Latest Headlines

  1. Upstream M&A Sails On With $30B In 2Q24 7/30/2024

    Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is releasing its summary of 2Q24 upstream M&A activity.

  2. bp Gives Go-Ahead For Sixth Operated Hub, Kaskida, In The US Gulf Of Mexico 7/30/2024

    bp has taken a final investment decision on the Kaskida project in the US Gulf of Mexico. This demonstrates bp’s long-term commitment to deliver secure, affordable and reliable energy.

  3. Lower 48 Well Costs Expected To Decline 10% In 2024 7/29/2024

    After peaking in 2023, Lower 48 well costs are expected to decline 10% in 2024 and 1% in 2025, according to a recent report from Wood Mackenzie.

  4. Subsea Integration Alliance Awarded EPCI Contract Offshore UK 7/29/2024

    Subsea7 today announced the award of a sizeable(1) contract by bp to Subsea Integration Alliance(2), for the Murlach development (formerly Skua field), 240 kilometres east of Aberdeen in the UK North Sea.

  5. South Africa: TotalEnergies Exits From Offshore Blocks 11B/12B And 5/6/7 7/29/2024

    Following the decision of the partner CNRI to withdraw from Block 11B/12B, TotalEnergies also announces its withdrawal from this block, off the Southern coast of South Africa, in which its affiliate TotalEnergies EP South Africa holds a 45% interest.

  6. Permian Resources Announces Strategic Bolt-On Acquisition Of Core Delaware Basin Assets 7/29/2024

    Permian Resources Corporation (“Permian Resources” or the “Company”) today announced that it has entered into a definitive agreement with Occidental to purchase ~29,500 net acres, ~9,900 net royalty acres and ~15,000 Boe/d predominantly located directly offset the Company’s existing position in Reeves County, Texas for $817.5M, subject to customary post-closing adjustments.

  7. Viaro Energy Signs Agreement To Take Over Shell & Exxonmobil's UK Southern North Sea Assets 7/29/2024

    Viaro Energy (“Viaro”), the independent British energy company operating in the UKCS and the Netherlands North Sea, is pleased to announce that its main operating subsidiary RockRose Energy Limited signed an agreement with Shell U.K.

  8. Petrobras Records 2.4% Increase In Oil And Natural Gas Production In 12 Months 7/29/2024

    Petrobras ended the second quarter of 2024 (2Q24) with an average production of 2.7 million barrels of oil equivalent per day (boed), an increase of 2.4% compared to the same period last year (2Q23)

  9. Vital Energy To Expand Delaware Basin Position Through Bolt-On Acquisition 7/28/2024

    Vital Energy, Inc. ("Vital Energy" or the "Company") today announced the signing of a definitive joint purchase and sale agreement to acquire the assets of Point Energy Partners ("Point"), a Vortus Investments portfolio company.

  10. Natura Resources Announces Partnership With Texas Produced Water Consortium 7/26/2024

    Natura Resources, LLC (Natura) has entered into a revolutionary new partnership with the Texas Produced Water Consortium (TxPWC) at Texas Tech University to look at the deployment of Natura's liquid-fueled molten salt reactor (LF-MSR) technology to power the Permian Basin.