Business/economics
The firm’s latest analysis puts the bulk of the blame on a fragmented supply chain.
The supermajor said the fields are not expected to contribute meaningfully to its production profile by 2030.
Output is rising fast in the South American shale play and putting Argentina on a course to soon reach 1 million B/D.
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The operator is exercising its right of first refusal, negating the previously announced deal with a private equity group. -
Four licenses are awarded to seven oil companies as this round sees less interest than previous ones.
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The Houston-based oil and gas producer says the latest transaction moves its divestment sum past $9 billion.
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Tourmaline Oil Corp. said it has agreed to buy smaller Canadian producer Black Swan Energy.
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IGU report highlighted pandemic-related delays that kept many international projects from coming on line in 2020.
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The producers operate conventional and unconventional assets across the US Lower 48 and produced a combined 111,000 BOE/D in the first quarter of 2021.
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The all-stock transaction is expected to bolster the newly created operator's production profile to around 160,000 BOE/D.
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Are you trying to stay up to date about developments aimed at energy transition efforts in our industry? This roundup of news presents some of the recent announcements.
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The deal is expected to bolster Southwestern's annual production to more than 4 Bcf/D.
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Brent crude ended the trading session at a 2-year high, while WTI contracts bounced to prices not seen since late 2018.
