North America
News
October 23, 2023
U.S. oil and natural gas companies are circling each other for potential match ups to keep investor returns growing as the nation’s prolific shale fields age.
News
October 23, 2023
Oil drillers have applied for 81 licenses to drill into the so-called Waseca formation so far this year, 30 more than in all of 2022. That’s the biggest increase in any oil and gas formation in the province this year, according to regulatory data.
News
October 23, 2023
Hess’ Bakken assets add another leading U.S. shale position to Chevron’s DJ and Permian basin operations and further strengthen domestic energy security.
News
October 20, 2023
The acquisition makes the Texas oil giant the dominant producer in the Permian, the world’s most important basin outside of OPEC and provides the ability to flex production to meet short-term demand, which will be crucial in the energy transition.
News
October 19, 2023
The completed Whale FPU, which comprises a topside module and a four-column semisubmersible floating hull (of over 22,000 tonnes), delivered on-time and within budget.
News
October 19, 2023
Devon’s merger ambitions underscore how U.S. shale is ripe for a consolidation wave as companies seek to boost drilling inventory and cut costs.
News
October 18, 2023
The Commission’s plugging program works aggressively to protect the environment and communities around the state, as evidenced by the fact that the agency has exceeded well plugging targets set by the legislature for seven straight years.
News
October 18, 2023
Chesapeake has held on-and-off discussions with Southwestern for months about a potential combination, said one of the people, who asked to not be identified because the matter isn’t public.
News
October 17, 2023
Florida Governor Ron DeSantis and former U.S. Ambassador to the United Nations Nikki Haley were the biggest beneficiaries of donations from oil and gas representatives in the third quarter, according to a Bloomberg review of new campaign finance disclosures filed with the Federal Election Commission.
News
October 16, 2023
As shale growth slows, deepwater drilling is enjoying a renaissance, with more than $500 billion in global offshore investments expected through 2025.
News
October 16, 2023
Tourmaline’s production will increase to 600,000 boed after the acquisition, which is expected to close late next month.
News
October 13, 2023
The zealous proposal by the National Marine Fisheries Service may lead to major limitations when transporting oil and gas products, which in turn would have an alarming and negative effect on the economy of Texas.
News
October 12, 2023
Job cuts will be “fairly minimal,” CEO Darren Woods said just hours after announcing Exxon’s biggest acquisition in more than two decades. “We’re really focused on making sure we are leveraging the capability of Pioneer and their people.”
News
October 12, 2023
The Legislature set a target of 1,000 orphaned wells to be plugged in fiscal year 2023, and the RRC plugged a total 1,750 wells including1,020 wells with oil and gas funds and an additional 730 orphaned wells using federal grants.
News
October 12, 2023
U.S. oil production jumped to 13.13 MMbpd last quarter and is forecast to rise to 13.16 MMbpd in the fourth quarter, according to the Energy Information Administration’s monthly Short-Term Energy Outlook released Wednesday.
News
October 12, 2023
The shale sector is a hotbed of consolidation talk as oil companies compete for the best drilling portfolios in the Permian basin, North America’s biggest source of crude.
News
October 11, 2023
ExxonMobil officials, including Senior V.P. Neil Chapman, held a media briefing on Wednesday morning (Oct. 11), to further articulate it's acquisition of Pioneer Natural Resources. World Oil sat in on that discussion, which included the company’s drilling plans, shale outlook and midstream operations.
News
October 11, 2023
The Tiberius exploration well tested a four-way structural trap in the outboard Wilcox trend, located in Keathley Canyon Block 964. The well encountered approximately 250 ft (~75 m) of net oil pay in the primary Wilcox target.
News
October 11, 2023
At close, ExxonMobil’s Permian production volume would more than double to 1.3 MMboed, based on 2023 volumes, and is expected to increase to approximately 2 MMboed in 2027.
News
October 10, 2023
(WO) — Vitesse Energy has acquired additional oil and gas interests in the Williston basin of North Dakota, resulting in approximately $50 million of acquisition and related development capital expenditures, primarily in the third and fourth quarters of 2023., the company said on Oct. 9.
News
October 10, 2023
Kolibri Global Energy reported that its latest set of down-spaced wells in the Tishomingo field, Oklahoma, are yielding higher production rates compared to its earlier wells in the same area
