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Vital Energy, NOG expand Delaware Basin footprint with $1.1 billion Point Energy acquisition

(WO) — Vital Energy and Northern Oil and Gas have signed an agreement to acquire Point Energy Partners for $1.1 billion. Vital Energy will purchase 80% of Point’s assets, while NOG will acquire the remaining […]

Oil gains on fears of wider Middle East conflict

*Rocket strike on Israel controlled Golan Heights – After rocket strike in Golan Heights Singapore — Oil prices rose on Monday, paring last week’s loss, on fears of a widening conflict in the Middle East […]

Baker Hughes trims U.S. spending forecast amid delayed oilfield recovery

(Bloomberg) — Baker Hughes Co. lowered its expectations for U.S. shale activity, saying an anticipated recovery in oil drilling is no longer likely this year. The world’s No. 2 oil-services provider by market […]

Zephyr Energy reports strong initial results from Paradox Basin well in Utah

(WO) — Zephyr Energy plc has released initial results from the State 36-2R well at its Paradox Basin project in Utah. The early production test shows promising outcomes for the well, which was evaluated at […]

GSS Oyigbo wins NLNG 2024 Science Quiz in Rivers

*NLNG. Mkpoikana Udoma Port Harcourt — Government Secondary School, Oyigbo in Rivers State, has emerged as the Winner of the 2024 Science Quiz Competition sponsored by the Nigeria LNG Limited. Two students from the GSS […]

African onshore attracts independent, indigenous explorers

*Offshore West Africa oil & gas map Paris, France — French major TotalEnergies announced the sale of its stake in 18 Oil Mining Licenses (OMLs) in Nigeria – the majority of which are onshore – […]

U.S. presidential candidate Kamala Harris backs off fracing ban amid GOP criticism

(Bloomberg) — Vice President Kamala Harris’ campaign said she doesn’t support a ban on fracing, reversing a stance she took on the hot-button oil and gas extraction technique as a presidential candidate in 2019. […]

Senate’s energy permitting reform gains broad industry support

(WO) — Leading national energy associations have expressed strong backing for the Energy Permitting Reform Act of 2024, introduced by Senate Energy & Natural Resources Chairman Joe Manchin (I-WV) and Ranking Member John Barrasso (R-WY). […]

Slovakia offers solution to restore Russian oil flows through Ukraine

Eastern European Union members Slovakia and Hungary have been hit by a stop in flows from Russian group Lukoil via Ukraine after Kyiv imposed sanctions on the company, pressuring Hungarian and Slovak refineries that are […]

US oil/gas rig count rises in July in biggest monthly hike since Nov 2022

The oil and gas rig count, an early indicator of future output, rose by three to 589 in the week to July 26. , , Despite this week’s rig increase, Baker Hughes said the total […]