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.
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.
Rystad Energy sees increased brownfield activity driving a 20% increase in projected spend in the subsea services market in 2023.
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.
Eni and QatarEnergy both hold a 30% interest in the offshore Lebanon Blocks 4 and 9, while operator TotalEnergies holds a 35% interest.
Chevron Corp. reported a positive uptick in oil production in Venezuela while Permian Basin production grew 8% year-over-year.
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.
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.
The U.S. oil and gas rig count remains steady at 771 in the week ending Jan. 27, according to Baker Hughes.