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HomeExploration and Production

Exploration and Production

Exploration and Production

Turkey Says Its Black Sea Natural Gas Discoveries Are Worth Over $500 Billion

April 11, 2023 Mariel Alumit

Authored by Tsvetana Paraskova via OilPrice.com, The volumes of natural gas that Turkey has found so far in the Black Sea are worth in excess of $500 billion, Turkish Energy and Natural Resources Minister Fatih […]

Liberty
Climate Crisis

Liberty Launches Liberty Power Innovations

April 10, 2023 Mariel Alumit

DENVER–(BUSINESS WIRE)–Liberty announced today the commercial launch of Liberty Power Innovations (LPI), an integrated alternative fuel and power solutions provider for remote applications. LPI’s initial focus is on compressed natural gas (CNG) supply, field gas […]

Occidental
Exploration and Production

Occidental Petroleum Sees Potential Upside Despite Missed Earnings Report

April 10, 2023 Mariel Alumit

Occidental Petroleum Corp, a leading oil and gas producer, saw its price target raised by Wells Fargo & Company from $64.00 to $65.00 in a research report on Friday. This increase indicates a potential upside […]

Matador
Exploration and Production

Matador Resources to pay $6.2M in fines over Permian Basin pollution

April 10, 2023 Mariel Alumit

Matador Resources (NYSE:MTDR) and Permian Resources (NYSE:PR) have resolved Clean Air Act violations by agreeing to lower emissions of methane and other pollutants, the Environmental Protection Agency said Tuesday. Matador (MTDR) agreed to pay $6.2M in fines and […]

Can Big Oil Scale Geothermal
Big Oil Companies

Can Big Oil Scale Geothermal

April 9, 2023 Mariel Alumit

The oil and gas industry is exploring the potential of geothermal energy to provide more clean electricity and heating. While geothermal has the advantage of not being dependent on weather like other green energy sources, […]

Energy secretary, second gentleman visit OU to discuss geothermal energy potential
Exploration and Production

Energy secretary, second gentleman visit OU to discuss geothermal energy potential

April 8, 2023 Mariel Alumit

U.S. Secretary of Energy Jennifer Granholm and Second Gentleman of the United States Doug Emhoff announced Friday on the  University of Oklahoma  campus they are interested in working with tribal leaders to convert hydraulic fracking […]

Phillips 66 offers to buy pipeline operator DCP Midstream
Big Oil Companies

Phillips 66 (NYSE:PSX) Shares Acquired by National Bank of …

April 8, 2023 Mariel Alumit

National Bank of Canada FI lifted its stake in shares of Phillips 66  (NYSE:PSX – Get Rating) by 149.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund […]

Exxon Mobil Stock: A Billion Here, A Billion There (NYSE:XOM)
Big Oil Companies

Exxon Mobil Stock: A Billion Here, A Billion There (NYSE:XOM)

April 8, 2023 Mariel Alumit

A billion here and a billion there properly spent is going to make a cost difference for the corporate breakeven. Then there is a billion here (on low-cost assets) followed by a billion there of […]

Norwegian
Crude Oil News

Norwegian oil and gas firm gets the go-ahead to spud North Sea prospect

April 7, 2023 Mariel Alumit

Home Fossil Energy Norwegian oil & gas firm gets the go-ahead to spud North Sea prospect Norwegian oil and gas company DNO has received consent from the country’s offshore safety regulator for exploration drilling in […]

Exploration and Production

International offshore rig count on the upswing

April 7, 2023 Mariel Alumit

Baker Hughes’ international rig count report shows that the number of offshore rigs was on the rise in March 2023, surging upward by 6 units, compared to the month before. The total number of international […]

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