Tag: upstream

Exploring Upstream Natural Gas Valuations: A Year of Significant Changes

Upstream Natural Gas Valuations: A Big Year The electron precedes the molecule or so the saying goes. Well, that is not really an axiom to my knowledge, but it does seem to fit. Amid the uncertainty in oil markets, for the past year or so, optimism and valuation metrics for natural gas producers have steadily […]

The Permian Basin Still Has More to Offer

The Permian Is Not Done Yet Back in 2017, oil production in the Permian stood at 2.2 million barrels daily. Today, the Permian is producing over 6 million barrels daily, accounting for nearly half of the U.S. total. Predictions of a looming peak have lately multiplied, but according to Wood Mackenzie, the Permian is not […]

Rig Count Levels Off as Oil Prices Rebound

Rig Count Stabilizes Amid Oil Price Recovery The total number of active drilling rigs for oil and gas in the United States rose this week following the recent price slide, according to new data that Baker Hughes published on Thursday, following a large 7-rig dip in the prior week. The total rig count in the […]

Oil Rig Count Declines as WTI Drops Below $70

Oil Rig Count Lags As WTI Falls Below $70 The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, following a 1 rig gain in the prior week. The total rig count in the US fell by […]

[Latest] Growth Trends in Brazil’s Offshore Oil & Gas Upstream Market

[Latest] Brazil Offshore Oil & Gas Upstream Market: Growth Brazil Offshore Oil & Gas Upstream Market New Jersey, United States,- Brazil Offshore Oil & Gas Upstream Market The growth is attributed to the country’s extensive offshore oil reserves, particularly in the pre-salt fields, and the increasing demand for oil and gas production. The market’s expansion […]

North American Energy Opportunities Corp. Enhances Upstream Oil & Gas Portfolio with Acquisition of Equus Energy, LLC

North American Energy Opportunities Corp. Acquires Equus Energy, LLC, Strengthening its Upstream Oil & Gas Portfolio MANHATTAN, N.Y., March 14, 2025 /PRNewswire/ — North American Energy Opportunities Corp. (NAEOC), a developer of energy assets, today announced the acquisition of Equus Energy, LLC, a wholly-owned subsidiary of Equus Total Return, Inc. This strategic acquisition enhances NAEOC’s […]

Russia Poised to Restart Oil and Gas Activities in Iraqi Kurdistan

Russia Set to Resume Oil & Gas Operations in Iraqi Kurdistan  Russia is to restart its key oil and gas operations in the semi-autonomous Kurdistan Region of Iraq (KRI) according to recent comments from its Energy Minister Sergei Tsivilev. From 2017 until the forced removal of President Bashar al-Assad of Syria, Moscow’s extensive energy operations […]

Drop in US Oil and Gas Rig Count

US Oil, Gas Rig Count Falls The total number of active drilling rigs for oil and gas in the United States slipped this week, according to new data that Baker Hughes published on Friday, after a 1-rig increase in the week prior. The total rig count fell by 1 rig, to 592, according to Baker […]

Prime Energy CEO Appointed Chair of Upstream Oil and Gas Association

Prime Energy CEO elected chair of upstream oil, gas group Donnabel Kuizon Cruz, president and CEO of Prime Energy, has been elected chairperson of the Philippine Petroleum Association of the Upsteam Industry (Oil & Gas), Inc. (PAP). PHOTO FROM PRIME ENERGY MANILA, Philippines—Donnabel Kuizon Cruz, president and CEO of Prime Energy, has been elected chairperson […]

U.S. Upstream Oil and Gas: Dealmaking Reaches $105 Billion in 2024 – Insights and Data

U.S. Upstream Oil and Gas: Dealmaking Hits $105 Billion in 2024 – News and Statistics Jan 29, 2025 The U.S. upstream oil and gas sector witnessed remarkable dealmaking activities amounting to $105 billion in 2024, ranking as the third highest annual total recorded. According to a report by consultancy Enverus, the industry’s momentum decelerated in […]