Canadian wildfires have prompted evacuations from oil sands projects in northern Alberta and forced thousands of people from their homes. A fire near Cold Lake, Alberta is bearing down on oil sands operations and curtailing production in the region as employees are told to leave. SourceContinue Reading
Chevron plans to lay off approximately 200 employees in the Permian basin, the company announced in a filing with the Texas Workforce Commission. The TWC had mistakenly reported the number as 800 due to a data entry error, and it has since been corrected. SourceContinue Reading
bp Plc appointed oil industry veteran Dave Hager to the board, bolstering its efforts to refocus on fossil fuels and keep investors on side. Hager has been in the sector for more than 40 years, recently leading U.S. shale producer Devon Energy Corp. as chief executive and then executive chairman. SourceContinue Reading
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
