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HomeExploration and Production

Exploration and Production

Big Oil Companies

Daily Energy Standup Episode #74 – Oil prices look bullish through 2023 and 2024 – Chevron boosts share buyback – BP rolls back renewable – Russia looks to next steps.

March 6, 2023 Andy Del Prado

Daily Standup Top Stories  Forget Peak Oil Demand: A Thirst for Barrels Puts $100 in View March 5, 2023 Allen Santos As Covid-19 lockdowns gripped the world in 2020, Bernard Looney, chief executive officer of BP […]

BP
Big Oil Companies

Opinion: BP’s Beyond Petroleum rolls back climate ambitions, sends …

March 5, 2023 Mariel Alumit

BP, the former British Petroleum, desperately wants to be a good environmental citizen – but not just yet. Last month, the company rolled back its climate ambitions. Shareholders who love oil-soaked profits sent BP BP-N shares soaring. Shell SHEL-N, […]

Oil
EnergyNews

U.S. Oil and Gas Rig Count Falls for Third week in a Row – Baker Hughes

March 3, 2023 Mariel Alumit

​ By Scott Disavino March 3 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row for the first time since August, […]

EOG
Exploration and Production

EOG Resources Trumpets Optimistic Outlook For Natural Gas, Oil Volumes

March 3, 2023 Mariel Alumit

EOG Resources Inc., a multi-basin exploration and production firm, said its strong fourth quarter and full-year 2022 results were powered by robust natural gas and oil demand, price spikes and steady production activity. For the […]

purification
Critical Minerals

New Zealand firm eyes Permian for water purification pilot

March 3, 2023 Mariel Alumit

A recently concluded financing effort is funding five customer trials of a water purification technology. One trial will be located in the Houston area while a second trial will be located around Orla near the […]

Oil
Big Oil Companies

Say Goodbye To Big Oil’s Big Buybacks

March 3, 2023 Mariel Alumit

2022 profits and cash flows of energy companies came in at record highs. This year’s earnings are expected to be lower, albeit still high by historical standards. With lower expected free cash flows, companies will […]

Chevron
Big Oil Companies

Chevron Reiterates Permian’s 2025 Growth Target Despite Delaware ‘Falling Short’

March 3, 2023 Mariel Alumit

Top executives with Chevron Corp. continue to eye massive production growth from the company’s Permian assets while also acknowledging some shortcomings in the Delaware Basin. “The headline is our production guidance is unchanged, 3% compounded […]

TotalEnergies
Exploration and Production

TotalEnergies Acquires CEPSA’s Upstream Assets in Abu Dhabi

March 1, 2023 Mariel Alumit

PARIS–(BUSINESS WIRE)–Regulatory News: “This transaction represents another important milestone in our long-standing partnership with ADNOC and will further strengthen our presence in Abu Dhabi where we have been present since 1939” Tweet this TotalEnergies (Paris:TTE) (LSE:TTE) […]

Exploration and Production

Another three firms secure work for Angolan oilfield project

February 28, 2023 Mariel Alumit

Following the award of three contracts for the project announced earlier today, Azule Energy, a joint venture between BP and Eni, has selected another three companies for work at the Agogo field development project offshore […]

Occidental
CCUS

Occidental raises spending budget, delays direct air capture launch

February 28, 2023 Mariel Alumit

​ The Occidental Petroleum Corp headquarters is pictured in Los Angeles, California September 16, 2013. REUTERS/Mario Anzuoni/File Photo Summary Occidental misses Q4 profit estimate as inflation hits Quarterly dividend increased about 38% to 18 cents […]

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