Devon Energy and Coterra Energy are merging in an all-stock deal valued at $58 billion to create a new U.S. shale oil and gas heavyweight.
Devon Energy and Coterra Energy announced on Monday a definitive agreement to merge and create a premier shale operator in an all-stock transaction, implying a combined enterprise value of about $58 billion.
Aizawl, Feb 2 (PTI) Mizoram Chief Minister Lalduhoma on Monday said efforts are being made to expedite the exploration of natural gas and oil in the state.
Emeafa Hardcastle, acting CEO of Ghana’s Petroleum Commission, talks to The Energy Year about reviving upstream investor interest through new policy approaches and redefining local content to create greater value. The Petroleum Commission is the government agency responsible for regulating, managing and co-ordinating activities in Ghana’s upstream petroleum sector, overseeing exploration, production, compliance and local content development.
Ghana’s Tema Oil Refinery (TOR) is back in operation, offering hope for more stable domestic fuel prices and economic resilience, the Ghana Association of Banks (GAB) said in its 2026 Industry Outlook.
The Railroad Commission of Texas (RRC) revealed its latest preliminary crude oil and natural gas production figures, which were for October last year, in a statement posted on its website recently.
Oil edged lower, though still notched its biggest monthly gain since 2022, as US President Donald Trump reiterated openness to negotiations with Iran, though investors remain on edge about the potential for further tensions.
Petrobras (NYSE:PBR) is one of the largest oil and gas producers in the world. The Brazilian company is mainly dedicated to exploration and production, refining, energy generation, and marketing.
Despite lower oil prices, ExxonMobil (NYSE: XOM) booked higher-than-expected earnings for the fourth quarter as quarterly production in the Permian basin and offshore Guyana set new records.
Exxon Mobil Corp. and Chevron Corp. surpassed profit expectations as higher oil production helped offset the blow from lower crude prices.