Business/economics
EY reports an 11% decline in reserve additions and the first sub-100% reserve replacement ratio since 2021, even as crude output climbed.
Superior seeks to expand its international footprint through the acquisition, which is reportedly valued at $1.2 billion.
By acquiring 100% of Ventura’s outstanding shares, SED Energy Holdings would scale its business into a combined $1 billion company backed by a $1.3 billion contract backlog focused on deepwater drilling, shallow-water tender rigs, and seismic acquisition.
-
Chevron now holds a 30% stake in a prolific offshore Guyana development, where oil production is expected to ramp up over the next few years. -
As Africa’s top oil producer, Libya is ramping up momentum—offering 22 exploration areas and welcoming BP back to Tripoli with a major deal.
-
Tight oil and gas producers in the US are pulling back faster than expected as oil prices stagnate and produced water management constraints grow.
-
This article presents a results-driven case study from an ongoing collaboration between a midstream oil and gas company and Neuralix Inc.
-
As carbon capture scales up worldwide, the real challenge lies deep underground—where smart reservoir management determines whether CO₂ stays put for good.
-
Equinor and Shell plan to launch the joint venture—initially announced in late 2024—by the end of 2025, pending regulatory approvals.
-
The supermajor follows other oil companies including ExxonMobil, Equinor, and Occidental Petroleum in the hunt to bolster US supplies of lithium.
-
The tentative offer has received unanimous support from the board of Australia’s second-largest oil and gas producer.
-
Japan’s largest power generator is focused on sourcing Haynesville natural gas production for Gulf Coast export as LNG.
-
Oil and gas companies drilled 75 “high-impact” wells in 2024, representing 5.2 billion BOE.
