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Cenovus Restores Production at Christina Lake Following Wildfires
Cenovus Energy said site inspections confirmed there was no damage to its infrastructure following wildfires in Alberta.
BP-EOG JV Delivers First Gas Offshore Trinidad and Tobago
EOG and BP’s Mento development offshore Trinidad and Tobago has safely delivered first gas.
Morgan Stanley Divests Seven Seas to EQT Infrastructure Fund
Morgan Stanley Infrastructure Partners agreed to sell its ownership stake in wastewater treatment compang Seven Seas Water Group to investment organization EQT Partners.
Rhino Resources Makes Oil Discovery in Namibia’s Orange Basin
Rhino Resources’ Capricornus 1-X exploration well achieved a flow rate exceeding 11,000 bbl/d offshore Namibia.
The Latest
E&P Highlights: July 7, 2025
Here’s a roundup of the latest E&P headlines, including a natural gas discovery offshore by Exxon Mobil.
Report: Permian Resources is Delaware Basin’s Most Undervalued E&P
Raymond James’ E&P analyst John Freeman last delved into the Delaware Basin in 2023. This year, Permian Resources ranked last when comparing market valuation to core, future well locations.
US Proposes Updated Commingling Regulations for Oil, Gas Operators
The Interior Department’s proposal to combine oil and gas production from multiple leases or reservoirs is intended to boost production in line with President Donald Trump’s energy dominance agenda.
Oilfield Service Firms Keep Merging to Survive
Faced with shrinking customer bases, rising costs and a slowing market, publicly traded oilfield services firms like SLB, DNOW and DXP are leaning into M&A to gain scale, efficiency and tech advantage.
Exxon Mobil Finds Natural Gas Reservoir Offshore Cyprus, Government Says
A consortium led by Exxon Mobil has found a reservoir of natural gas at a prospect off the island's coast, a Cypriot government spokesperson said on July 7.
Ithaca Boosts North Sea Stake with $136MM Japex Deal
U.K.-based E&P Ithaca Energy closed an acquisition of North Sea interests from Japan Petroleum Exploration Co. (Japex).
10 Years Strong: Surge Energy Powers Through the Midland Basin
Ten years since Surge Energy incorporated and took a chance on difficult terrain, the privately held producer sets its sights on organic growth and corporate acquisitions.
Anschutz: Powder River’s Winning Factor? Vast Potential
Anschutz Exploration is avoiding the noise of market uncertainty in the Rockies’ Powder River Basin, operating under CEO Joseph DeDominic’s strategy of working “like you’re going to own it for the life of the well.”
Dallas Fed: Largest US Oil, Gas Patch’s Outlook Deteriorating
Producers described external “chaos” and “antics” as well as “noise” and “turmoil” in trying to manage their E&Ps, according to quarterly survey results from the Dallas Federal Reserve Bank.
Fermi Secures Over 600 MW of Clean, Gas-Fired Power for AI Campus
The acquisition is part of Fermi America’s plans to have 1 gigawatt of power available by the end of 2026.