Chevron continued to prioritize Permian Basin investment for new production and is seeing D-J Basin growth after closing its $6.3 billion acquisition of PDC Energy last year, CEO Mike Wirth said.
Here’s a roundup of the latest E&P headlines, including a new contract award and drilling technology.
Winners of the Call for Bids No. NL24-CFB01 will be selected based on the highest total of money the bidder commits to spend on exploration of a parcel during the first six years of a nine-year license.
France’s TotalEnergies and U.S. partner APA Corp. look to place their long lead orders ahead of a final investment decision related to their joint development offshore Suriname in Block 58.
The global upstream industry could see dealmaking worth another $150 billion throughout the remainder of the year, with focus shifting to shale plays in U.S. other than the Permian Basin, analysts at Rystad Energy said in a report. M&A activity in the global upstream industry has already crossed the $64 billion mark this year, most …
Global Upstream Sector Set for deals Worth $150 billion Over Rest of 2024, Report Says Read More »
Diamondback Energy shareholders have approved the $26 billion merger with Endeavor Energy Resources.
Stratas Advisors says even with the reported drawdown in U.S. crude inventories, the price of Brent crude oil remains below the upward channel that had been in place since January of this year.
Tivoli Midstream acquired the Chocolate Bayou from Ascend Performance Materials, including storage and land for development.
Demand for bank loans fell in 2022 and again in 2023 The drop occurred after two years of rising oil prices Bloomberg Last year, the demand for loans from fossil-fuel companies fell 6% year-on-year and that followed a decline of 1% in 2022. From a climate perspective, this may sound like good news because the …
Oil Producers Flush With Cash Cut Reliance on Funding Markets Read More »
A slew of scenarios shows that climate goals can be achieved with the use of fossil fuels and CCUS.
