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HomeExploration and Production

Exploration and Production

Putin’s
Exploration and Production

Putin’s state oil champion suffers biggest production drop

May 24, 2022 Clark Savage

(Bloomberg) — The state-run oil champion led by a close ally of President Vladimir Putin has seen the largest drop in production since the invasion of Ukraine. Rosneft PJSC, whose Chief Executive Officer Igor Sechin […]

Texas
Exploration and Production

Texas ramps up oil production as gas prices reach new record high

May 24, 2022 Clark Savage

(The Center Square) – As the Biden administration doubles down on its policies restricting domestic oil and gas production and promoting green energy, Texas is ramping up production and hiring people to work in the […]

ExxonMobil
Exploration and Production

ExxonMobil Selling Shale Assets for $750MM

May 23, 2022 Clark Savage

ExxonMobil has announced that it has signed an agreement with subsidiaries of BKV Corporation for the sale of operated and non-operated Barnett Shale gas assets in Texas for $750 million. The deal includes additional payments, […]

Exxonmobil -energynewsbeat.com
Exploration and Production

ExxonMobil to sell Barnett Shale assets for $750M

May 23, 2022 Clark Savage

ExxonMobil signed an agreement with subsidiaries of BKV Corporation for the sale of operated and non-operated Barnett Shale gas assets in Texas for $750 million with additional payments contingent on future natural gas prices. – […]

Permian Drillers
Crude Oil News

Permian Drillers Lead The Charge As Rig Count Climbs

May 23, 2022 Clark Savage

The number of total active drilling rigs in the United States rose by 14 this week, on top of the 9 rig increase in the week prior, according to new data from Baker Hughes published […]

BlackRock told Texas it's still committed to helping clients invest in the energy industry
Exploration and Production

BlackRock Told Texas It Will Still Invest In Oil And Gas

May 22, 2022 Stu Turley

BlackRock Inc. told Texas it’s committed to helping clients invest in the energy industry, rebutting suggestions by state officials that the firm boycotts fossil-fuel companies through its advocacy for sustainable investing. The world’s largest asset […]

ADNOC
Crude Oil News

ADNOC Announces 650MM Barrel Oil Find

May 20, 2022 Clark Savage

In a statement posted on its Twitter page, ADNOC has announced multiple onshore oil discoveries in place totaling 650 million barrels of oil. In the statement, ADNOC outlined that the finds include 500 million barrels […]

Transitional Energy - ENB
Exploration and Production

Transitional Energy Successfully Produces Geothermal Energy at Oil and Gas Well

May 19, 2022 Stu Turley

Denver, Colo. (May 19, 2022) – Transitional Energy — a majority women-owned, Indigenous-led geothermal technology and development company that turns oil and gas waste streams into renewable energy — today announced it has successfully generated […]

Shell joins Exxon
Crude Oil News

Shell joins Exxon with $1 billion Brazil exploration setback

May 18, 2022 Clark Savage

(Bloomberg) — Expensive offshore exploration setbacks for international oil majors including Shell Plc and Exxon Mobil Corp. are throwing cold water on their plans to turn Brazil into a profit center. In the past three […]

African countries
Exploration and Production

Gas is a dangerous distraction for Africa

May 16, 2022 Clark Savage

At the start of this century, when much of the developed world woke up to the dangers of smoking, Big Tobacco turned to Africa to seek out new profits. To this day, in my country, Uganda, and […]

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