Exploration & Production
North America Rig Gain Continues
North America added 13 rigs week on week, according to Baker Hughes' latest rotary rig count.
June 19, 2024 · By Energies Media Staff
Exploration & Production
Environment
Stonehenge Covered in Powder Paint by Just Stop Oil Protesters
The move comes the day before celebrations for the Summer Solstice.
June 19, 2024 · By Energies Media Staff
Exploration & Production
USA EIA Drops WTI Price for 2024
The U.S. Energy Information Administration lowered its West Texas Intermediate oil price forecast in its latest short term energy outlook.
June 19, 2024 · By Energies Media Staff
Exploration & Production
Chevron Signs Contracts for Ultra-Deepwater Blocks in Angola Amid Attractive Policies
Multinational energy corporation Chevron has signed two Risk Service Contracts (RSC) for Block 49 and Block 50, located in the ultra-deep waters of Angola’s Lower Congo…
June 19, 2024 · By Energies Media Staff
Exploration & Production
Newfound Ohio Utica Shale Oil Play Yielding Results
Recent data from the Ohio Department of Natural Resources (ODNR) confirms an emerging Ohio oil play with untapped potential. Traditionally thought of as a natural gas…
June 18, 2024 · By Energies Media Staff
Exploration & Production
USA EIA Lowers 2024 Brent Oil Price Forecast
The U.S. Energy Information Administration lowered its 2024 Brent spot price forecast in its latest short term energy outlook.
June 18, 2024 · By Energies Media Staff
Exploration & Production
Mexican President Says Billionaire Slim Wants to Join Pemex in Natural Gas Project
Mexico’s President Andres Manuel Lopez Obrador said on Friday that businessman Carlos Slim is interested in participating in the country’s first deepwater natural gas project, working alongside state energy…
June 14, 2024 · By Energies Media Staff
Alex Mills
Opinions Differ on Future Oil Supplies and Demand
Crude oil is an important commodity that is traded worldwide. Its price varies from country to country and from state to state daily. Today, June 13,…
June 13, 2024 · By Energies Media Staff
Exploration & Production
Brazil’s Lula Backs Petrobras Bid To Explore Offshore
President Luiz Inacio Lula da Silva on Wednesday threw his weight behind a push by state-run oil company Petrobras to explore…...
June 13, 2024 · By Energies Media Staff
Exploration & Production
Berkshire Buys Nearly 2.57MM More Shares from Occidental
Billionaire Warren Buffett bought almost 2.57 million more common stocks from Occidental for about $153.3 million.
June 12, 2024 · By Energies Media Staff
Exploration & Production
Matador Resources in $1.91 bln Deal to Expand in Delaware Basin
U.S. oil and gas producer Matador Resources said on Wednesday it would add oil and natural gas producing assets and undeveloped acreage in the Delaware basin in an about $1.91 billion cash deal for a unit of…
June 12, 2024 · By Energies Media Staff
Environment
US House Committee Report Finds Wall Street ‘Colluded’ to Curb Emissions
A U.S. congressional committee accused the biggest Wall Street firms on Tuesday, in a report seen by Reuters ahead of its publication, of colluding with advocacy…
June 11, 2024 · By Energies Media Staff
Exploration & Production
California Seeks Company Profits in Big Oil Climate Lawsuit
California’s attorney general on Monday sought to force the world’s biggest oil companies to give up profits the state alleges they made while deceiving consumers about their role…
June 11, 2024 · By Energies Media Staff
Exploration & Production
Mexico’s Proven Hydrocarbon Reserves Rise to 8.4 billion Barrels
Mexico’s total proven hydrocarbon reserves, which include crude oil and natural gas, rose to 8.383 billion barrels of crude oil equivalent, the country’s regulator said on Tuesday in its annual reserves data…
June 11, 2024 · By Energies Media Staff
Exploration & Production
New Zealand Set to Scrap Oil, Gas Exploration Ban in H2
Prime Minister Christopher Luxon's administration had pledged to resume offshore oil and gas prospecting following last October's election.
June 10, 2024 · By Energies Media Staff
Exploration & Production
North America Continues Streak of Rig Additions
North America added nine rigs week on week, according to Baker Hughes.
June 10, 2024 · By Energies Media Staff
Exploration & Production
Abandoned Oil Wells Near Bakersfield Could Store Solar Power for 300,000 Homes
A pilot project in California will repurpose an old oil field to store renewable energy and help clean up the grid.
June 7, 2024 · By Energies Media Staff
Exploration & Production
M&A Adventures Continue with ConocoPhillips $17.1 Billion Acquisition of Marathon
Just when the world thought the last big card was played in the M&A arena, announcement recently surfaced that ConocoPhillips would purchase Marathon Oil for $17.1…
June 7, 2024 · By Nick Vaccaro
Exploration & Production
Slick Picks: 3 Oil Stocks to Grease Your Portfolio’s Gears
Unlock the best oil stocks that could drive your portfolio's performance with robust returns and dividend income in the dynamic energy market.
June 7, 2024 · By Energies Media Staff
Exploration & Production
Suncor Energy’s Rich Kruger Urges Canada to Seize the Opportunity its Energy Resources Provide
Calgary, Alberta--(Newsfile Corp. - June 6, 2024) - Suncor (TSX: SU) (NYSE: SU) President and Chief Executive Officer Rich Kruger says Canada can increase its prosperity…
June 6, 2024 · By Energies Media Staff
Alex Mills
OPEC+ Sets Production Quotas
This week had a variety of energy news, including OPEC+ deciding to maintain the current oil production level, Saudi Aramco selling $12 billion in stock, and…
June 6, 2024 · By Alex Mills
Exploration & Production
Equinor Sells Stakes in North Sea Licenses to PGNiG
The closing of the transaction is conditional upon ministry approval.
June 5, 2024 · By Energies Media Staff
Exploration & Production
The Vital Necessity of Stopping Oil Production Decline in Equatorial Guinea
The discovery of oil in Equatorial Guinea in the mid-1990s constituted an undoubted turning point in the country’s history. The country’s economy had previously been based…
June 5, 2024 · By Energies Media Staff
Exploration & Production
ConocoPhillips-Marathon Deal Represents a Pivot
The ConocoPhillips-Marathon Oil transaction represents a pivot in U.S. shale mergers and acquisitions, according to Enverus Intelligence Research.
June 4, 2024 · By Energies Media Staff
Exploration & Production
Wildfire Continues Eagle Ford Consolidation with Latest Acquisition
'Acquisitions such as this one represent an important part of our company's strategy and we continue to seek out and evaluate similar transactions'.
June 4, 2024 · By Energies Media Staff
Exploration & Production
Efficient Drilling Waste Management in the Oil and Gas Industry
The oil and gas industry produces vast amounts of waste and contaminates air and water. The emissions from the oilfields contribute to 15% of total emissions…
June 1, 2024 · By Energies Media Staff
Exploration & Production
Chord Energy and Enerplus Complete Combination, Creating Premier Williston-Focused E&P Company
/PRNewswire/ -- Chord Energy Corporation (NASDAQ: CHRD) ("Chord", "Chord Energy" or the "Company") and Enerplus Corporation (TSX: ERF) (NYSE: ERF) ("Enerplus")...
May 31, 2024 · By Energies Media Staff
Exploration & Production
Saudi Aramco’s Amin Nasser: Homegrown Engineer Who Reached the Top
At an industry event in Riyadh two years ago, the Saudi energy minister paused at about 9 p.m. in front of some 1,000 people and told…
May 30, 2024 · By Energies Media Staff
Exploration & Production
Shell Layoffs: What to Know About Shell’s Latest Clean Energy Job Cuts
News of Shell layoffs has sent shares of SHEL stock lower in today's session, as investors reprice the company's growth prospects.
May 29, 2024 · By Energies Media Staff
Exploration & Production
ConocoPhillips Inks $17B Deal for Marathon Oil
The acquisition enhances ConocoPhillips' existing U.S. onshore portfolio.
May 29, 2024 · By Energies Media Staff
Exploration & Production
Uncertainty Mounts as Shell Departs North Slope
Alaska and its oil and gas interests came under fire in April when the Biden administration announced the shocking news to remove 13 million acres from…
May 29, 2024 · By Nick Vaccaro
Exploration & Production
Wrinkles In The Petroverse
The Petroverse is showing wrinkles crow’s feet around its eyes furrows on its forehead and fine lines on its face that no amount of cosmetology can…
May 3, 2024 · By Tulsi Dyal Singh, MD
Energy Scene
Kansas Strong: Strength Through Reliable Oil and Natural Gas is More Than a Tagline!
Kansas, often recognized for its expansive plains and agricultural prowess, boasts a lesser-known yet significant history in the realm of oil and gas development. Here is…
May 3, 2024 · By Jason Spiess
Exploration & Production
Solar Eclipse Over an Oil and Gas Rig
This rare scene was captured at 1:43 pm on Monday, April 8, 2024. RAPAD Drilling Company, Jackson, Mississippi, is drilling the Cooks Gas Unit #3 in…
April 8, 2024 · By Energies Media Staff
Exploration & Production
Emerging Technology in the Oil and Gas Industry: The Future Unveiled
The oil and gas sector is undergoing a seismic shift, with today’s innovation scene buzzing more than a beehive in Spring. From drilling deep into digital…
February 3, 2024 · By Energies Media Staff
Exploration & Production
Integrated Drilling Services – A Boon for the Oil and Gas Industry
To stay afloat in this highly volatile market, exploration and productions (E&P) companies rely on high cash flow by reducing their Capex (capital expenditures) and Opex…
January 12, 2024 · By Mohit Kumar
Exploration & Production
Predicting 2024’s Acquisitions and Divestiture Game
The oil and gas industry resembled an action-packed television series in 2023. The plot thickened with each day and – just when you thought you had…
January 12, 2024 · By Nick Vaccaro
Exploration & Production
Drilling Better Wells with Rig Automation and Artificial Intelligence
From our smart connected homes and self-parking cars to generative AI apps like ChatGPT, automation and artificial intelligence have rapidly become a part of our lives,…
January 12, 2024 · By William Fox and Tatiana Borges
Exploration & Production
Valued At Work
Valued at Work has two protagonists – Steve and Markus. Steve works directly for the CEO in a tech company and has traditional thinking aligning to…
November 10, 2023 · By Lauren Neal
Exploration & Production
Alloy 718 API 6ACRA for the Oil Industry
What is Alloy 718 API 6ACRA for the oil industry? It is a corrosion-resistant alloy also known as N07718, which is used in the gas and…
October 28, 2023 · By Energies Media Staff
Business
O&G Acquisitions Continue to Heat Up with Hess Sale to Chevron
If ExxonMobil lit the acquisition fire by buying Pioneer Natural Resources, then Chevron poured gas on the flames by purchasing Hess Corporation for $53 billion. Hess…
October 24, 2023 · By Nick Vaccaro
Exploration & Production
ExxonMobil Beefs Up Acquisition List with $60 Billion Purchase of Pioneer
Crowned the most prominent US oil company, ExxonMobil has refrained from leading the pack in US shale development. Instead, the company has followed its own path…
October 21, 2023 · By Nick Vaccaro
Exploration & Production
The Practicality of Private Aviation For Oil and Gas Business
In the fast-paced world of the modern oil and gas industry, time is the most precious commodity, and this is especially the case when it comes…
October 9, 2023 · By Lance Tweden
Exploration & Production
Harold Hamm Discusses His Book
Gamechanger: Our Fifty-Year Mission to Secure America’s Energy Independence Oilman Magazine columnist and contributing editor, Mark Stansberry, attended the Oklahoma City launch of Harold Hamm’s new…
September 8, 2023 · By Energies Media Staff
Exploration & Production
Baker Hughes’ Oil Field – The Right Fit
Attracting a diverse workforce requires addressing the unique needs of our employees. Coveralls are essential personal protective equipment (PPE) on the job, but they’re not one…
September 8, 2023 · By Natalie Hall
Exploration & Production
Why Supply Chain Digitization is Essential to Oil and Gas Manufacturers
Energy efficiently applied is the future of a globally fractured oil and gas market. Menial labor cannot be a factor in future business equations as companies…
September 8, 2023 · By Andrew Johnson
Exploration & Production
Making the Case for Outsourcing Key Operator Processes
Today’s successful oil and gas operators face a competitive marketplace in the exploration and production (E&P) of domestic energy sources. While the oil and gas industry…
September 8, 2023 · By Matt Autry
Exploration & Production
Factors Driving Down the Demand for Fossil Fuels
The price of oil and gas are at all-time highs. While the reasons are complex, the untold story is that government tax rates play a large…
July 23, 2023 · By Energies Media Staff
Day in the Life
Booms and Busts: Riding the Resource Industry Rollercoaster
Now in my 40th year of being a geologist, it seems a perfect time to reflect on a career that has navigated resource industry booms and…
July 11, 2023 · By Amanda Barlow
Exploration & Production
Where In The Shale Is She?
Energy journalist and executive editor-at-large at Oil and Gas Investor, Nissa Darbonne wrote the definitive book on the American shale plays with her 2014 missive, The…
July 11, 2023 · By Rebecca Ponton