Australia's Santos forecast a fall in 2024 output on Wednesday, as its Bayu-Undan gas field's life comes to an end and production from the West Australian offshore field declines.
The Baleine field, where certified reserves are estimated at 2.5 billion barrels of oil and 3.3 trillion cubic feet of natural gas, was discovered in 2021 by the Italian energy group off the east coast of the West African country.
Full production has returned to a liquefied natural gas (LNG) train at Chevron's Gorgon facility in Western Australia, a company spokesperson said on Wednesday.
U.S. officials said on Tuesday seven energy companies have been impacted by an oil discharge near Main Pass Oil Gathering Co.'s (MPOG) pipeline system in the Gulf of Mexico that is estimated to have released more than a million gallons of crude oil.
Chevron said on Monday it had resumed the supply of natural gas from the offshore Tamar field, a month after it was told by Israel to halt operations due to violence in the region.
Mach Natural Resources said on Monday said it will buy certain oil and gas assets in the Anadarko Basin in Oklahoma from privately-held Paloma Partners for $815 million in cash.
Occidental Petroleum on Tuesday beat analysts' third-quarter profit estimates on strong U.S. oil production, but its results were well below a year ago due to lower energy prices and weaker chemical and pipeline results.
An "electrical incident" last month has curtailed the output of LNG at Chevron's Gorgon facility in Western Australia, a company spokesperson said on Thursday.
Chesapeake's Q3 production dropped by 15%, resulting in a profit of $70 million compared to $883 million in 2022. This decline was due to its exit from the Eagle Ford basin as part of a shift towards exclusive natural gas production, driven by activist investment firm Kimmeridge Energy Management.
Chevron has decided, like Exxon Mobil, that it’s better to discover oil on the New York Stock Exchange than drilling in the ground. The $318 billion oil giant said Monday it would buy New York-based Hess for $53 billion in an all-stock deal.
Chevron agreed to buy U.S. rival Hess Corp. for $53 billion in stock in a deal that reflects top U.S. energy companies' drive for oil and gas assets in a world seeking lower-risk future fossil supplies and higher shareholder returns.
Israel has suspended production at the Tamar gas field off its southern coast and will seek alternative fuel sources to meet its needs, the energy ministry said on Monday following three days of violence in the region.
Exxon Mobil is on the brink of a game-changing $60 billion acquisition of shale producer Pioneer Natural Resources, marking their most significant deal since 1998. This landmark move is set to redefine the energy landscape, and our article highlights the major oil and gas sector transactions that have shaped the industry since 2000.
Italian energy group Eni has made a significant gas discovery in Indonesia, opening the door to strengthening its position in the Asian country, where it has been present since 2001 with a portfolio of exploration and production assets.
Nationalized German gas importer and trader SEFE on Tuesday said it was interested in clean hydrogen production under its remit to help spearhead the green energy transition.
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