Pietro D
Pitts
Hart Energy
APA Ratchets Up Permian Activity to Stoke US Oil Growth
APA Corp. expects an 8% uptick in its U.S. oil production in fourth-quarter 2024 compared to second-quarter 2024 as the company continues to connect more wells in the Permian Basin.
As Chevron Deal Delays, Hess’ Bakken Oil Production Spikes 17%
Hess Corp. is producing and spending more as it awaits completion of Chevron’s proposed $53 billion acquisition, helping the E&P lift volumes in the Bakken and offshore Guyana.
Politics, Global Worries Cast Shadow as First Solar Doubles Profits
Despite concerns, including the upcoming U.S. elections, First Solar continues to move forward with projects to expand its production capacity.
Petrobras’ 2Q Production Rises 2.4% YOY to 2.7 MMboe/d
Brazil’s state-owned Petrobras reported average production of 2.7 MMboe/d in second-quarter 2024 as offshore production continues to ramps up.
International, Tech Drive NOV’s 2Q Growth Amid US E&P Headwinds
Despite a U.S. drilling slowdown, slightly offset by Permian Basin activity, NOV saw overall second-quarter revenue grow by 6%, although second-half 2024 challenges remain in North America.
Eni to Close Sale of Alaska Assets to Hilcorp by Year-end
Italian energy giant Eni SpA looks to close its divestment of its Alaska assets to Hilcorp Energy Co. by year-end 2024, to high-grade its upstream portfolio, according to Eni’s CEO.
Baytex Energy Joins Eagle Ford Shale’s Refrac Rally
Canadian operator Baytex Energy joins a growing number of E&Ps touting refrac projects in the Eagle Ford Shale.
CEO: Baker Hughes Lands $3.5B in New Contracts in ‘Age of Gas’
Baker Hughes revised down its global upstream spending outlook for the year due to “North American softness” with oil activity recovery in second half unlikely to materialize, President and CEO Lorenzo Simonelli said.
Pemex Hits Debt Target, Struggles to Reverse Production Declines
Pemex achieved its long-term debt target, which aimed to gets its financial obligations below the $100 billion, while struggling to halt production declines.
TotalEnergies 'Working on' Another Acquisition, Suriname FID- CEO
TotalEnergies expects to take a final investment decision on Suriname Block 58 in the second half of 2024 while searching for its next acquisition in Texas.