Rigzone: News

JANUARY 8, 2025

The discovery in Block 15-2/17, in the Cuu Long Basin, encountered about 370 feet of net oil pay across two reservoirs.

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Oil & Gas 360º

MARCH 10, 2025

The partners completed the offshore platform for Angolas first non-associated gas project in February 2025, with production on track for early-2026. UNOC is also advancing exploration in the Moroto-Kyoga basins, with preliminary studies aimed at uncovering new oil fields.

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The Energy Law

NOVEMBER 18, 2010

The industry segments covered by the rule are: offshore petroleum and natural gas production; onshore petroleum and natural gas production; onshore natural gas processing; onshore natural gas transmission compression; underground natural gas storage; liquefied natural gas (LNG) storage, import, and export; and natural gas distribution.

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Rextag

DECEMBER 23, 2024

billion Date: October 11, 2024 ExxonMobil made waves by acquiring Pioneer Natural Resources, securing 850,000 net acres in the Permian Basin. Occidental Petroleums Acquisition of CrownRock Value: $12 billion Date: March 2024 Occidental acquired CrownRocks 70,000 acres in the Permian Basin, adding 50,000 boe/d to its production.

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Aresco

OCTOBER 25, 2023

This includes both onshore and offshore activities. Production increases in the Permian Basin, for example, are a challenge regarding the takeaway capacity of the existing pipeline infrastructure. Upstream: Activities: Upstream refers to the exploration and production (E&P) phase of the oil and gas industry.

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Oil Gas Leads

MARCH 10, 2025

Offshore drilling activity increased , with the rig count rising by one to 14. Gas drilling activity could increase in response to a projected rise in gas prices, potentially benefiting gas-heavy basins like the Marcellus and Haynesville. Oklahomas drilling activity was unchanged at 49 rigs , reflecting stable operations in the region.

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Oil Review Middle East

MARCH 10, 2025

The Hail & Ghasha offshore development project, which is set to produce more than 1.5bn standard cubic feet per day (bscfd) of gas before the end of the decade, and the Ruwais LNG project are key ADNOC focuses. ADNOC's LNG capacity is set to expand significantly with the Ruwais LNG project (9.6

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Drillers

MARCH 24, 2020

company has a 40-60 joint venture with the NNPC, which is the majority shareholder, and stakes in several offshore fields, including several deepwater blocks that have yet to be developed. Chevron has stakes in both onshore and offshore fields through a JV with NNPC that has the same percentage distribution as Exxon’s.

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Valor

FEBRUARY 24, 2025

onshore wind farms and spinning off offshore wind assets. Read more 25% royalty rate cap on prime oil and gas land heads to the House Summary : The New Mexico Senate passed Senate Bill 23 in a 21-15 vote, advancing legislation to raise the maximum royalty rate on prime oil and gas land in the Permian Basin from 20% to 25%.

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Rextag

OCTOBER 31, 2024

Despite this trick rather than treat, ExxonMobil boosted production by 80,000 oil-equivalent barrels daily, driven by growth in the Permian Basin and Guyana. decline in revenue, CNOOCs strong output, especially from offshore China and the Payara project in Guyana, helped keep profits on a high note.

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Rextag

FEBRUARY 24, 2025

Now, as we step into 2025 , the industry faces critical questions : Which basins will see the most growth? oil & gas basins , the leading companies , and market trends using the latest data and forecasts. The Permian Basin remains the top destination for U.S. What are the key companies doing to stay competitive? MMBbl/d.

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Permian Basin Oil and Gas Magazine

MARCH 1, 2025

Energy Workforce continues to advocate for accelerated action on federal onshore and offshore lease sales, permanently passing permitting reform to expedite infrastructure for energy projects and undoing the ongoing LNG pause, which threatens to undermine Americas role as a leading global energy supplier.

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Valor

FEBRUARY 17, 2025

Double Eagle controls over 95,000 net acres in the Midland Basin portion of the Permian Basin, making it one of the largest private equity holdings in the region. This move follows Diamondback’s recent $26 billion acquisition of Endeavor Energy Resources, reflecting its strategy to expand its presence in the Permian Basin.

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