Basin Offshore Pipeline 
Oil & Gas 360º
MARCH 6, 2025
The bid round is expected to attract foreign investors and drive exploration activities across Libyas resource-rich basins, enabling global energy companies to engage in a market that has remained largely unexplored for nearly two decades. Meanwhile, the Sabratha Compression Project is in execution, with startup expected later in the year.
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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Aresco
OCTOBER 25, 2023
This includes both onshore and offshore activities. Key Processes: Transportation via pipelines, rail, trucks, or ships; storage in tanks or other facilities; and marketing for wholesale distribution. Assets: Midstream assets include pipelines, storage tanks, terminals, and transportation infrastructure.
Drillers
MARCH 24, 2020
Pipeline vandalism, militant attacks on infrastructure, protests and lawsuits are among the issues that have plagued Nigerias oil industry for years. 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.
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.
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%.
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.
Expert insights. Personalized for you.
130 
Let's personalize your content