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African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360ยบ

Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront. Libyas NOC is working with IOCs Repsol, bp, TotalEnergies, ConocoPhillips and more to increase output to two million barrels per day (bpd).

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Christmas Eve Edition: 2024 Oil and Gas Results โ€“ Top Deals and a Bonus to End the Year

Rextag

As the year draws to a close and the festive season surrounds us with cozy blankets, steaming mugs of cocoa, and the sparkle of holiday lights, its the perfect time to pause, reflect, and unwrap the biggest highlights of 2024. This deal boosted Exxons daily output by over 700,000 barrels of oil equivalent per day (boe/d).

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Profits or Planet? BPโ€™s โ€˜New Beginningโ€™: The Shift from Low Carbon to Core Oil and Gas and Q4 2024 Results

Rextag

Financial Performance: 4Q and Full-Year 2024 Results BPs latest financial disclosures offer a revealing snapshot of its current challengesand opportunities: Underlying Replacement Cost Profit 4Q 2024 : $1.17 billion 3Q 2024 : $2.27 billion 3Q 2024 : $2.27 Cash Flow from Operations 4Q 2024 : $7.43

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BP Signs Agreement for Kirkuk Oil Fields Development

Iraq Business News: Oil & Gas

The agreement, signed in Baghdad on Tuesday under the patronage of Prime Minister Mohammed Shia Al-Sudani, encompasses oil, gas, power and water development, with potential for future exploration investment. We thank the Government of Iraq for the trust and privilege to deepen our cooperation in-country. "

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The Great Energy Debate: Why the IEA's Peak Oil Forecast Might Be Completely Wrong - 23 Wrong Assumptions

Rextag

The International Energy Agency (IEA), once regarded as the gold standard for energy forecasting, now faces significant criticism for its 2024 World Energy Outlook (WEO). If GDP grows at the historical rate, oil demand would be at least 10 million barrels per day (mmbd) higher by 2035 than the IEA forecasts. According to Mark P.

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Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360ยบ

.” Strategic Rationale Solidified Position Within the Large-Cap Universe: The combined company will have an enterprise value of $15 billion 1 and 370,000 boe/d 2 (63% liquids) of corporate production with significant overlap across both unconventional and conventional assets. million acres in Alberta.

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ConocoPhillips Q4 2024 Earnings Call: Key Updates on the Permian Basin

Oil Gas Leads

ConocoPhillips provided significant insights into its Permian Basin operations during its Q4 2024 earnings call, highlighting efficiency improvements, capital discipline, non-core asset sales, and potential growth opportunities tied to increasing U.S. This suggests further cost savings and productivity gains across its Lower 48 portfolio.

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