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HomeExploration and Production

Exploration and Production

Crude Oil News

Deal Spotlight – Episode 2 – Deep Dive into Occidental Petroleum’s Permian Basin Acquisition and Evaluating Potential Overpayment

December 21, 2023 Stu Turley

Michael and I love evaluating deals. Today is an excellent example of the M&A activity heating up in the oil and gas market. This deal between Occidental and CrownRock has some key takeaways, which we […]

Railroad
Crude Oil News

Railroad Commission orders no-fly zone over ‘uncontrolled’ West Texas well spewing super-salty water

December 21, 2023 Mariel Alumit

The Texas Railroad Commission, which regulates the state’s oil and gas industry, has obtained a no-fly zone in the area of what it says is an uncontrolled well in Crane County where its crews are working to […]

Canadian oil
Crude Oil News

Canadian oil producers may wait for elections before cutting emissions

December 21, 2023 Stu Turley

Oil Price Several small-sized Canadian oil and gas producers prefer to wait and see if Prime Minister Justin Trudeau and his Liberals will survive the 2025 election instead of investing a lot of money and […]

shale
Crude Oil News

U.S. shale drillers to cut spending after 2023 oil production boom

December 21, 2023 Stu Turley

World Oil (Bloomberg) – Closely held operators, once the engine to the Permian’s shale growth coming out of the pandemic, are now expected to lead U.S. oil drillers into spending contraction next year. Private oil and […]

Biden
Crude Oil News

Biden Govt Sets Only Three Fossil Fuel Leases for 2024-29

December 19, 2023 Mariel Alumit

The Biden administration has cut the number of lease sales in the United States outer continental shelf (OCS) from the previously proposed 47 to just three in the final oil and gas leasing program for […]

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 […]

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