Exploration & Production

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Venture Global’s Quarterly Core Profit Nearly Triples on Higher LNG Sales Volumes

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

Venture Global said on Monday its adjusted core profit nearly tripled in the fourth quarter, due to higher LNG sales volumes at the Plaquemines Project in Louisiana, sending its shares up nearly 9% in premarket trading. In 2025, the U.S. became the first country to export more than 100 million metric tons (mmt) of liquefied …

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Saudi Arabia Boosts Oil Output, Exports for US Attack on Iran Contingency, Sources Say

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

(Reuters) – Saudi Arabia is increasing its oil production and exports as part of a contingency plan in case any U.S. strike on Iran disrupts supplies from the Middle East, two sources familiar with the plan said on Wednesday. The Saudi government media office did not immediately respond to a request for comment on the …

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Chevron Sells Venezuelan Oil to India’s Reliance for the First Time Since 2023, Ship Data and Sources Say

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

HOUSTON, Feb 24 (Reuters) – U.S. oil major Chevron (CVX.N) has sold its first cargo of Venezuelan crude oil to India’s Reliance Industries (RELI.NS) since December 2023, according to ship tracking data and two sources. Chevron (CVX.N) negotiated the Boscan crude cargo to Reliance this month, marking the first sale of the heavy oil, which …

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Continental Resources Says Argentina Shale Resource Could be ‘Another Permian’

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

(Reuters) – Argentina’s shale oil resource could be similar in size to that of the Permian Basin, the top oilfield in the U.S., Continental Resources CEO Doug Lawler said on Tuesday. Argentina’s projections show that oil output could reach 1.5 million to 2 million barrels per day in the next few years, but the U.S. …

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ConocoPhillips Considers Selling Permian Assets Worth $2 Billion, Bloomberg News Reports

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

(Reuters) – ConocoPhillips is exploring a sale of some of its Permian Basin assets as part of a broader streamlining of its portfolio, Bloomberg News reported on Friday, citing people familiar with the matter. The assets, picked up over the years through deals with Concho Resources and Shell, are expected to fetch about $2 billion, …

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Shell Says US General Licenses for Exploration in Venezuela Will Allow it to Progress with Dragon Natural Gas Project

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

By Curtis Williams and Shadia Nasralla US licenses enable Shell’s Dragon gas project progress Dragon project faced delays due to US policy shifts Shell aims to export gas via Atlantic LNG in Trinidad HOUSTON/LONDON, Feb 19 (Reuters) – General licenses for oil and gas exploration in Venezuela issued by the U.S. this month will allow …

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US Refiners Phillips 66, Citgo Seek to Buy Crude Directly From Venezuela, Sources Say

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

By Nicole Jao, Arathy Somasekhar and Marianna Parraga Phillips 66, Citgo seek to purchase directly starting in April, Valero later in the year Venezuelan crude prices ease amid US Gulf Coast supply surge Direct purchases may face challenges under general license HOUSTON, Feb 18 (Reuters) – U.S. refiners Phillips 66 and Citgo Petroleum are seeking …

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BP’s Buyback Cut is Short-Term Pain That Could Be Shell’s Gain: Bousso

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

(Reuters) – BP’s decision to scrap buybacks may be painful in the short run, but by prioritising production growth over shareholder payouts it can begin to repair its shaky financial footing. Cutting buybacks marks the most significant shift in BP’s financial framework since it halved its dividend in August 2020 following the pandemic-driven collapse in …

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Chevron Buys West Texas Ranch in ‘Zombie’ Oil Well Settlement

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

By David Wethe and Kevin Crowley Chevron Corp. acquired a ranch in West Texas whose owner had been waging a legal battle accusing the US energy giant of negligently spilling toxic water and crude oil on the 22,000-acre property. The sale of Ashley Watt’s Antina Ranch was recorded on Feb. 3 by the Crane County …

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Saudi, US Firms to Partner on Northeast Syria Energy Project

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

By Timour Azhari [image] Saudi, US firms to explore oil and gas in northeast Syria Project follows Assad’s ousting, lifting of US sanctions Consortium includes Baker Hughes, Hunt Energy, ACWA Power, TAQA, Argent LNG RIYADH, Feb 10 (Reuters) – Two Saudi Arabian and three U.S.-based firms are set to form a consortium for oil and …

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