Here are some new words for your start-up E&P dictionary: -- Ginormous (say "gi" like "giant" and "normous" like "enormous"): This is the description of your start-up's profit potential. -- OPM: This is "other people's money" and what you want to use, although respectable co-capital will want you to put in a significant bit too. What is a "significant" amount? It is a figure that is sizeable to your own net worth. It may not be $50 million, but it is a figure that is sizeable relative to your own personal worth. -- Speed "Start-Up" Dating: This is the activity of visiting with practically anyone for at least a minute or two about their own background, in your pursuit of a good management team to fill out your start-up executive suite. If you find yourself engaging in this activity unabated, you are rapidly on the road to forming your own start-up. –Nissa Darbonne, Executive Editor, Oil and Gas Investor, A&D Watch, Oil and Gas Investor This Week, www.OilandGasInvestor.com; email@example.com
UK Oil and Gas Licensing Round Attracts 115 Bids
2023-01-17 - This was the U.K.'s first licensing round for oil and gas exploration since 2019.
Electrifying the Permian: BPX Energy Touts Emissions Reductions in the Basin
2023-03-28 - BPX Energy’s electrification efforts in the Permian Basin and the installation of centralized handling facilities are part of the operator’s roadmap to net zero emissions.
Guyana Looks to Monetize Associated Gas
2023-03-09 - Guyana, which started producing oil offshore in late 2019, is now looking at a strategy to monetize gas associated with the oil projects, the country’s Vice President Bharrat Jagdeo said during CERAWeek by S&P Global.
Guyana Kicks Off Oil Conference as Exxon Mulls Adding More Blocks
2023-02-14 - Exxon Mobil is working to increase Guyana production to 1.2 MMbbl/d by 2027 and possibly beyond, according to president of oil and gas production business Liam Mallon.
Shell, Chevron and Petrobras Weigh Guyana Oil Auction Bids
2023-03-06 - Guyana's vice president Bharrat Jagdeo is set to meet with top energy executives at this week's CERAWeek in Houston to gain support for the South American country's bidding round.