Upstream M&A activity notched its third consecutive quarter of heightened value with more than $30 billion transacted. That brings year-to-date activity, including July deals, to nearly $90 billion and nearly $250 billion transacted in the last 12 months. Prior to the latest run of consolidation, quarterly M&A value had only topped $30 billion three times...Continue Reading

Petrobras ended Q2 2024 with an average production of 2.7 MMboed, an increase of 2.4% compared to the same period of the previous year. The increase was driven by the increase in production ( ramp-up ) of the FPSOs Almirante Barroso, P-71, Anna Nery, Anita Garibaldi and Sepetiba, in addition to the entry into production...Continue Reading

European Clean Energy Firms Wary of A Trump Presidency | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – Jul 30, 2024, 5:00 PM CDT Many European companies have been lured to...Continue Reading

Eco (Atlantic) Oil & Gas Ltd., an oil and gas exploration company focused on the offshore Atlantic Margins, has announced its audited results for the year ended March 31, 2024. SourceContinue Reading

MAN PrimeServ – the after-sales brand of MAN Energy Solutions – will offer a retrofit package for the conversion of conventional MAN four-stroke engines already in the field to dual-fuel methanol operation. SourceContinue Reading

Wind Energy’s Summer Slump Bolsters Natural Gas Dominance | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Jul 30, 2024, 4:00 PM CDT Natural gas has become the dominant energy source in the...Continue Reading

API Reports Large Draw in Crude Inventories | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Jul 30, 2024, 3:54 PM CDT Crude oil inventories in the United States fell again this...Continue Reading

The disruption caused by Hurricane Beryl led to temporary reductions in U.S. LNG exports, contributing to fluctuations in global gas prices. Freeport LNG’s gradual return to full production is a significant step towards stabilizing these markets. SourceContinue Reading

Kaskida will be bp’s sixth hub in the Gulf of Mexico, featuring a new floating production platform with the capacity to produce 80,000 bopd from six wells in the first phase. Production is expected to start in 2029.  SourceContinue Reading

Colombia Struggles With Energy Crisis, Delays in Gas Projects | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Premium Content By Julianne Geiger – Jul 30, 2024, 3:00 PM CDT Colombia’s state oil company, Ecopetrol SA, announced that...Continue Reading