Exploration & Production

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Chevron Forecasts up to $2.2 Billion Rise in Upstream Earnings From Higher Q1 Prices

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, US News / By

  (Reuters) – Chevron  said on Thursday it expected a $1.6 billion boost to $2.2 billion to its first-quarter upstream earnings versus the fourth ​quarter of 2025, driven by surging oil and gas ‌prices from volatility linked to the Iran war. The conflict, which began on February 28, sent oil prices skyrocketing as much as 65%, …

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Exxon Signals Q1 Upstream Profit Bump From Iran War, Downstream Boost in Later Quarters

Energy Topics & Technology, Exploration & Production, Latest, Oil, US News / By

Summary Upstream earnings could gain from higher oil and gas prices Exxon to release full Q1 results on May 1 Downstream earnings hit by timing effects, but Exxon expects profits to rebound in later quarters CFO Hansen says negative impacts from ​trading program are temporary and will unwind over time (Reuters) – Higher oil and …

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U.S. Shale Drillers Seen Lifting Crude Output on Hormuz-Driven Price Rally

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Natural Gas, Oil, Shale, US News / By

It may take months to begin to see the uptick in production from shale fields in places like the Permian Basin By David Wethe and Kevin Crowley United States shale drillers are expected to follow President Donald Trump’s call for higher oil production — but not just because he said so. The 68 per cent …

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WATCH: Venezuelan Opposition Leader MARIA CORINA MACHADO Speaks at CERAWeek – Proposes to “Unlock” Venezuelan Oil and Have Govenrment Get Out of the Way

Conventional Energy, Energy Topics & Technology, EnergyNow News and Press Releases, Exploration & Production, Latest, Oil, US News / By

Venezuelan opposition leader and Nobel Laureate Maria Corina Machado addresses delegates at the 44th annual CERAWeek by S&P Global in Houston the week of March 23, 2026. Top oil executives, senior U.S. government officials and influential policymakers from around the world are gathering in Houston, Texas, for S&P Global’s annual CERAWeek conference. The gathering took …

WATCH: Venezuelan Opposition Leader MARIA CORINA MACHADO Speaks at CERAWeek – Proposes to “Unlock” Venezuelan Oil and Have Govenrment Get Out of the Way Read More »

Oil, Gas Exploration is Back: Energy Giants Hunt to Replenish Reserves

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Natural Gas, Oil, US News / By

(Reuters) – Global energy companies are getting back to basics and focusing on the hunt for new sources of oil and gas, executives declared at the CERAWeek conference in Houston this week, ending years of underinvestment in exploration. In recent years, the shale revolution in the U.S. promised abundant, flexible supply, while growth in renewable …

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TotalEnergies to Honour All LNG Contracts Despite Qatar Outages

CDN and International News, Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, LNG / By

By Forrest Crellin and Shadia Nasralla PARIS, March 26 (Reuters) – TotalEnergies’ (TTEF.PA) CEO Patrick ‌Pouyanne said on Thursday that the company made a decision not to declare force majeure to any of its liquefied ​natural gas customers, and that it would respect ​all the LNG contracts in terms of ⁠price and volume. Qatar, the …

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Trump Officials Tout US Energy Dominance as Global Oil Execs Warn of Supply Crisis

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, US News / By

(Reuters) – U.S. officials this week said the historic spike in fuel prices during the war in Iran will be short-term and trumpeted record U.S. production at an industry conference where oil executives and government officials from Asia, the Middle East and Europe bemoaned the worst oil and gas supply disruption in decades. The contrasting …

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Trump Administration Alaska Lease Sale Attracts $163 Million From Major Oil and Gas Players

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, US News / By

  The U.S. government on Wednesday held its most successful sale ever of oil and gas drilling rights in Alaska’s National Petroleum Reserve, attracting $163 million in winning bids from industry players including ExxonMobil, ConocoPhillips, Repsol and Shell. The sale appeared to show pent-up demand from drillers for acreage in the reserve after more than six years without …

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Ranked: The Top Crude Oil Producers in 2025 – Visual Capitalist

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, US News / By

By Gabriel Cohen | Editing Niccolo Conte | Design Sabrina Lam Key Takeaways The U.S. was the world’s largest crude oil producer in 2025, pumping 13.58 million barrels per day. Five of the world’s top 10 crude oil producers are in the Middle East. Russia and Saudi Arabia ranked second and third globally, each producing …

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Iran War Spurs a Surge in Stock Sales From US Shale Companies

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Natural Gas, Oil, Shale, US News / By

By Anthony Hughes Oil drilling rigs near Stanton, Texas. Photographer: Justin Hamel/Bloomberg Stock sales by US-listed oil and gas producers are making March the sector’s busiest month in more than six years as the war in Iran whips up volatility and stalls capital-raising activity from other corners of the market. With West Texas Intermediate crude …

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