Barrel Energy Exploration and Production 
Oil & Gas 360º
MARCH 10, 2025
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).
Rextag
JANUARY 29, 2025
Maverick Natural Resources has operations in Texas and Oklahoma Diversified Energy (DEC) has agreed to acquire Maverick Natural Resources, a private-equity-backed oil and gas producer, in a deal valued at approximately $1.3 billion, factoring in Diversified Energys assumption of $700 million in Mavericks outstanding debt.
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Rextag
DECEMBER 18, 2024
In the first part of this series, we explored the massive pipeline projects that crisscrossed the U.S., the rise of unconventional resources like coal bed methane, and how the industry began reshaping Americas energy map. Whispers of Greatness: Early exploration hinted at untapped reserves that could change the game.
Iraq Business News: Oil & Gas
FEBRUARY 17, 2025
He outlined Iraq's major achievements in the oil and gas sector, including: Adding 380,000 barrels per day to refining capacity. Achieving self-sufficiency in diesel and kerosene production. On renewable energy, Iraq has secured commitments for 8,000 MW of solar power at oil field sites.
Rextag
DECEMBER 23, 2024
This deal boosted Exxons daily output by over 700,000 barrels of oil equivalent per day (boe/d). shale, positioning it as a leader in energy transition discussions. Production increased by 460,000 boe/d, making Chevron a major player in international energy markets. Sunocos Acquisition of NuStar Energy Value: $7.3
Rextag
MARCH 3, 2025
BP has announced a shift in its energy strategy, moving away from aggressive renewables investments and increasing its oil and gas production spending. He stated that BPs initial faith in green energy was misplaced , leading to a strategic reset prioritizing stronger financial performance and higher shareholder returns.
The Energy Law
SEPTEMBER 23, 2008
House of Representatives passed Speaker Pelosi’s Energy Bill, H.R. 6899, titled “Comprehensive American Energy Security and Consumer Protection Act.” Title I addresses the existing moratoria, future OCS access, exploration, production and royalty questions.
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