Photo from Equinor.
Nigeria’s largest deep-water field, Agbami.

Chappal Energies to acquire Equinor’s Nigerian business

Nov. 29, 2023
Nigerian-owned Chappal Energies has agreed to acquire Equinor’s Nigerian business, including its share in Agbami, Nigeria’s largest deep-water oil field.

Mach Natural Resources acquires Anadarko basin assets for $815 million

Nov. 13, 2023
Mach Natural Resources agreed to acquire from EnCap Investment portfolio company Paloma Partners IV LLC certain interests in oil and gas properties, rights, and related assets...

Saudi Aramco net income falls in third quarter on lower oil prices, volumes

Nov. 9, 2023
Saudi Aramco had net income of $32.6 billion for third-quarter 2023, up from $30.1 billion in this year’s second quarter, primarily driven by market prices and volumes sold of...
OPEC surplus crude oil production capacity (million b/d).

EIA: Oil supply disruption risks remain high early 2024

Nov. 8, 2023
The US Energy Information Administration forecasts the Brent crude oil price will increase from an average of $90/bbl in fourth-quarter 2023 to an average of $94/bbl in first-...
Devon Energy Corp.

Devon to focus on Delaware basin capex in 2024

Nov. 8, 2023
After reaching ‘a little deeper into the bullpen’ this year with assessment work elsewhere, executives plan to build on productivity gains in the company's core basin.
SM Energy Co.
Sm Well

SM Energy adds to Midland basin drilling plans

Nov. 6, 2023
A recent asset exchange has given the Denver-based company nearly full control of nine 15,000-ft DUCs.