Exploration & Production

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Diamondback Energy, Inc. Announces Second Quarter 2025 Financial and Operating Results

Energy Topics & Technology, Exploration & Production, Latest, Press Releases / By

MIDLAND, Texas, Aug. 04, 2025 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the second quarter ended June 30, 2025. SECOND QUARTER 2025 AND RECENT HIGHLIGHTS Average oil production of 495.7 MBO/d (919.9 MBOE/d) Net cash provided by operating activities of $1.7 billion; Operating Cash …

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BP Strikes Major Oil Discovery Offshore Brazil, Its Largest in Decades

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

(Reuters) – BP said on Monday it has made its largest oil and gas discovery in 25 years in Brazil’s Santos basin, a so-called pre-salt area in deep water offshore which is believed to be a large reservoir of oil and gas. BP returned its focus to fossil fuels last year to regain investor confidence and revive …

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OPEC+ Agrees in Principle to Another Large Oil Output Hike, Sources Say

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

Summary Sept hike of 548,000 bpd agreed, sources say ahead of meeting Virtual meeting starts at 1100 GMT on Sunday Oil supported by US demands for India to stop buying Russian oil (Reuters) – OPEC+ has reached a preliminary deal to increase oil production by 548,000 barrels per day from September, three sources said on …

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Chevron Tells Hess Staff to Focus on Safety as They Await Job Updates

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Mergers and Acquisitions, Oil, Pinned Primary, US News / By

(Reuters) – Chevron  leaders told Hess employees to stay focused on safe operations and that they will hear next week if they will continue to have jobs following the oil producer’s acquisition, according to two Hess employees who spoke with Reuters. Chevron, the second-largest U.S. oil producer, closed its $55 billion acquisition of Hess on Friday after prevailing …

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CW Petroleum Corp (OTCQB: CWPE) Reports Revenues for Q2-2025

Energy Topics & Technology, Exploration & Production, Latest, Press Releases / By

Katy, Texas, July 22, 2025 (GLOBE NEWSWIRE) — CW Petroleum Corp (OTCQB: CWPE) (the “Company”), a leading provider of Specialty Renewable and Hydrocarbon Motor Fuels, today announces to its investors and future investors unaudited financial results for Q2-2025. Key Financial Highlights for Three Months Ended June 30, 2025, Compared to Prior Year Period: 2025 Revenues …

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Shell Says Weak Oil and Gas Trade Hit Second-Quarter Profit

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

Shell Plc expects second-quarter results to be negatively impacted by a weaker performance from its oil and gas trading operation, with earnings from the division expected to be “significantly lower” quarter-on-quarter. The company’s shares declined to a four-week low following the announcement, with European peers BP Plc and TotalEnergies SE also falling. Shell’s trading update …

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US Crude Oil Output Hit Record in April, EIA Data Shows

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

U.S. crude oil production hit a record 13.47 million barrels-per-day in April, up from 13.45 million bpd in March, according to data released by the Energy Information Administration as part of its Petroleum Supply Monthly series. The EIA had previously estimated U.S. oil output at 13.49 million bpd in March. Total U.S. petroleum product supplied, …

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IT’S BACK! Everything We Know About LANDMAN Season 2

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

“As long as there are stories to tell, I would love to keep telling them,” co-creator Christian Wallace said. Now that Taylor Sheridan’s new show Landman has aired its season finale, fans are already eager to know if the Texas-set drama will be back for a second season on Paramount+. In March, the streamer officially confirmed a Landman season 2 after …

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US Shale Producers Unlikely to Heed Trump’s Call to “Drill, Baby, Drill” as Rally Fades

Conventional Energy, Energy Commentary, Energy Topics & Technology, Exploration & Production, Latest, Oil, Tri-Pinned, US News / By

US shale oil producers are unlikely to increase production in response to President Donald Trump’s call to “Drill, Baby, Drill” and will instead prioritize hedging contracts to lock in revenue. Companies are wary of being caught off guard by another false start in global crude markets and will not spend heavily on new drilling without …

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Oil Demand Growth to Continue, No Peak in sight, OPEC Secretary-General Says

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

Oil demand growth will remain robust over the next two and a half decades as the world population grows, OPEC Secretary General Haitham Al Ghais said on Tuesday. The organization expects a 24% increase in the world’s energy needs between now and 2050, with oil demand surpassing 120 million barrels per day over that time …

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