Pietro D
Pitts
Hart Energy
Petrobras’ 2Q Production Rises 2.4% YOY to 2.7 MMboe/d
Brazil’s state-owned Petrobras reported average production of 2.7 MMboe/d in second-quarter 2024 as offshore production continues to ramps up.
BP Takes FID on US GoM Development Kaskida
BP has taken a final investment decision on its Kaskida development in the U.S. GoM, with production of 80,000 bbl/d expected to start flowing in 2029.
Disputed Delaware Basin Acres Excluded in Vital-Point Energy Deal
The 4,000 gross contiguous acres in northern Loving County are involved in litigation with Matador Resources, which the Texas Supreme Court ruled lost its lease.
2Q Upstream M&A Tops $30B as Deals Hit Utah, Eagle Ford, Bakken
A historic run of U.S. upstream M&A transactions continued unabated during the second quarter, according to Enverus data.
Crescent Energy Closes SilverBow Deal, Adding Eagle Ford Scale
Crescent Energy closed a $2.1 billion merger with SilverBow Resources, creating the second-largest operator in the South Texas Eagle Ford Shale.
SandRidge Energy Buys Western Anadarko Cherokee Assets for $144MM
Midcontinent E&P SandRidge Energy is getting deeper into the emerging Cherokee oil play in western Oklahoma through a $144 million acquisition.
What's Affecting Oil Prices This Week? (July 29, 2024)
Despite mixed economic news, in recent weeks, the U.S. demand for oil products has been running above last year, according to Energy Information Administration data.
Paisie: Oil Demand to Rise 1.2 MMbbl/d in Second Half
WTI’s price is expected to stay in the low $80s/bbl.
Pemex Hits Debt Target, Struggles to Reverse Production Declines
Pemex achieved its long-term debt target, which aimed to gets its financial obligations below the $100 billion, while struggling to halt production declines.
Canada Likely to Delay Trans Mountain Pipeline Sale
The Canadian government will likely stall the sale of the Trans Mountain oil pipeline until after the national election in 2025.