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

Oil & Gas 360ยบ

Libyas NOC is working with IOCs Repsol, bp, TotalEnergies, ConocoPhillips and more to increase output to two million barrels per day (bpd). Unlocking new E&P markets A slate of discoveries in recent years have opened up new oil and gas plays across the continent.

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

Oil & Gas 360ยบ

Refer to Barrel of Oil Equivalency and Production & Product Type Information in this press release for additional disclosure. Barrel of Oil Equivalency “Boe” means barrel of oil equivalent. Refer to the Specified Financial Measures section in this press release for additional disclosure and assumptions.

Energy 130
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Global companies eye more US investment as Trump touts energy dominance

Oil & Gas 360ยบ

On Monday global Brent crude futures settled under $70 a barrel as investors worried a trade war would slow economic growth. million barrels per day, up 200,000 bpd from last months forecast. The foreign companies did not yet commit a dollar amount to new investment in the United States. Oil prices hit a three-year low in early March.

Energy 130
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Energy executives bask in Trump sun but ignore cheap energy pitfall

Oil & Gas 360ยบ

million barrels per day (bpd) in 2025 and climb further to 13.76 producer OXY Energy Services warned that oil prices below $60 a barrel would likely force small drillers to reduce activity. oil prices are currently around $68 a barrel. million bpd in 2026. But there is an obvious problem here. The CEO of U.S. Benchmark U.S.

Energy 130
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Top oil executives reckon with downturn even as Trump cheers them on

Oil & Gas 360ยบ

Trumps policies on trade and foreign policy have, however, threatened to drive up the cost of millions of barrels of oil that U.S. Crude prices hit a three-year low below $70 a barrel this week after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed to go ahead with a planned April output increase.

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