Wednesday, January 1, 2025
OPEC prepares for its 171st meeting to decide on production cuts

Aramco Expands and Signs Downstream Deals

From Reuters Saudi Aramco plans to boost investments in refining and petrochemicals to secure new markets for its crude, and sees growth in chemicals as central to its downstream strategy to lessen the risk of a slowdown in oil demand. Aramco, the world’s biggest oil producer, is expanding its footprint globally by signing downstream deals and boosting the capacity of

Callon Callon Petroleum Company Announces Closing Of Southern Midland Basin Divestiture And Updates 2019 Guidance Oil & Gas 360

Private Funds Launch New Midland Basin Oil Company

Newly formed DoublePoint Energy LLC holds one of the largest private land positions in the core of the Midland  Double Eagle Energy Holdings III of Ft. Worth and Denver’s FourPoint Energy have formed DoublePoint Energy LLC, a new pure-play Midland Basin company with more than 70,000 acres in Midland, Glasscock, Martin, Howard, Upton and Reagan Counties. The assets of the new company are a combination of Double Eagle’s existing Midland Basin acreage

Northern Oil and Gas Reduces $20 Million of Debt

From Business Wire Northern Oil and Gas, Inc. (NYSE American: NOG) today announced that it has entered into two independent, separately negotiated exchange agreements with institutional holders (the “Investors”) of its 8% senior unsecured notes due 2020 (the “Notes”). Together the agreements represent a debt reduction of $20,950,000 par value of Notes. In the first exchange for the Notes, for

Big Projects Return to the Scene: Exxon Accelerates Liza Phase 1

Stabroek play offers an estimated 3.2 billion BOE Liza Phase 1 Project The Liza phase 1 development is approximately 120 miles offshore of Guyana in water depths of 5000-6200 feet. The play being developed is the Starbroek Block, which is estimated to hold more than 3.2 billion oil-equivalent barrels within its 6.6 million acres. Drilling began in May for the