Exploration & Production

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Continental Signs Venezuela Oil Block Deal With PDVSA

Sept 16 (Reuters) – U.S. oil ​producer Continental ‌Resources on ​Wednesday ​signed a memorandum ⁠of ​understanding ​with Venezuela’s state-run Petroleos ​de ​Venezuela, S.A. (PDVSA) to ‌develop ⁠the Ayacucho 2 ​block ​in ⁠the Orinoco ​Belt. Reporting ​by ⁠Sumit Saha ⁠in ​Bengaluru; ​Editing by ​Diti Pujara

Argentina Escalates Legal Push Against Falklands Oil Exploration Firms

(Reuters) – Argentina will file new legal complaints against companies exploring for oil near the Falkland Islands, the government said on Tuesday, escalating Buenos Aires’ campaign against businesses operating in the British overseas territory. The move is part of a broader push by President Javier Milei’s government, which is also preparing legislation this week to …

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Chevron to Fund $7 Billion Venezuela Investment With Revenue From Existing Operations, CEO Says

(Reuters) – Chevron’s planned $7 billion investment in Venezuela will come entirely from cash generated by the U.S. oil major’s three existing joint ventures in the country, not new outside capital, CEO Mike Wirth said on Friday. “We’ll live entirely within the means of those ventures’ ability to generate cash, not bring in cash from …

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Norway Oil and Gas Exploration Round Attracts Bids From 21 Firms, Including Shell

(Reuters) – Norway’s energy ministry said on Friday it has received applications from 21 oil and gas companies seeking exploration acreage in the government’s annual mature-areas (APA) licensing round. The number of companies rose by one from last year’s APA round, as Shell made a comeback after being absent in 2025, the list of applicants …

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Occidental Sees Flat Spending, Output in 2027, Keeps Focus on Debt Reduction

(Reuters) – U.S. oil producer Occidental Petroleum said on Thursday it expects flat production and capital spending in 2027, adding that it would continue to prioritize debt-reduction efforts. Speaking on a post-earnings conference call, Chief Financial Officer Sunil Mathew said the company expects the starting point for capital spending to be $5.9 billion in 2027, …

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Occidental Announces Second Quarter 2026 Results

HOUSTON, Aug. 05, 2026 (GLOBE NEWSWIRE) — Occidental (NYSE: OXY) today announced its second quarter 2026 financial results. The earnings release and accompanying financial schedules can be accessed via the Investor Relations section of the company’s website at oxy.com. The earnings release is also available on the U.S. Securities and Exchange Commission’s website at sec.gov. The company will hold a …

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Diversified Energy Reports Second Quarter 2026 Results

BIRMINGHAM, Ala., Aug. 05, 2026 (GLOBE NEWSWIRE) — Diversified Energy Company (“Diversified”, “DEC”, or the “Company”) (NYSE: DEC, LSE: DEC) is pleased to announce its financial and operational results for the three and six months ended June 30, 2026. Recent Highlights Closing of Camino Acquisition: Expansion in Oklahoma through the Camino acquisition, a bolt-on to our …

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APA Corporation Announces Second-Quarter 2026 Financial and Operational Results

HOUSTON, Aug. 05, 2026 (GLOBE NEWSWIRE) — APA Corporation (Nasdaq: APA) today announced second-quarter 2026 results. Results can be found on the company’s website by visiting www.apacorp.com or investor.apacorp.com. APA will host a conference call on Thursday, Aug. 6, at 10 a.m. Central time via the webcast link available on the company website to discuss the results. Following …

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Ring Energy Releases Second Quarter 2026 Results, Advances Development Program and Provides Initial 2027 Outlook

Strengthened Balance Sheet, Operational Progress and Encouraging Well Results Support Ring’s Transition to Its Next Phase of Value Creation THE WOODLANDS, Texas, Aug. 05, 2026 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today reported operational and financial results for the second quarter of 2026, announced an expanded development program …

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South Bow Reports Second-quarter 2026 Results and Declares Dividend

CALGARY, Alberta, Aug. 05, 2026 (GLOBE NEWSWIRE) — South Bow Corp. (TSX & NYSE: SOBO) (South Bow or the Company) reports its second-quarter 2026 financial and operational results. Unless otherwise noted, all financial figures in this news release are presented in U.S. dollars. Highlights Safety and operational performance Recorded second-quarter 2026 average throughput of approximately …

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