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HomeExploration and Production

Exploration and Production

Foresea
Crude Oil News

Foresea seals $70m boost under Petrobras drillship deal

January 13, 2025 Mariel Alumit

Foresea Brazilian drilling contractor Foresea is adding $70m to its backlog under an existing drillship deal with Petrobras. The company established in June 2023 from the restructuring of Ocyan’s drilling unit fixed its floater Norbe […]

Climate Crisis

Russian Economy vs. Sanctions

January 13, 2025 Andy Del Prado

Daily Standup Top Stories What do oil and gas exports mean to the Russian economy? How will the new Biden Sanctions play with President Trump’s negotiations? January 12, 2025 Clark Savage ENB Pub Note: The following […]

Fracking
Climate Crisis

GOP Rep Unveils Bill: No President Can Ban Fracking Without Congressional Approval

January 12, 2025 Clark Savage

Republican Rep. August Pfluger introduced a new bill Friday that would prevent the president from banning fracking nationally without the consent of Congress. [emphasis, links added] Pfluger’s “Protecting American Energy Production Act” would explicitly require […]

Big Oil Companies

EU on Trump-Greenland

January 9, 2025 Andy Del Prado

Daily Standup Top Stories Chevron Targets $6-8 bln In Free Cash Flow Growth By 2026 January 8, 2025 Clark Savage Chevron Corp.(NYSE:CVX) is well positioned to grow its free cash flow by $6 billion to $8 […]

Chevron
Big Oil Companies

Chevron Targets $6-8 bln In Free Cash Flow Growth By 2026

January 8, 2025 Clark Savage

Chevron Corp.(NYSE:CVX) is well positioned to grow its free cash flow by $6 billion to $8 billion by next year, and lower expenses by “a couple billion dollars,” Chevron CEO Michael Wirth announced on Wednesday. America’s second […]

Shearwater
Crude Oil News

Shearwater starts off new seismic acquisition in Brazil’s Pelotas Basin

January 8, 2025 Mariel Alumit

Shearwater Norwegian offshore seismic vessel player Shearwater Geoservices has started the second acquisition season for the Pelotas Basin multi-client 3D seismic survey offshore Brazil. This new acquisition, conducted in partnership with Searcher Seismic, will be […]

Laredo Oil
Crude Oil News

Laredo Oil commences exploratory drilling in Montana West Fork field

January 7, 2025 Mariel Alumit

Laredo Oil, Inc., an oil exploration and production company with over 30,000 net acres of mineral rights in the West Fork field located north of the Fort Peck reservation in Montana, today announced that it […]

North Sea
Big Oil Companies

Shell and Equinor team up in North Sea

January 7, 2025 Mariel Alumit

Equinor UK and Shell UK are joining forces to create the UK North Sea’s largest independent oil and gas producer. Combining their offshore assets and expertise into a 50/50 joint venture, the new company will […]

Norway
Crude Oil News

Norway Doubles Down on Oil and Gas

January 5, 2025 Clark Savage

Norway’s oil and gas investment is expected to reach a record high in 2025, driven by new exploration activity and increased demand for Norwegian gas. While Norway is a leader in renewable energy, it continues […]

Crude Oil News

Oil Prices Remain Rangebound as 2024 Draws to a Close

December 31, 2024 Clark Savage

Oil prices are ending the year very close to where they started the fourth quarter, with very limited movement in the last three months despite some major catalysts. US oil demand hit a new record […]

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