More Top Stories in Exporation & Production

Murphy Oil Posts $965 Million Income for 2022

Murphy Oil increased production and pay down debt with the help of King’s Quay project going onstream in the Gulf of Mexico and high output from new Eagle Ford wells.

January 31, 2023

North Hudson Launches $275 Million Oil, Gas Credit Fund

North Hudson said it's providing capital solutions to small- and mid-sized operators at a time when capital providers in the oil and gas sector are pulling back.

January 31, 2023

Subsea Services Market Expected to Top $7 Billion in 2023

Rystad Energy sees increased brownfield activity driving a 20% increase in projected spend in the subsea services market in 2023.

January 31, 2023

W&T Offshore Closes $275 Million Notes Offering

W&T Offshore said its new notes give the company more liquidity to potentially fund higher return accretive capital projects and acquisitions in the near term.

January 30, 2023

Eni, TotalEnergies Complete Transfer of Lebanon Exploration Block Interest to QatarEnergy

Eni and QatarEnergy both hold a 30% interest in the offshore Lebanon Blocks 4 and 9, while operator TotalEnergies holds a 35% interest.

January 30, 2023

Chevron Says Venezuela Production Up Nearly 80%

Chevron Corp. reported a positive uptick in oil production in Venezuela while Permian Basin production grew 8% year-over-year.

January 30, 2023

EnCap Upsizes Double Eagle Equity Commitment to $2.3 Billion

The upsized equity commitment and establishment of an RBL come as Double Eagle ramps up its development pace in the Permian Basin, including the recent addition of two drilling rigs.

January 30, 2023

Shell to Combine Upstream and LNG Operations

Shell will combine its oil and gas production and LNG divisions as part of broader changes under new CEO Wael Sawan, which the company said could result in some job cuts.

January 30, 2023

US Drillers Leave Oil, Gas Rigs Unchanged: Baker Hughes

The U.S. oil and gas rig count remains steady at 771 in the week ending Jan. 27, according to Baker Hughes.

January 27, 2023

TotalEnergies EP Canada Acquiring 6.65% Additional Interest in Fort Hills Project

The acquisition is ahead of TotalEnergies’ planned spin-off of the Canadian company.

January 27, 2023