Nissa
Darbonne
Oil and Gas Investor
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.
EOG Ramps Gassy Dorado, Oily Utica, Slows Delaware, Eagle Ford D&C
EOG Resources will scale back on Delaware Basin and Eagle Ford drilling and completions in 2025.
Liberty Capitalizing on Power Generation as Completions Stay Flat
New Liberty Energy Inc. CEO Ron Gusek says company is ‘uniquely positioned’ to deliver modular units for data centers.
New Fortress Signs 20-Year Supply Deal for Puerto Rican Power Plant
The power plant, expected to come online in 2028, will be the first built in Puerto Rico since 1995, New Fortress said.
The Latest
Buyers Scramble for Their Slice of the Haynesville
A natural gas demand wave approaches, but there’s precious little left in the market to buy in the coveted Haynesville Shale.
Lower 48 Well Completions Doubled Since Late 2014, EIA Says
Operators have been able to accelerate production and reduce costs by completing multiple wells at once rather than sequentially, the U.S. Energy Information Administration said.
Get a Lift: Baker Hughes Innovates ESPs with AI, Physics Modeling
The Leucipa ESP Optimizer was recognized with the Spotlight on New Technology award at the Offshore Technology Conference.
E&P Highlights: May 12, 2025
Here’s a roundup of the latest E&P headlines, including an alliance for cross-compression services and a boost in 4D seismic acquisition activity in Northern Europe.
Algeria Launches Program to Grow Oil, Gas Production
The African nation has extended its bid submissions for a hydrocarbon tender to July.
East Daley: Data Center Renaissance Juices Gas Outlook
AI is expected to spur an additional 3 Bcf/d-15 Bcf/d in demand by 2030.
US Oil, Gas Rig Count Falls to Lowest Since January
The oil and gas rig count fell by six to 578 in the week to May 9. Baker Hughes said this week's decline puts the total rig count down 25, or 4% below this time last year.
Valaris Sells Jackup Offshore Australia to BW Energy for $108MM
Valaris Ltd. is selling its jackup VALARIS 247 to BW Energy for approximately $108 million.
Williams Leverages Transco Network to Boost Power in Virginia, Southeast
Williams Cos. is developing gas capacity expansion projects across the U.S., including the Transco Power Express which intends to add 950 MMcf/d of natural gas supplies to Virginia.
CRC to Start Construction on California’s First CCS Project in ‘25
California Resources Corp.’s carbon management subsidiary Carbon TerraVault Holdings is targeting additional carbon capture and storage projects.