But nearly 40% continue to expect spending to rise next year even though executives’ overall outlook remains slightly negative.

At 419 million bbl, US crude oil inventories are about 9% below the 5-year average for this time of year, the EIA report indicated.

From Edge Energy, Prairie Operating agreed to acquire about 11,000 net acres, expanding its Denver-Julesburg basin footprint to about 60,000 net acres.

The deal, agreed to in May, adds 5,000 boe/d of total equivalent production and over 300 gross undeveloped locations for $142 million in cash.

Through the agreement, which closed July 1, 2025, Amplify sold all of its non-operated Eagle Ford working interests for $23 million.

The cargo is destined for global markets, marking the start of operations at Canada’s first large-scale LNG export plant.

The Shenandoah FPS is in the final stages of hook-up and is expected to begin producing oil later this summer.

The newly sanctioned project aims to increase recoverable volumes at the oil field offshore Norway by 40-50 MMboe through the ...

Under the contract, Velesto will assign the NAGA 5 rig to drill a firm 15 wells. Operations are scheduled to begin in June 2025.

Oil was proven in a new segment called the Tubåen formation 1,769 m below the Norwegian continental shelf seabed in 345 m of ...

The contract’s scope of work includes design, execution, and evaluation of multistage hydraulic fracturing treatments deployed across a range of Abu Dhabi assets.

Two new subsea compressors have been installed on the seabed offshore Norway. The aim is to increase the amount of gas ...