The oil and gas industry is undergoing its biggest-ever consolidation, according to Enverus.
Upstream merger and acquisition activity hit $144 billion in the fourth quarter alone and $190 billion for 2023, both setting records.
Bids from Exxon Mobil, Chevron, and Occidental Petroleum were among the key deals fueling the record.
The upstream oil and gas sector is consolidating at a record pace, as companies race to secure longevity in the market.
Oil and gas explorer says start-up of Jubilee South East offshore Ghana drove production and boosted 2023 cash flow ahead of its expectations
Exploration drilling has confirmed a geothermal resource in the city of Otwock in Poland, and further development is currently under negotiations.
The new HPC6 supercomputer will be one of the most powerful industrial computing systems in the world, marking a major step forward in high-performance computing to support Eni’s transition from today’s energy sources to those of the future.
Ryanair will buy sustainable aviation fuel at Italian airports from a subsidiary of oil giant Eni under a deal confirmed on Monday.
A gas pipeline operated by the Nigeria Agip Oil has been reportedly hit by an explosion at Obagi Community, Ogba/Egbema/Ndoni Local Government Area of Rivers State.
Serinus Energy plc (“Serinus” or the “Company”) (AIM:SENX, WSE:SEN) notes that it has been selected as a preferred bidder on the KON-13 block in the onshore Kwanza basin in the Republic of Angola. Formal notification of this preferred bidder status is expected to be received from the Agência Nacional De Petróleo, Gás E Biocombustíveis (“ANPG”) in the coming days.
The force majeure put in place by the biggest gas exporter in Nigeria more than 15 months ago has left several industry experts increasingly worried about the mounting headwinds plaguing the country’s economic lifeblood: the oil and gas sector.
(The Center Square) – Texas leads the U.S. in oil and natural gas production and job creation primarily because of an innovative and talented workforce and supportive regulatory environment, state and industry leaders argue. As the Biden administration continues to halt and delay permits, Texas has prioritized pipeline and port expansion to facilitate energy and job growth.
The first stage of what is said to be the largest floating solar plant in Brazil has been inaugurated in the State of São Paulo.