CNOOC saw profits hit a record in the first quarter as China’s biggest #offshore driller continued to increase #production amidst slightly lower global #crude prices.

Read more: ow.ly/fkqK50RoxQK
#Guyana #oilandgas

In its Q1 2024 financial report, Hess Corporation reported an increase in income and #production , mostly due to operations #offshore #Guyana and in the U.S. #Bakken #shale region.

Read more: ow.ly/hKyk50Rox2B
#oilandgas

Technological advancements are revitalizing U.S. #shale #oilandgas production, despite challenges.

Read more: ow.ly/LSvf50RosMb
#PermianBasin #innovation #drilling #onshore

Texas LNG Brownsville LLC and a subsidiary of Glenfarne Energy Transition, LLC, have signed a second Heads of Agreement with EQT Corporation for #naturalgas liquefaction services for an additional 1.5 MMtpa of #LNG over 20 years.

Read more: ow.ly/xMwH50RomF7

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National Ocean Industries Association President Erik Milito issued a statement after the U.S. announced a new five-year #offshore wind leasing schedule and its impliactions on #oilandgas lease sales in the Gulf of Mexico.

Read more: ow.ly/EvzH50Rogm0
#offshore

Halliburton has been awarded a #deepwater integrated multi-well construction contract by Rhino Resources Ltd., a private company engaged in both onshore and #offshore #energy #exploration in #Africa .

Read more: ow.ly/SUpt50Ro3OF
#oilandgas

The Energy Workforce & Technology Council testified during the Field Hearing titled “ #Drilling Down: Oversight of the Challenges and Opportunities Facing the U.S. #Energy #Production .”

Read more: ow.ly/hKgc50RnFVi
#oilandgas

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Trident Energy has signed agreements ith Chevron and TotalEnergies for interest in the Moho-Bilondo, Nkossa, Nsoko II and Lianzi fields #offshore the Republic of Congo.

Read more: ow.ly/Oktw50RnEga
#oilandgas

#OPEC pledged to help #Namibia become a significant #crude producer, widening a path for the southern African nation to join the group.

Read more: ow.ly/7lkN50RnBJS
#production #offshore #oilandgas

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Matador Resources Co. pumped more oil than expected in the first three months of 2024 at a time when most U.S. producers have pledged flat to moderate #production growth this year.

Read more: ow.ly/zWjB50RnxwU
#shale #oilandgas #PermianBasin

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The International Monetary Fund expects #OPEC and its partners to start increasing oil #production gradually from July to catapult Saudi Arabia back into the ranks of the world’s fastest-growing economies next year.

Read more: ow.ly/nCkG50Rnqy1
#oilandgas

Vår Energi said that progressing towards its 400,000 boed by 2025 #production goal as key projects continue to develop.

Read more: ow.ly/86cI50RnkKm
#oilandgas #offshore

Last week, Petrobras carried out an #oilspill simulation Brazil’s Potiguar basin to obtain an #offshore #drilling license for the Pitu Oeste and Anhangá wells in the Equatorial Basin.

Read more: ow.ly/Kq6r50RmNIQ
#oilandgas #exploration

The IPAA and the American Petroleum Institute released statements on the National Petroleum Council report on reducing #greenhousegas #emissions from the #naturalgas supply chain.

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#methane #hydrogen #oilandgas

Shell and TotalEnergies are among several global energy companies in talks to buy stakes in Abu Dhabi National Oil Co.’s next #LNG export project in the United Arab Emirates.

Read more: ow.ly/fU8i50RmNGx
#naturalgas

Following last year’s blockbuster $192 billion in U.S. #upstream consolidation, Q1 2024 would be on track to surpass that record with $51 billion in announced deals.

Read more: ow.ly/Tjwa50RmHtT
#oilandgas #shale #mergersandacquisitions