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Multiple U.S. shale producers boost 2024 oil and gas production forecasts following unexpected Permian success

(Bloomberg) – Some leading U.S. shale producers are planning to pump more oil this year than originally projected, a sign national supply could exceed the modest growth expectations many companies had pledged. EOG […]

Multiple U.S. shale producers boost 2024 oil and gas production forecasts following unexpected Permian success

(Bloomberg) – Some leading U.S. shale producers are planning to pump more oil this year than originally projected, a sign national supply could exceed the modest growth expectations many companies had pledged. EOG […]

Oil settles at 8-month low after disappointing US job numbers

*Global oil flow. Houston — Oil prices fell on Friday, settling at their lowest since January after data showed the U.S. economy added fewer jobs than expected last month, and weak Chinese economic data added […]

Petrobras enlists SLB to deploy pre-salt subsea production system across Atapu, Sepia fields offshore Brazil

(WO) — SLB has announced a major offshore contract award by Petrobras, following a competitive tender, to its OneSubsea joint venture for their standardized, pre-salt subsea production systems and related services. The scope covers the […]

Nigeria’s first quarter oil earnings grew by 97% to N2.06trn

*A view of Central Bank of Nigeria headquarters next to National. Ecumenical Centre in Abuja, Nigeria November 23, 2021. REUTERS/Afolabi Sotunde Michael Eboh Dublin, Ireland — Nigeria’s earnings from oil and gas appreciated by 96.62 […]

Exxon delivers $9.2bn second-quarter profit, raises output target

– Exxon raises 2024 oil and gas output goal to 4.3 million bpd– Raises capital spending guidance to $28 billion for 2024– Aims to cut cumulative $5 billion in costs through 2027 London — Exxon […]

Crescent Energy, SilverBow Resources form second-larger Eagle Ford player following $2.1 billion acquisition closing

(WO) – Crescent Energy Company announced the closing of its acquisition of SilverBow Resources, Inc. The transaction was closed ahead of schedule. The SilverBow integration is well underway, with approximately $35 million of […]

Petrobras looks to acquire “significant” stake in Galp Energia’s massive Mopane oil and gas discovery offshore Namibia

(WO) – Petrobras has made an offer to acquire a significant stake in Galp Energia’s highly-anticipated oil and gas discovery offshore Namibia, according to Reuters. If successful, Petrobras would become the operator of the Mopane […]

Shell Q2 profit slides to $6.3bn on weaker trading

London — Shell reported second-quarter profit of $6.3 billion, a drop of 19% from the previous three months, as refining margins and oil and gas trading weakened, though still beating analysts’ forecasts. The results were […]

OPEC+ sticks to oil policy, repeats could pause Oct hike

*Austrian police officers stand in front of the OPEC headquarters in Vienna, Austria, June 3, 2023. REUTERS/Leonhard Foeger/File Phot. – Russia comfortable with current oil prices– Algeria sees demand on upward trend in coming weeks– […]