World Oil

08/08/2025

Civitas Resources has sold $435 million in non-core DJ Basin assets and named Wouter van Kempen as interim CEO, aligning its portfolio strategy with leadership changes and a focus on debt reduction and shareholder value.

Civitas Resources has sold $435 million in non-core DJ Basin assets and named Wouter van Kempen as interim CEO, aligning its portfolio strategy...

08/08/2025

Occidental has raised $950 million through recent Permian asset sales and repaid $7.5 billion in debt since July 2024, continuing its post-CrownRock strategy to streamline operations and strengthen its balance sheet.

Occidental has raised $950 million through recent Permian asset sales and repaid $7.5 billion in debt since July 2024, continuing its...

08/07/2025

Presidio's entry into the public markets comes as the capital-intensive shale era gives way to a more disciplined focus on returns. Presidio’s differentiated model emphasizes zero reliance on future drilling, minimal capital investment, and substantial free cash flow.

Presidio's entry into the public markets comes as the capital-intensive shale era gives way to a more disciplined focus on returns. Presidio’s...

08/07/2025

ADNOC Gas has announced Q2 2025 results, with net income rising by 16% year-on-year to a record $1.385 billion and EBITDA increasing by 8% YoY to $2.256 billion.

ADNOC Gas has announced Q2 2025 results, with net income rising by 16% year-on-year (YoY) to a record $1.385 billion and EBITDA increasing by 8%...

08/07/2025

AMEXHI has released a statement celebrating the effort of the Federal Government and its energy and finance institutions to develop the strategic plan for the strengthening of Pemex.

The Mexican Association of Hydrocarbons Companies (AMEXHI) has released a statement celebrating the effort of the Federal Government and its energy...

08/07/2025

TotalEnergies is selling its 45% stake in two Vaca Mu**ta shale blocks to YPF for $500 million, shifting focus to core assets in Argentina’s Neuquén Basin and offshore Tierra del Fuego.

TotalEnergies is selling its 45% stake in two Vaca Mu**ta shale blocks to YPF for $500 million, shifting focus to core assets in Argentina’s...

08/07/2025

Blackstone will acquire energy analytics leader Enverus, expanding its portfolio in AI-driven energy intelligence as the sector faces rapid electricity demand growth and the energy transition.

Blackstone will acquire energy analytics leader Enverus, expanding its portfolio in AI-driven energy intelligence as the sector faces rapid...

08/07/2025

BREAKING NEWS: ConocoPhillips is divesting its basin assets for $1.3 billion, surpassing its $2 billion divestiture target early as part of a broader portfolio streamlining effort following the Marathon Oil integration.

ConocoPhillips is divesting its Anadarko basin assets for $1.3 billion, surpassing its $2 billion divestiture target early as part of a broader portfolio streamlining effort following the Marathon Oil integration.

08/07/2025

Gulf Energy Information has announced the finalists for the 2025 Excellence Awards, honoring breakthrough technologies and projects in the energy industry. The black-tie gala will be held Oct. 16 at in Houston, Texas.

Gulf Energy Information has announced the finalists for the 2025 Excellence Awards, honoring breakthrough technologies and projects in upstream,...

08/06/2025

ADNOC Drilling is planning to buy a company operating oil and gas rigs in Kuwait and Oman, which would be the second such deal in less than a year as the UAE-based firm expands beyond its home market.

Read more: https://ow.ly/ASJW50WAKX7

08/06/2025

's First Exploration and Petroleum Development Co. is eying gas exploration in East Africa, reflecting a wider push by the country’s energy companies to grow outside the home market.

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Nigeria’s First Exploration and Petroleum Development Co. is eying gas exploration in East Africa, reflecting a wider push by the country’s energy...