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HomeExploration and Production

Exploration and Production

Biden
Crude Oil News

Biden admin finalizes most restrictive offshore oil drilling plan in US history

December 18, 2023 Mariel Alumit

The Biden administration on Friday finalized a plan to dramatically curb the number of offshore oil and gas lease sales over the next five years as it continues to aggressively push green energy development. The Department of the […]

Tokyo Gas
Exploration and Production

Japan’s Tokyo Gas to buy US gas producer for $2.7 billion

December 18, 2023 Stu Turley

A unit of Japan’s city gas supplier and LNG importer, Tokyo Gas, has agreed to buy Texas-based natural gas producer Rockcliff Energy from private equity firm Quantum Energy Partners for $2.7 billion. Tokyo Gas America […]

Pemex
Bankruptcy

Pemex’s failure to pay debts threatens suppliers’ survival, industry warns

December 16, 2023 Stu Turley

Investing Mexican state energy company Pemex’s mounting debt with oil service providers as well as private crude and gas producers threatens production, investment and in some cases even the survival of suppliers, industry groups warned. […]

Climate Crisis

Daily Energy Standup Episode #271 – Weekly Recap: Unraveling Geopolitical Dynamics, Investment Hypocrisy, and Technological Breakthroughs in the Ever-Evolving Energy Landscape

December 16, 2023 Andy Del Prado

Daily Standup Weekly Top Stories Russia’s Shadow Fleet – 24 min Bloomberg Video – “Ships aquired by “We don’t know who; and insured by who knows?” December 9, 2023 Stu Turley ENB Pub Note: Michael and […]

Shell
Exploration and Production

Shell acquires 100% interest in Kaikias field in U.S. Gulf of Mexico

December 15, 2023 Mariel Alumit

(WO) − Shell Offshore Inc., a subsidiary of Shell plc, has acquired the 20% Working Interest (WI) of MOEX North America LLC, a 100% subsidiary of Mitsui & Co., Ltd., in the Kaikias field in […]

Unit Corporation
Exploration and Production

Unit Corporation announces completion of Texas Panhandle asset sale

December 15, 2023 Stu Turley

Oil and Gas 360 Dec 14, 2023 -TULSA, Okla. – On December 13, 2023, Unit Corporation (OTCQX: UNTC) (Company) completed the previously announced sale of certain non-core oil and gas assets in the Texas Panhandle (the […]

Production
Crude Oil News

OPEC Production Falls While U.S. Oil Output Hits New High

December 14, 2023 Mariel Alumit

OPEC MOMR: OPEC’s crude production fell in November for the first time in months. OPEC: U.S. oil output continued to reach new highs. Venezuela and Libya, which are exempted from the OPEC+ deal, saw their […]

Crude Oil News

Shell to boost oil production from U.S. Gulf of Mexico with Great White project approval

December 14, 2023 Mariel Alumit

(WO) − Shell Offshore Inc., a subsidiary of Shell plc, announced the Final Investment Decision (FID) for a phased campaign to deliver three wells in the Great White unit designed to boost oil production at […]

Exploration and Production

BP’s former CEO forfeits £32 million pay on misleading board

December 14, 2023 Stu Turley

Yahoo Finance (Bloomberg) — BP Plc’s former Chief Executive Officer Bernard Looney will forfeit as much as £32.4 million ($40.6 million) in pay after resigning in September because he lied about his personal relationships with […]

OMV
Exploration and Production

OMV Petrom awards drilling contracts to Transocean, Halliburton for Black Sea natural gas project

December 13, 2023 Mariel Alumit

(WO) – OMV Petrom has made significant progress in developing the Neptun Deep project. The company has signed an agreement with an estimated value of $350.45 million for the semi-submersible drilling rig Transocean Barents for a minimum […]

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