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Eni Acquires Four New Blocks Offshore Côte d’Ivoire

Eni and the Ministry of Mines, Oil and Energy of Côte d’Ivoire have signed the contracts for the acquisition of four new offshore...

Nov 29, 20241 min read

AI Could Lift the Oil Industry’s Profits. It’s Happening in the Permian Basin.

Oil drillers are becoming increasingly efficient as new technology takes hold . . Read More: https://www.barrons.com/articles/ai-oil-ind...

Nov 27, 20241 min read

ConocoPhillips closes $22.5 billion deal for Marathon Oil

U.S. shale oil producer ConocoPhillips (COP.N), said on Friday it has completed the $22.5 billion deal to acquire smaller peer Marathon...

Nov 25, 20241 min read

Data-center reliance on fossil fuels may delay clean-energy transition

A spike in electricity demand from the world's big data providers is raising a worrying possibility for the world's climate: a near-term...

Nov 22, 20241 min read

LandBridge Expands in Southern Delaware Basin with $245MM Acquisition

LandBridge is acquiring approximately 46,000 largely contiguous surface acres in the Wolf Bone Ranch from a subsidiary of Vitol-backed...

Nov 20, 20241 min read

European oil giants step back from renewables path

Almost five years ago, BP (BP.L), opens new tab embarked on an ambitious attempt to transform itself from an oil company into a...

Nov 18, 20241 min read

Malaysian Billionaire Ananda Krishnan’s Bumi Armada In Merger Talks With MISC OffShore

Bumi Armada —an oil field services company backed by Malaysian tycoon Ananda Krishan —is exploring a potential merger with state-owned...

Nov 15, 20241 min read

ExxonMobil to Sell Older Permian Assets to Hilcorp in $1B Deal

Exxon Mobil Corp. has reached an agreement to sell its conventional oil drilling assets in the Permian Basin of Texas and New Mexico to...

Nov 13, 20241 min read