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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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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.

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

Oil & Gas 360ยบ

He has urged energy companies to boost fossil fuel production and promised to bring down prices for consumers. 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. million bpd.

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

Oil & Gas 360ยบ

Energy Information Administration expects crude oil production to rise to a new record average of 13.61 million barrels per day (bpd) in 2025 and climb further to 13.76 Trump wants increased production because he wants lower energy prices and that stands in direct opposition to expanding investments in oil and gas.

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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