Asset Management
With $9.6 billion in assets in the market, the focus is shifting from who is exiting Southeast Asia to who is positioning for entry through acquisition, according to Rystad Energy.
Despite significant progress in capturing associated gas for domestic use, Iraq remains the world’s third-largest gas-flaring country as it aims for higher oil and gas production targets.
Transaction adds 90,000 net acres and 68,000 BOE/D of production as Crescent expands its South Texas footprint.
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The world's two largest oilfield service outfits are riding a wave a renewed upstream spending while Baker Hughes posted its second straight quarterly loss. -
Whether its onshore or offshore, China is OK with drilling deeper to secure new gas reserves.
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In following some of the upstream industry's other big firms, the legacy oilfield service company believes the time for a change has come.
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Billionaire-founder boosts his original offer made in June to secure the deal.
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ADNOC is hiring more jackup drilling rigs to boost offshore production of its more carbon-friendly brand of crude.
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Ben van Beurden said quitting was impossible because the Netherlands was dependent on Groningen gas.
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M&A market activity in the third quarter delivered the best showing of 2022 despite price volatility and a dearth of deals in the prolific Permian Basin.
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The Permian Basin operator said the purchase translates to more than a decade of additional inventory.
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Occidental Petroleum is considered one of the upstream industry’s most dynamic companies after making major investments to boost oil and gas production while also scaling up low-carbon technologies.
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The reduction is the largest OPEC+ has made since April 2020, but it may translate to a cut of only 1.1 million B/D because of underproducing members.
