During the shale boom, analysts and investors used to reward E&Ps for more production. Now, shareholders prefer more cash returns in their pockets—and experts don’t see that changing anytime soon.
OneSubsea, a joint venture between SLB, Aker Solutions and Subsea7, looks to improve subsea asset performance and efficiency while decreasing emissions.
Dallas-based Dorchester Minerals continues to scoop up oil and gas mineral and royalty interests in the Lone Star State.
HEYCO Energy purchased Egdon’s assets, containing interests in 33 licenses in the U.K. including Wressle Field, the country’s second-biggest oil field by volumes.
Ovintiv President and CEO Brendan McCracken has beefed up the E&P’s portfolio with a major acquisition in the Permian and added exposure to the lucrative Canadian LNG market.
Ovintiv President and CEO Brendan McCracken has beefed up the E&P’s portfolio with a major acquisition in the Permian and added exposure to the lucrative Canadian LNG market.
The Biden administration’s proposed 2024–2029 National Outer Continental Shelf (OCS) Oil and Gas Leasing Program would allow for the “smallest number” of offshore oil lease sales — three — in the history of five-year programs.
The fate of Venezuela’s U.S. refining arm Citgo Petroleum is closer to reaching a theatrical climax as a court ordered sale date approaches.
Primarily operated by Endeavor and Ovintiv, the acquisition encompasses approximately 5,000 net royalty acres in Midland’s Martin and Dawson counties, Texas.
A number of contracts have been awarded in support of the Rosebank oil field’s Phase 1 development.