World Oil@WorldOil

World Oil provides the latest news and trends in the exploration, drilling and completion of onshore and offshore oil and gas.

 Houston
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Joined March 2009
ExxonMobil plans to invest $1.5 billion within the next two years in order to revive production in the Usan field, the Nigerian Upstream Petroleum Regulatory Commission said in a statement Tuesday. Read more: ow.ly/e8cX50VOVfJ

Exxon planning $1.5 billion investment in deepwater development, Nigeria says

Exxon Mobil Corp. plans to invest $1.5 billion in a deepwater oil field in Nigeria as Africa’s top producer looks to boost output, according to the nation’s regulator. The investment, expected within...

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Congratulations to #Aramco, winner of the #WorldOilAwards2020 Best Water Management Technology award!
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Saudis, Russia call for last-minute talks before OPEC’s oil production decision. ow.ly/zlWB50Cws4P #Saudi #Russia #OPEC #oilandgas #production #oildemand #oilandgasnews

Saudis, Russia call for last-minute talks before OPEC’s oil production decision

A clear majority of OPEC+ is expected to maintain their supply curbs at current levels for a few months longer due to lingering uncertainty about the strength of demand. However, the decision is by...

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Invictus Energy Ltd. plans to start drilling at its Cabora Bassa oil and gas prospect in northern Zimbabwe by early September. #OilAndGas #OilDrilling #Upstream #Zimbabwe #Africa #AfricanEnergy ow.ly/NEIY50Kpsoo
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Around half of Gazprom PJSC’s foreign clients have complied with a request from Russia’s president to open accounts with Gazprombank JSC, according to Deputy Prime Minister Alexander Novak. #Russia #OilAndGas #NaturalGas #Gazprom ow.ly/f4MH50JcgoR
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BREAKING NEWS: Exxon Mobil Corp. formally approved its sixth oil development #offshore Guyana that will make the Latin American nation a bigger #crude producer than #OPEC member Venezuela. Read more: ow.ly/96eq50RfOVJ #oilandgas #production

ExxonMobil greenlights Whiptail oil project offshore Guyana, expects production to pass Venezuela

The Whiptail project will cost $12.7 billion and produce about 250,000 bpd as soon as the end of 2027, Exxon said in a statement Friday. Guyana’s overall daily crude capacity will climb to 1.3 MMbbl...

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JUST IN: Endeavor Energy, the largest closely-held oil and gas company in the Permian basin, is exploring a sale that could value it between $25 billion and $30 billion, according to Reuters. ow.ly/juNy50QgY2X

Permian driller Endeavor Energy explores potential $30 billion sale

Endeavor Energy, the largest closely-held oil and gas company in the Permian basin, is exploring a sale that could value it between $25 billion and $30 billion, according to Reuters.

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Rebel attack on world’s largest crude terminal sends oil prices surging above $71 per barrel. ow.ly/oTRM50DSuSh #Saudi #RasTanura #refinery #crude #oilandgas #oilprice #oildemand #Houthi #oilandgasnews

Rebel attack on world’s largest crude terminal sends oil prices surging

Saudi Arabia said a storage tank at Ras Tanura in the country’s Gulf coast was attacked on Sunday by a drone from the sea. The terminal is capable of exporting roughly 6.5 million barrels a day --...

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U.S. becomes net #oil exporter for first time in 75 years. Report: worldoil.com/news/2018/12/6/…
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.@Total starts producing at the Ichthys #LNG project, offshore #Australia. Image: INPEX. Report: worldoil.com/news/2018/7/30/…
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U.S. President Donald Trump revoked offshore oil and gas leasing bans as he made sweeping moves his first hours in office to unleash American energy development. Read more: ow.ly/hHTM50UJWBB #AmericanEnergy #offshore #oildrilling #Biden #Trump #energypolicy

Trump orders U.S. waters open to oil drilling, reversing Biden

(Bloomberg) – U.S. President Donald Trump revoked offshore oil and gas leasing bans that effectively blocked drilling in most U.S. coastal waters as he made sweeping moves his first hours in office...

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The names of the 167 people who lost their lives in the Piper Alpha disaster will be read aloud at a special memorial service taking place in Aberdeen this week to mark the 35th anniversary of the tragedy. Read more: ow.ly/sSB050P53zy #offshore #PiperAlpha #oilandgas
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Halliburton and Baker Hughes are said to be preparing to call off their $28-billion merger: worldoil.com/news/2016/5/1/h…
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Global oil demand recovery is beginning, but it’s likely to take more than a year, and perhaps much longer, before demand reaches the pre-pandemic levels of roughly 100 million barrels a day. ow.ly/PdlZ50zviZ0 #oilandgasnews #oildemand #oilprice #OPEC #oil #shale #crude

Oil demand is beginning a slow, and fragile, recovery worldwide

From the streets of San Antonio to Barcelona and Beijing, traffic data, sales at fuel stations, and pipeline flows all suggest that the slump in oil demand probably bottomed out around the middle of...

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ExxonMobil began #production at Payara, Guyana’s third #offshore oil development on the Stabroek Block, bringing total production capacity in Guyana to approximately 620,000 bpd. Read more: ow.ly/MC4Y50Q7G3p #oilandgas
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Shell is preparing to cut staff from its #offshorewind business as Chief Executive Officer Wael Sawan moves the company away from the capital-intensive renewable #energy sector. Read more: ow.ly/CMIu50RZnEf
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Namibia’s #oil potential could one day match #Guyana, where big discoveries have sparked an economic transformation and set the world’s biggest companies jostling for position. Read more: ow.ly/v8Mh50RpEyh #offshore #oilandgas #Namibia
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Accelerating #Permian decline rates prompting producers to step up drilling investment, #M&A activity, #WoodMackenzie's Robert Clarke tells #URTeC delegates in Denver. Learn more - ow.ly/f6Is50v8l8z
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"I believe it’s time for more African oil and gas-producing states to use direct negotiation to approve exploration and production rights," says NJ Ayuk of the @energy_african. Read more: ow.ly/MrEE50MemmG #production #exploration #oilandgas
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BREAKING NEWS: ExxonMobil Corp. says it found new oil in the waters #offshore Guyana, the South American nation neighboring Venezuela where major oil discoveries have been made recently. Read more: ow.ly/LZnc50QW8Xh #oilandgas #discovery #exploration

ExxonMobil makes first 2024 oil discovery in prolific Stabroek block offshore Guyana

The Bluefin well encountered approximately 197 ft (60 m) of hydrocarbon-bearing sandstone and was drilled in 4,244 ft (1,294 m) of water, Exxon said in a statement. Bluefin joins the more than 30 oil...

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BREAKING NEWS: Chevron has entered into a definitive agreement with Hess Corporation to acquire all of the outstanding shares of Hess in an all-stock transaction valued at $53 billion. Read more: ow.ly/P23o50PZKVp #Bakken #shale #production #oilandgas
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World Oil editorial: Time for Trudeau regime to lend help to Newfoundland and Labrador’s offshore industry. ow.ly/Zmt850AuhEJ #Canada #offshore #JustinTrudeau #Noia #Newfoundland #Labrador #oilandgas #oilandgasnews

World Oil editorial: Time for Trudeau regime to lend help to Newfoundland and Labrador’s offshore...

One of the more exasperating, outrageous situations being played out in the global upstream industry is the Trudeau administration turning a deaf ear, so far, to repeated requests and pleas for...

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Total starts production from giant Egina field, offshore Nigeria. ow.ly/ynw950k5hGm #Nigeria #offshore #production #oilandgas Photo @Total
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Chevron, through its subsidiary Cabinda Gulf Oil Company Limited, has signed two Risk Service Contracts for Block 49 and Block 50 #offshore #Angola, in the ultra-deep waters of the Lower Congo basin. Read more: ow.ly/fM1S50Sm2nS #oilandgas #exploration

Chevron kicks off exploration in uncharted “ultra-deep” waters offshore Angola

Block 49 and Block 50 are Chevron’s first operated assets outside the Cabinda concessions and are near other productive offshore concessions, like Block 17. Post exploration, these new blocks are...

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.@Halliburton sets record for #deepwater liner hanger installations. Image: @HessCorporation. #offshore #GulfofMexico #oilandgas More: ow.ly/E0T430lGoIp
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A top executive at Diamondback Energy Inc. called on #PresidentTrump’s administration to explain how the global #TradeWar will help #shale producers, a rare instance of public pushback from a U.S. oil boss. Read more: ow.ly/J09T50Vw9PY

Diamondback exec calls out Trump as tariff concerns mount for U.S. shale industry

A top executive at Diamondback Energy Inc. called on President Donald Trump’s administration to explain how the global trade war will help shale producers, a rare instance of public pushback from a...

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First Chevron Gorgon #LNG cargo sets sail for #Japan. More: worldoil.com/news/2016/3/21/…
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OPEC+ negotiators racing to finalize deal before markets open. ow.ly/vAwu50zbYxy #OPEC #oilpricewar #oilprice #Saudi #Russia #US #Mexico #crude #oilandgasnews
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BREAKING NEWS: Noble Corp., the world’s biggest #offshore oil-rig contractor by market value, agreed to buy its smaller competitor Diamond Offshore Drilling Inc. in a deal valued at $1.6 billion. Read more: ow.ly/O3Qk50SegL7 #drilling #oilandgas #mergersandacquisiions
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The UK’s #offshore energy industry has warned 42,000 jobs and £26billion of economic value would be wiped out under new Labour proposals to extend the #windfalltax on UK #oilandgas producers. Read more: ow.ly/gfI850QzKwi
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How much #oil can #Saudis really pump? We're set to find out. Image: Saudi Aramco. #oilandgas #production #OOTT Get more info: ow.ly/uMMz30m1aH0
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U.S. rig count poised to shed 600 rigs within 6 months, Genscape says. Learn more: worldoil.com/US-rig-count-po…
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#Europe shows it's getting serious about buying U.S. #LNG. Read more: ow.ly/QgEH30llhXa
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#Petrobras has confirmed a significant gas discovery in Colombia's offshore #GuajiraBasin, estimating the potential reserves at around 6 Tcf. Read more: admin.worldoil.com/news/2024…

Petrobras confirms major gas discovery in Colombia’s offshore basin

Petrobras has confirmed a significant gas discovery in Colombia's Guajira offshore basin, estimating the potential reserves at around 6 Tcf.

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U.S. drilling rig count lowest since 1975 as shale boom fades. ow.ly/pdyO50zBuDQ #US #drilling #shale #crude #oil #oilfieldservices #oilprice #oildemand #oilandgasnews
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The 2020 #oil market is quickly turning ugly. #oilandgas #oilprice #forecast #OOTT Find out more --> worldoil.com/news/2019/6/9/t…
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Asia’s LNG demand upends global gas pricing models. ow.ly/gPZO50DZ1xI #China #Korea #LNG #naturalgas #oilandgasnews #energynews
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Chesapeake Energy plans to put 80 new #naturalgas wells into suspended animation by the end of this year with an eye to turning them on when prices for fuel rebound from the lowest prices in years. Read more: ow.ly/H5p850R4BKQ #production #drilling #onshore

Chesapeake Energy to put 80 new natural gas well into suspended animation until prices rebound

Chesapeake Energy Corp. plans to put 80 new natural gas wells into suspended animation by the end of this year with an eye to turning them on when prices for power-plant and heating fuel rebound from...

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Is a shale-sized oil boom hiding in Britain’s Atlantic Bedrock? "If his science is correct, there will be enough oil pooled in those cracks to make him a very rich man." #oilandgas #oilgas #shale #geology #drilling #exploration #fracing #UK #RobertTrice Photo: @hurricomms
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China charters 19 tankers for record U.S. crude oil shipment. ow.ly/1hbW50B5vh7 #China #US #tradedeal #oil #crude #tanker #tariff #oilandgas #oilandgasnews
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Epsilon is entering into a second drilling-focused transaction in the Permian basin. Read more: ow.ly/6qpi50Oq7eO #PermianBasin #onshore #drilling
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#Guyana has become the bedrock of Exxon’s post-Covid corporate revival. The Texas oil giant has a 45% share of a field that costs less than $35 a barrel to produce, making it one of the most profitable outside of #OPEC. Read more: ow.ly/3GsI50SPEhg #oilandgas #offshore
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BREAKING NEWS: SLB agreed to acquire ChampionX for $7.8 billion, a move that will bulk up SLB’s portfolio as aging #shale fields prompt U.S. drillers to seek better technology to maintain #oilandgas #production. Read more: ow.ly/jk1K50R6Xon #mergersandacquisitions

SLB to expand oil and gas production portfolio with $7.8 billion ChampionX acquisition

The acquisition will help SLB expand its artificial lift technology, which helps keep output from older wells flowing. SLB has the biggest market share in artificial lift with 21%, and ChampionX will...

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#Oil majors to increase #offshore spending. Photo: BP. #oilandgas #exploration Read more --> worldoil.com/news/2019/1/11/…
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Brazil's burgeoning crude production is OPEC’s next headache. Click to find out how much production is expected! worldoil.com/news/2019/2/20/… #oilandgas #Brazil #Texas #NorthDakota #SaudiArabia #OPEC #Shale Photo: @petrobras
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Chevron announced it is expanding #production at its Tamar #naturalgas field #offshore Israel. Read more: ow.ly/ibkY50QFpWH #oilandgas

Chevron to increase natural gas production from Tamar field offshore Israel

Chevron will increase natural gas production to as much as 1.6 Bcfd, up from the 1 Bcfd the Tamar field usually produces.

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Shell reduced its targets for #carbon #emissions cuts in the coming decade, while maintaining the ambition of becoming a #netzero company by 2050. Read more: ow.ly/hgJp50QTGcc #oilandgas #energytransition
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ICYMI: Oil hits 2019 high as OPEC+ re-commits to cuts in the near term. Learn more -> ow.ly/xgp950nSuNY #OPEC #oilandgas
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Total in talks to buy Engie LNG assets, CEO says. Find out more: ow.ly/JHeP30g6lab
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Exxon Mobil Corp. surpassed Tesla Inc. in market value for the first time in more than a year after the electric vehicle maker’s sales slowed and investors bet on consumers’ reluctance to ditch gas-powered cars. Read more: ow.ly/MhjV50Rkluy #oilandgas

ExxonMobil’s market value tops Tesla’s on Guyana, Permian production success

Tesla is down 41% in a punishing start to the year, marked by renewed growth worries, widespread job cuts and its first year-over-year sales drop since the early days of the pandemic. Meanwhile,...

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#Qatar Petroleum acquires 30% equity in two ExxonMobil affiliates in #Argentina. Get more info: worldoil.com/news/2018/6/4/q…
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The first American oil discovery was reported in 1859, near Titusville, Pa. A photo from the Drake Well Museum collection shows Edwin Drake (right) at the drill site. Photo courtesy of the American #OilandGas Historical Society. #exploration #drilling #tbt #ThrowbackThursday
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BREAKING NEWS: ExxonMobil, along with partners Hess and CNOOC, made a “significant discovery” in the Stabroek block offshore Guyana. Read more: ow.ly/bhcK50Q1I9l #offshore #discovery #oilandgas
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BREAKING - OPEC and allies agree to 10 MMbpd production cut. ow.ly/qtRx50za8ZH #OPEC #Saudi #Russia #oil #crude #production #oilpricewar #oilandgasnews #breakingnews
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Transocean is in talks to merge with rival Seadrill, as #deepwater drilling work is once again on the rise thanks to steady #oilprices and slower production growth from U.S. shale fields #mergers #Transocean #Seadrill #offshore #drilling #shale Read more: ow.ly/M3YT50TSR8j

Transocean considers merger with rival Seadrill as offshore work ramps up

Transocean Ltd. is in talks to merge with rival offshore drilling contractor Seadrill Ltd., as deepwater drilling work is once again on the rise thanks to steady oil prices and slower production...

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ExxonMobil begins #drilling Haimara-1 #exploration well, offshore #Guyana. Image: Exxon. #offshore #oilandgas Get more info --> worldoil.com/news/2019/1/7/e…
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Offshore driller Noble Corp. files for bankruptcy to handle $3.4 billion in debt. ow.ly/CuXr50ANDBj #NobleCorp #offshore #deepwater #drilling #oilandgas #bankruptcy #oilandgasnews
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#BREAKINGNEWS Anadarko board unanimously chooses revised Oxy bid, notifies Chevron of agreement termination. ow.ly/nV2D50u17Qv #biddingwar #oilandgas #oilgas #Anadarko #Occidental #Chevron #mergers #acquisitions #bigleagues
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Diamond Offshore Drilling. has entered into a contract with BOE Exploration & Production LLC for the Ocean BlackRhino for work in the U.S. Gulf of Mexico. Read more: ow.ly/g6LE50SHEzL #offshore #drilling #oilandgas
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World Oil honors President George H.W. Bush, as his state funeral has taken place. We reflect on his circa-late 1950's cover photos, and his great contributions to the oil and gas industry, starting Bush-Overbey Oil Development CO. & Zapata Petroleum Corp. #GeorgeHWBushFuneral
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The number of oil wells drilled in the U.S. in 2020 will be its lowest in more than 80 years, per World Oil's upcoming forecast. Read more: ow.ly/xTpr50Bx3lG #oilandgas #oilfieldservices #drilling #shale #crude #oil #oilandgasnews #energy #forecast
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#EniSpA has received significant interest for its next #FLNG project in #Mozambique, even as international lenders face growing pressure to reduce exposure to fossil fuels. Read more: ow.ly/v9zb50TK5kr

Eni attracts substantial funding interest for next floating LNG plant

Eni SpA has received significant interest for its next FLNG project in Mozambique, even as international lenders face growing pressure to reduce exposure to fossil fuels.

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Exxon Mobil Corp. pressed the case for #hydrogen produced from #naturalgas to receive U.S. tax credits under the Inflation Reduction Act after signing an accord to sell the #lowcarbon fuel to JERA Co., Japan’s biggest power provider. Read more: ow.ly/hh0050R1kMm #IRA

ExxonMobil presses case for hydrogen IRA tax credit following ammonia accord with JERA

JERA will consider buying 500,000 tons a year, or half the ammonia produced from Exxon’s proposed low-carbon hydrogen project in Baytown, Texas, the companies said in a statement. Hydrogen can be...

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It’s not hard to see why the Permian has become so important to ExxonMobil as the oil giant becomes Permian Drill Chief to combat falling oil output. Find out how much they are targeting in 2020 -> ow.ly/dMpp50jY7kM #ExxonMobil #PermianBasin #Shell #Shale #Texas #NewMexico
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Saudi Aramco Chief Executive Officer Amin Nasser said the global #energytransition is “visibly failing” on most fronts as proponents overlook the impacts on consumers dependent on cheap, reliable fuels. Read more: ow.ly/4B8K50QWxFt #oilandgas #CERAWeek

Aramco CEO says energy transition is “failing” with oil industry as scapegoat at CERAWeek 2024

Saudi Aramco Chief Executive Officer Amin Nasser said the global energy transition is “visibly failing” on most fronts as proponents overlook the impacts on consumers dependent on cheap, reliable...

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An oil terminal #Iran built to bypass the vital #StraitofHormuz appears to have partially filled with crude — offering Tehran a means to get a little of its oil into the world without using the waterway. #OilExports #IranOil Read more:admin.worldoil.com/news/2024…

Iran oil terminal built to bypass Strait of Hormuz is filling with crude

An oil terminal Iran built to bypass the vital Strait of Hormuz appears to have partially filled with crude — offering Tehran a means to get a little of its oil into the world without using the...

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EIA: #Offshore discoveries in the #Mediterranean to increase #Egypt’s #natgas output. Image: @EIAgov #oilandgas #exploration More: ow.ly/Fgka30lpaYo
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Norwegian #oilandgas companies will drill more #exploration wells this year as the country seeks to maintain its position as a key oil and gas supplier to Europe. Read more: ow.ly/X7VO50Qq1rP #production #drilling
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National oil companies tend to be less efficient than their private-sector counterparts. Yet Petroleos Mexicanos, with a workforce of about 128,000, stands out even among its state-owned peers #Pemex Read more: ow.ly/BP7l50TV3Ag

Pemex CEO faces tough road to fix world’s most indebted major oil producer

National oil companies tend to be more bloated and less efficient than their private-sector counterparts. Yet Petroleos Mexicanos, with a workforce of about 128,000, stands out even among its...

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On Day 1 of #OTC2024, Chevron's Khiem Nguyen spoke about the Anchor project, the #oilandgas industry’s first #deepwater ultra-high-temperature development to achieve a final investment decision. Read more: ow.ly/CTI850Ry7eW #offshore #HPHT
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ICYMI: #Canada's rig count plunges by more than half in two weeks. #oilandgas #production #drilling #oilindustry #OOTT Find out more --> worldoil.com/news/2018/12/30…
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On Thursday, April 11, reports surfaced that Abu Dhabi National Oil Company, the UAE’s state-owned oil and gas company, previously pursued acquiring Britan’s energy giant, bp. Read more: ow.ly/pvBX50ReB6Z #mergersandacquisitions #oilandgas

ADNOC considered acquiring bp following major purchases by IOCs like ExxonMobil, Chevron

According to “people familiar with the matter,” discussions didn’t progress farther than initial conversations. Along with political factors, ADNOC decided that the $110.3 billion company wouldn’t...

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#Oil discoveries at 70-year low signal supply shortfall ahead. Report: worldoil.com/news/2016/8/30/… Image: Seadrill.
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Berkshire Hathaway Inc. has bought nearly $590 million of Occidental Petroleum Corp. stock this week after the Texas oil company agreed to buy #Permian producer CrownRock in one of the biggest #energy deals of the year. Read more: ow.ly/R6A450QiYc4 #oilandgas #shale
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.@AlbaMinerals completes Portland extended flow test. Image: Alba Mineral Resources. #oilandgas #UK Details: ow.ly/nu7Y30l1VRU
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Offered for your Sunday reading, World Oil presents an in-depth analysis of the 20-minute period on April 20th that changed the oil market forever as WTI closed negative for the first time in history. ow.ly/Qroj50zoLcy #oilprice #oilandgasnews #Sundayreading
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Merged Technip, FMC to become second-largest oilfield service company, Rystad says. More: worldoil.com/news/2016/5/20/…
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The chief of the largest U.S. producer of #naturalgas has warned that a lack of #pipelines and storage facilities will trigger dramatic price swings in the years ahead, causing them to surge as much 350%. Read more: ow.ly/JXba50QYhCN

EQT CEO warns lack of natural gas storage will trigger dramatic price swings

Gas demand in the U.S. has jumped 50% since 2010, while pipeline and storage capacity have increased just 25% and 10% respectively, EQT Corp. Chief Executive Officer Toby Rice said during an interv...

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The ExxonMobil-led Liza Unity #FPSO project in the prolific Stabroek block #offshore #Guyana has reached peak #production at 252,000 bpd. Read more: ow.ly/OXJy50RAYYT #oilandgas #OTC2024
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Aqualis Offshore oversees transport of world’s largest jackup rig. Details: worldoil.com/news/2016/8/1/a…
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Algeria is close to signing a deal with U.S. #oilandgas giants Chevron and ExxonMobil as the #OPEC member aims to increase #naturalgas #exploration and #production and remain a key supplier of the fuel to Europe. Read more: ow.ly/I8mf50S2Z0i #oilandgas
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Exxon Mobil Corp. is convinced its interpretation of intent in a Guyanese oil contract signed a decade ago will prevail in a landmark arbitration case against Chevron Corp. Read more: ow.ly/3zpR50R0J0I #oilandgas #offshore

ExxonMobil confident in interpretation of intent in Guyana oil contract in Chevron dispute

Exxon Mobil Corp. is convinced its interpretation of intent in a Guyanese oil contract signed a decade ago will prevail in a landmark arbitration case against Chevron Corp.

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WTI crude price closes in negative territory for the first time in history. ow.ly/VpBQ50zjvCO #oilprice #WTI #crude #oil #US #oilpricewar #oilandgasnews #breakingnews

WTI crude price goes negative for the first time in history

A perfect storm of weak demand, unbridled production by warring producers, and an exhaustion of storage capacity drove West Texas Intermediate crude to its lowest closing price in modern history.

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ExxonMobil has signed a deal for oil and gas exploration off the coast of Trinidad and Tobago, a decade after making the world’s largest discovery in a generation in nearby #Guyana. @exxonmobil Read more: ow.ly/2zEp50WFBSR #ExxonMobil #offshoreexploration #Trinidad

ExxonMobil signs exploration deal for offshore Trinidad

ExxonMobil has signed a deal to explore for oil and gas off the coast of Trinidad and Tobago, a decade after making the world’s largest discovery in a generation in nearby Guyana.

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#Kuwait Petroleum Corp. plans to spend about $33 billion over five years to ramp up #OilProduction capacity, betting on long-term demand, according to Bloomberg Read more: ow.ly/suYR50UcrrB

Kuwait plans $30 billion, five-year spend strategy to boost oil production

Kuwait Petroleum Corp. plans to spend about 10 billion dinars ($33 billion) over five years to ramp up oil production capacity, betting on robust demand for decades to come.

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Petrobras considers a newly amended law an important milestone for the #OilandGas sector in #Brazil, bringing widespread benefits and enabling new investments Read more: ow.ly/6FrZ50UyVS3 #Petrobras #BrazilOil #EnergyPolicy #production

Petrobras releases statement on new oil and gas legislation in Brazil

Petrobras has released a news statement regarding a Brazilian government enacted law which addresses the possibility of transfer of local content surpluses among contracts in exploration and produc...

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Western Energy Alliance congratulated the newly re-elected president #Trump and also recognized Senator Steve Daines (MT) for his successful U.S. #Senate appointment. The WEA is an association of western #OilandGas E&P companies Read more: ow.ly/RpIT50U2r7X

Trump, Congress can advance American energy, says Western Energy Alliance

Western Energy Alliance today congratulated the newly re-elected president Donald J. Trump. The association of western oil and natural gas exploration and production companies also recognized Senator...

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#ICYMI - Biden’s green energy plan seeks to end natural gas use within 15 years. These are the pages he's likely to pull from the Obama administration's playbook. ow.ly/Ginj50CeG6Y #JoeBiden #naturalgas #LNG #fossilfuels #decarbonization #oilandgas #fracking #shale

Biden’s green energy plan seeks to end natural gas use within 15 years

“Decarbonization isn’t a debate -- it’s a fossil-fuel death sentence,” said Kevin Book, managing director of ClearView Energy Partners. “It means a resource is going off the grid. That is the...

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Shell will acquire TotalEnergies' 12.5% interest in the #Bonga oil field for $510 million, the companies announced today. Shell's stake will increase to 67.5%, as the oil major strengthens its focus on offshore Nigeria production assets. Read more: ow.ly/7CiO50W10ri

Shell to buy TotalEnergies' stake in Nigeria deepwater field for $510 million

TotalEnergies has signed an agreement with Shell to sell its 12.5% interest in the Bonga oil field, offshore Nigeria, for $510 million. The deal increases Shell’s stake in the Bonga oil field to...

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#Shell saw continued strong performance from its natural gas and upstream businesses in the third quarter, even as oil-refining margins declined and it expects to lose money in chemicals. #NaturalGas #Upstream Read more: admin.worldoil.com/news/2024…

Shell's third-quarter natural-gas output remains strong despite oil-refining losses

Shell saw continued strong performance from its natural gas and upstream businesses in the third quarter, even as oil-refining margins declined and it expects to lose money in chemicals.

admin.worldoil.com
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ICYMI: #SaudiArabia is said to be comfortable with Brent above $80. Image: Saudi Aramco. #oilandgas #crude #OOTT More: ow.ly/r6Lb30lVkhM
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Saudis add 1 MMbbl to output cut to help stabilize oil prices. ow.ly/U02a50zCFHB #Saudi #oil #crude #OPEC #production #oilprice #oilpricewar #oildemand #oilandgasnews

Saudis add 1 MMbbl to output cut to help stabilize oil prices

Saudi Arabia announced an extra voluntary oil-production cut of 1 million barrels a day, bringing output to its lowest in 18 years as the kingdom tries to prop up a nascent recovery in energy markets.

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At #OTC2017, Secretary Zinke signs orders implementing new offshore energy strategy. Report: worldoil.com/news/2017/5/1/a…
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Guyana's economy grew by 49.7% in H1 2024, with the #oilandgas sector, accounting for 67% of that growth. #Guyana produced 113.5 MMbbl of oil from January to June, and the oil sector is projected to grow by 56.4% this year. Read more: ow.ly/tLW750TeiKW #offshore
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Murphy Oil Corp. has begun producing oil from a new deepwater Gulf of Mexico project, months ahead of schedule. #Deepwater #Offshore #FirstOil #OilAndGas #Upstream #Oil ow.ly/es7850IHFyO

Murphy Oil strikes first oil from new Gulf of Mexico project

Murphy Oil Corp. has begun producing oil from a new deepwater Gulf of Mexico project, months ahead of schedule.

worldoil.com
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ICYMI: Brazil said to see Petrobras payout surpassing $18 billion. Learn more about the deal -> ow.ly/2AV350nSuwD #Brazil #Petrobras #Shell #oilandgas Photo: MarineTraffic.
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Eni successfully drills well #offshore #Mexico, upgrades resource potential to 1.4 Bboe. More: worldoil.com/news/2017/9/26/…
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ExxonMobil and Chevron Corp are predicting their #production in the #PermianBasin will increase by 10% this year. Exxon also revealed that production from its oil development in #Guyana in the Q1 surged 70% from a year earlier. Read more: ow.ly/QqYN50RrjfT #oilandgas

ExxonMobil, Chevron to increase Guyana, Permian oil production amidst $100 billion M&A spending

Exxon is set to become the Permian’s biggest producer once it closes its $64 billion acquisition of Pioneer Natural Resources Co. while Chevron is spending $52 billion on Hess Corp. to gain a 30%...

worldoil.com
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Iraq’s oil minister said he won’t agree to more oil #production cuts at the next #OPEC+ meeting. Read more: ow.ly/AHOa50RCXh2 #oilandgas
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ExxonMobil and Chevron are likely to shoulder more of the #Permian basin’s oil growth as independent producers cut back due to falling crude prices. #tradewar #OPEC #oilprices #oilsupply Read more: ow.ly/4OyU50VMvw1

Exxon, Chevron likely to maintain Permian growth as independents scale back

Exxon Mobil Corp. and Chevron Corp. are likely to shoulder more of the Permian basin’s oil growth as independent producers cut back in response to U.S. President Donald Trump’s trade war and supply...

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