The project by Black Sea Oil & Gas (BSOG), controlled by U.S. private equity firm Carlyle Group LP, is Romania’s first offshore Black Sea development in three decades.
Anschutz Exploration CEO Joe DeDominic shared the private producer’s strategy how to succeed in the Powder River Basin at Hart Energy’s DUG Bakken and Rockies conference.
The U.S. oil industry has been trying to boost output, but inventories keep dwindling, with supplies at the Cushing, Oklahoma hub dropping to the lowest since October 2014, the EIA said.
Here’s a snapshot of recent energy deals including another acquisition by Earthstone Energy for the Permian Basin New Mexico assets of Titus Oil & Gas for $627 million.
Tellurian's subsidiary, Driftwood Pipeline, will commission Baker Hughes to provide decarbonization technology for its upcoming Lines 200 and 300 projects in southwest Louisiana.
Here’s a quicklist of oil and gas assets on the market including a Mammoth Exploration Strawn Sand well package plus Salt Creek Oil and Gas nonop Williston Basin assets.
Despite the Hunt family’s famous patriarch—legendary oil tycoon H.L. Hunt—Petro-Hunt LLC’s dealings, including a recent Permian Basin acquisition, remain a family affair.
SJ Resource Partners vice president of business development Sasha Gumprecht’s strategy for dealmaking is simple: build relationships.
Stephens Natural Resources LLC and Stephens Energy Group LLC retained Detring Energy Advisors for the sale of operated STACK assets located in Blaine, Kingfisher, Garfield, Payne and Logan counties, Oklahoma.
Sabine Oil & Gas retained RedOaks Energy Advisors for the sale of certain operated and nonoperated properties located in East Texas that includes Haynesville refrac opportunities.
From BlackRock to shale producer CNX Resources, several groups in the industry expressed concerns over the SEC’s mandatory call to report Scope 3 emissions.
Project Canary's environmental assessment in Chevron's Permian and Denver-Julesburg basins positions the company to excel in the responsibly sourced natural gas market.
"We have begun talks with India about how a price cap would work and what the implications would be," White House national security adviser Jake Sullivan said.
The states have argued that the EPA exceeded its authority by trying to regulate CO2 under the Clean Air Act, which could have vast economic impacts.
Due to Australian union work bans, ongoing until July 14, Shell notified customers that there would be disruptions in LNG shipments for at least two weeks.
“It’s a question of how high prices eventually rise” to spur investment, says Exxon Mobil CEO Darren Woods.
Imperial and Exxon Mobil agreed to sell XTO Energy Canada, a jointly owned shale producer in Western Canada, in an all-cash transaction to Whitecap Resources.
While crude exports to “America”—which accounts mainly for the U.S.—were up, Mexico’s state-owned Pemex reported a significant cut in shipments to Europe and Asia.
The Vitol-chartered vessel was shipping intermediate oil products including vacuum gasoil and fuel oil from Russia’s Taman port to New Orleans last week, according to a trading source and shipping data.
The BLM lease sales will run June 29-30 and will cover more than 140,000 acres across eight Western states, posing a test of the oil and gas industry's demand for new prospects at a time of soaring global energy prices.
The time is now to set up the rules of the road for a certified gas market that will rapidly draw down methane emissions and give U.S. producers the leading advantage.
Mammoth Exploration LLC retained EnergyNet for the sale of a Strawn Sand well package that includes overriding royalty interest in three producing horizontal wells in Scurry County, Texas.
Equinor and British renewable power generator and network operator SSE agreed to buy U.K.-based Triton on June 28 from private equity firm Energy Capital Partners for 341 million pounds (US$418.65 million).
Crude oil exports from the U.S. to Europe are expected to average 1.4 MMbbl/d this quarter after U.S. exports rose since the release of 180 MMbbl of oil from the Strategic Petroleum Reserve.
OPEC raised oil output in 2021 but saw the number of active oil wells increase only slightly and the number of new completed wells decline, a factor in surging oil prices in 2022.
LLOG Exploration Co. announced the first oil produced from its deepwater Gulf of Mexico Spruance Field, with 16,000 bbl/d of oil, as well as 13 MMcf/d of gas.
The $627 million deal adds 86 net locations in the Permian Basin and boosts Earthstone Energy’s production by an estimated 26%.
Because oil and gas will still be part of the energy mix, executives said it also makes sense to incentivize lower-carbon basins like the Bakken.
A new discovery in the Hassi Rmel gas field in Algeria will grow the country's already increasing role as a key gas supplier for Italy, Spain and other southern European countries, according to Sonatrach.
"The pronounced dip in carbon emissions in 2020 was only temporary," BP chief economist Spencer Dale announced in BP's 2021 Statistical Review of World Energy.