Specialist drilling waste management company, TWMA*, has published its results for Q1 2025, including revenue of $16.4 million. The results follow a period of progress on key group strategic initiatives, positioning TWMA for future expansion. SourceContinue Reading
EOG Resources today announced a definitive agreement to acquire Encino Acquisition Partners (EAP) for $5.6 billion. The deal positions EOG as a leading E&P within the Utica shale play, adding 675,000 net acres for a combined 1,100,000 acres, and representing more than two billion boe of undeveloped resource. SourceContinue Reading
A total of 26 out-of-control fires are burning in the province amid hot, dry weather, bringing flames within 12 mi (20 km) of about 245,000 bopd production, according to data from Alberta’s energy regulator and wildfire department. SourceContinue Reading
bp Trinidad and Tobago (bpTT) has safely delivered first gas through connection of the initial discovery well at the Mento development, offshore Trinidad. The drilling campaign for the remaining seven gross wells on the platform will now begin, bp announced. Mento is a 50/50 joint venture between bpTT and EOG Resources, with EOG acting as...Continue Reading
Kazakhstan said it can’t cut oil production and even hopes to increase output beyond planned levels later this year, deepening a stand-off with OPEC+ before the group meets this weekend. SourceContinue Reading
ExxonMobil says it will be “business as usual” in its massive Guyana oil field if it loses its arbitration case against Chevron and Hess. Exxon and CNOOC have claimed right of first refusal over Hess’s stake in the offshore Stabroek block. SourceContinue Reading
Zephyr Energy has announced initial post-well evaluation results at its flagship project in Utah’s Paradox basin. “The Cane Creek reservoir is highly productive and potentially ranks alongside some of the most productive oil and gas plays in the U.S,” said CEO Colin Harrington. SourceContinue Reading
Chevron Corp. plans to lay off nearly 800 employees in the Permian basin, the company announced in a filing with the Texas Workforce Commission. The bulk of the reductions will come from Chevron’s Midcontinent campus on the outskirts of Midland, Texas. SourceContinue Reading
TotalEnergies has signed an agreement with Shell to sell its 12.5% interest in the Bonga oil field, offshore Nigeria, for $510 million. The deal increases Shell’s stake in the Bonga oil field to 67.5%. Shell completed its sale of onshore Nigeria assets in the West African nation. SourceContinue Reading
bp Trinidad and Tobago (bpTT) has safely delivered first gas through connection of the initial discovery well at the Mento development, offshore Trinidad. The drilling campaign for the remaining seven gross wells on the platform will now begin, bp announced. Mento is a 50/50 joint venture between bpTT and EOG Resources. SourceContinue Reading
