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HomeExploration and Production

Exploration and Production

Dallas
Crude Oil News

Dallas Fed survey shows activity flat, cost pains starting to ease

June 23, 2023 Mariel Alumit

Nearly half of about 100 exploration and production (E&P) companies surveyed by the Federal Reserve Bank of Dallas say they expect their drilling and completion costs at yearend to be below those of late 2022. […]

TotalEnergies
Exploration and Production

TotalEnergies agrees deal to use green hydrogen in oil refinery

June 22, 2023 Mariel Alumit

French oil and gas giant TotalEnergies has announced a partnership with German gas distributor VNG to utilise green hydrogen in its refining process. The deal will see VNG provide TotalEnergies with green hydrogen for use in its […]

Resources
Exploration and Production

Exclusive: Civitas Resources nears $5 billion deal to expand into Permian

June 20, 2023 Mariel Alumit

June 19 (Reuters) – Civitas Resources Inc (CIVI.N) is nearing a deal to acquire oil and gas operations in the Permian basin from private equity firm NGP Energy Capital Management LLC for close to $5 billion, including […]

ENERGY
Exploration and Production

DESERT MOUNTAIN ENERGY ACQUIRES HELIUM-BEARING GAS FIELD IN NEW MEXICO

June 20, 2023 Mariel Alumit

VANCOUVER, BC , June 19, 2023 /PRNewswire/ – DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSXV: DME) (U.S. OTC: DMEHF) (Frankfurt: QM01) From the President of the Company. The Company is pleased to announce that it has signed a binding letter of intent […]

Natural Gas
Exploration and Production

Here’s Why Natural Gas Futures Surged Last Week

June 20, 2023 Mariel Alumit

The U.S. Energy Department’s weekly inventory release showed a lower-than-expected increase in natural gas supplies. Following the positive inventory numbers, futures gained nearly 17% week over week to close at their highest since March. Other […]

UK
Climate Crisis

Rising costs and UK tax hike deal a death blow to North Sea oil project

June 20, 2023 Mariel Alumit

The increased windfall tax in the UK on oil and gas producers’ profits combined with the rise in capital costs for the development of what is seen as one of North Sea’s largest undeveloped oil […]

ESG
Big Oil Companies

Is The ESG Investing Boom Already Over?

June 19, 2023 Mariel Alumit

Over the past decade, green and socially-responsible investments, aka ESG (Environmental, Social, and Governance) investing, have emerged as one of the biggest investment megatrends in modern times. For years, trillions of dollars in new global funds flowed […]

Oilfield
Exploration and Production

Patterson-UTI Energy and NexTier Oilfield Solutions to combine in merger of equals, creating industry leading drilling and completions services provider

June 16, 2023 Mariel Alumit

Comprehensive U.S. Oilfield Services Franchise to Enhance Drilling and Completions Value Creation Potential and Maximize Returns for Shareholders Combined $5.4 Billion Total Enterprise Value Drives Improved Free Cash Flow Generation and Strong Balance Sheet to […]

Shell
Climate Crisis

Shell Challenged on Net Zero After Fossil-Fuel Investment Boost

June 16, 2023 Mariel Alumit

Legal & General Investment Management, the UK’s largest asset manager, said it wants Shell Plc to explain how it thinks it can still reach net zero emissions by 2050 while ratcheting up investments in fossil […]

diversity
Crude Oil News

Company execs used to trumpet their diversity and climate efforts. Now not so much

June 15, 2023 Mariel Alumit

New YorkCNN —  Just three years ago, diversity and sustainability were big talking points for executives at many big companies, and ESG funds — investments that evaluate stocks using environmental, social and governance factors — were riding the […]

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