Exploration and Production Archives - Page 12 of 65

ExxonMobil’s Position in Guyana Is Making Profits

May 31, 2026 Clark Savage307

ExxonMobil’s massive offshore operations in Guyana are delivering blockbuster returns, even as global oil markets navigate geopolitical turbulence. The U.S. supermajor, operator of the world-renowned Stabroek Block, is riding a wave of record production, ultra-low breakeven costs, and newfound regional stability following Venezuela’s political restructuring. As highlighted in recent market analysis, the consortium’s cost-recovery phase […]

California Loses Bid to Block Sable Offshore from Pumping Oil

May 30, 2026 Clark Savage259

In a significant victory for American energy production and common sense, a federal judge has rejected California’s latest attempt to shut down Sable Offshore Corp.’s operations, allowing the company to continue moving domestically produced crude oil through its pipeline system. The ruling underscores the ongoing tension between California’s aggressive anti-oil policies under Governor Gavin Newsom […]

Alaska’s Oil and Gas Revival Picking Up Steam

May 27, 2026 Clark Savage252

Alaska is experiencing a genuine renaissance in its oil and gas sector. After decades of declining production that saw output fall from a peak of nearly 2 million barrels per day two decades ago to below 600,000 barrels per day in recent years, the state is poised for a significant rebound. Record-breaking lease sales, major […]

Northern Oil and Gas Reaches First Deal for Canadian Energy Assets – Strategic Duvernay Entry Strengthens Scale, Diversification, and Long-Term Inventory

May 26, 2026 Clark Savage216

Northern Oil and Gas, Inc. (NYSE: NOG) has taken a significant step into Canada with its first international acquisition. The company announced on May 26, 2026, that it has agreed to acquire a 25% undivided non-operated interest in light-oil producing properties and substantial undeveloped acreage in Alberta’s Duvernay Shale from Parallax Energy Operating Inc. This […]

Fundamental Changes post Iran in Trading Blocs around the world

May 26, 2026 Clark Savage170

Stu Turley here from the Energy News Beat Podcast. For years on this show, we’ve been hammering home a core truth: energy policy is destiny. Affordable, reliable, abundant energy drives manufacturing, jobs, investment, and GDP growth. Ideological Net Zero pursuits that ignore reality — spiking costs, killing baseload power, and forcing deindustrialization — deliver the […]

AI Could Unlock $500 Billion for Oil and Gas Producers by 2030 — But Only with Accountability

May 23, 2026 Clark Savage224

The upstream oil and gas sector stands on the cusp of a transformative opportunity. According to fresh analysis from Rystad Energy, digitalization and artificial intelligence could generate nearly $500 billion in cumulative value for Exploration & Production (E&P) companies between 2026 and 2030. This windfall would come through three main levers: cost reductions via more […]

There’s a Party Going on in the Permian Delaware – Reese Energy Consulting

May 22, 2026May 22, 2026 Clark Savage296

The Delaware Basin, the western half of the mighty Permian, is buzzing with deal-making energy. According to Reese Energy Consulting’s May 21, 2026, update, “Looks like the Delaware this week is host of Party Central in Perm Town for upstream M&A and a midstream FID.” With crude prices volatile and recently tipping toward $100 per […]

US Rig Count Jumps the Most in Four Years: Oil-Directed Drilling Leads Multi-Week Surge

May 22, 2026 Clark Savage185

U.S. energy drillers added rigs at the fastest pace in years this week, with Baker Hughes reporting a solid +7 increase in the active rotary rig count to 558 for the week ending May 22, 2026. This marks the largest weekly gain in recent memory and extends a four-week streak of increases—the first such sustained […]

Romania Drilling for Nat Gas in Black Sea: Neptun Deep Project Set to Transform EU Energy Landscape

May 19, 2026 Clark Savage266

Europe’s largest new natural gas development is officially underway. In the Black Sea, 160 km off Romania’s coast, drilling has begun on the Neptun Deep project — a landmark initiative that promises to nearly double Romania’s domestic gas output, turn the country into a net exporter, and bolster energy security across Central and Eastern Europe.The […]

AI Investments Keep Lining Up, But Are We Sure About Returns?

May 17, 2026 Clark Savage194

The AI gold rush is in full swing. Hyperscalers like Microsoft, Amazon, Google, and Meta are pouring hundreds of billions into data centers, chips, and infrastructure to power the next wave of artificial intelligence. NVIDIA just posted record revenues driven almost entirely by AI demand. Yet one question looms large for investors and energy markets […]

Category: Exploration and Production

ExxonMobil’s Position in Guyana Is Making Profits

California Loses Bid to Block Sable Offshore from Pumping Oil

Alaska’s Oil and Gas Revival Picking Up Steam

Northern Oil and Gas Reaches First Deal for Canadian Energy Assets – Strategic Duvernay Entry Strengthens Scale, Diversification, and Long-Term Inventory

Fundamental Changes post Iran in Trading Blocs around the world

AI Could Unlock $500 Billion for Oil and Gas Producers by 2030 — But Only with Accountability

There’s a Party Going on in the Permian Delaware – Reese Energy Consulting

US Rig Count Jumps the Most in Four Years: Oil-Directed Drilling Leads Multi-Week Surge

Romania Drilling for Nat Gas in Black Sea: Neptun Deep Project Set to Transform EU Energy Landscape

AI Investments Keep Lining Up, But Are We Sure About Returns?

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