusivity agreement with Brava Energia S.A. for the potential acquisition of 13 oil-producing fields in Rio Grande do Norte, Potiguar Basin.
News
December 16, 2024
Vitesse Energy has announced a definitive agreement to acquire Lucero Energy in an all-stock transaction valued at $222 million. The addition of Lucero’s operations will enable Vitesse to expand its assets across the Bakken shale region.
News
December 16, 2024
Venture Global announced it has reached first liquified natural gas (LNG) production at the company's second facility, Plaquemines LNG, in Port Sulphur, Louisiana. The milestone was achieved just 30 months from its Final Investment Decision (FID).
News
December 09, 2024
(Bloomberg) – A shale-drilling frenzy in Argentina has put the country on the verge of leapfrogging regional rival Colombia as a top-three crude producer in South America.
News
December 05, 2024
(Bloomberg) – Chevron Corp. plans to slow production growth in the biggest U.S. oil field next year in the most definitive sign yet that President-elect Donald Trump faces an uphill battle to ramp up American oil output.
News
December 05, 2024
Crescent Energy Company has announced the signing of a definitive agreement to acquire Eagle Ford assets from Ridgemar Energy for upfront consideration of $905 million plus future oil price contingent consideration
News
December 05, 2024
CNX Resources Corporation has entered into a definitive agreement to acquire the natural gas upstream and associated midstream business of Apex Energy II in the Appalachian Basin for total cash consideration of approximately $505 million.
News
December 02, 2024
PetroTal Corp. has successfully acquired 100% working interest in Peru Block 131, following its acquisition of CEPSA Peruana. The Los Angeles oil field at Block 131 was discovered by CEPSA Peru in 2013.
News
November 26, 2024
Exxon says U.S. oil producers won't significantly boost output under Trump, despite calls to "drill, baby, drill," citing economic priorities over political changes.
News
November 21, 2024
Nostra Terra, the international oil & gas exploration and production company with development and production assets in Texas, U.S., has announced a successful fundraise supported by institutional investors, Directors and Management, existing shareholders and new investors.
News
November 18, 2024
ChampionX has completed a multi-million-dollar transformative project to enhance its chemical manufacturing hub in the Permian basin. The project is a key initiative to meet industry demands while reducing inter-plant transportation, and associated carbon emissions, by approximately 56.7 tons of CO2 per year.
News
November 08, 2024
(Bloomberg) – Oil driller Perenco S.A., owned by the billionaire Perrodo family, will concentrate three quarters of its $2 billion investments next year in a handful of African countries as part of a strategy that includes more gas projects.
News
November 01, 2024
(Bloomberg) — Exxon Mobil Corp. and Chevron Corp. beat analysts’ profit, output and sales estimates as rising oil production from the Permian Basin helped offset weaker crude prices.
News
November 01, 2024
Petrofac has been awarded a multi-million-dollar, two-year contract by Bapco Upstream. Petrofac will support Bapco's production plans to meet gas demands for Bahrain through the delivery of well hook-ups, associated pipelines and tie-ins for several new wells within the Bahrain Field.
News
October 24, 2024
(WO) — In partnership with a Calgary-based private operator, Epsilon will earn a 25% working interest in undeveloped lands, covering approx. 150,000 gross total acres in the Mannville and Upper Viking formations and targeting horizontal drilling of oil wells
News
October 24, 2024
(WO) — U.S. natural gas production from shale and tight formations decreased slightly in the first nine months of 2024 compared with the same period in 2023, according the U.S. Energy Information Administration (EIA).
News
October 24, 2024
(WO) — Matador Resources Co. plans to produce more oil in 2024 than previously planned, a signal that wells in the western part of the Permian basin — the busiest U.S. oil field — continue to lead national oil growth.
News
October 22, 2024
(WO) — As part of an ongoing joint venture with LGX Energy, Black Gold Exploration has added 822 acres to the package of oil, gas and mineral leases in Indiana, U.S., where LGX is actively involved in exploration and production.
