Friday, July 18, 2025
OPEC

OPEC Influence May Crumble Sooner than Later: Storm Clouds Billowing Over Members

Venezuela, Nigeria, Iraq, Iran face strong uncertainty near-term; IPO diluting Saudi loyalty to OPEC Just when OPEC seems to have finally found success in chipping away at a global oil glut with its production cuts helping to rebalance the global oil market and lift prices, the group’s near-term future is anything but certain. Several member countries will likely face challenges

$52 Oil Pushes Up Rig Count

Offshore activity highest since July Oil and gas activity increased this week, reversing three weeks of decline, according to the latest Baker Hughes Weekly Rig Count. Five rigs became active this week, meaning there are now 940 rigs operating in the U.S. Gains were split between land and offshore operations, as each added three rigs. One inland waters rig shut

Chevron

Chevron Announces New Chairman and CEO

John Watson steps down after eight years Chevron (ticker: CVX) is changing the guard, and chairman and CEO John Watson will retire on February 1. Watson has worked at Chevron for 37 years, and has been chairman and CEO since 2010. He joined Chevron in 1980 as a financial analyst and went on to hold financial, analytical and supervisory positions

Top Five Permian Companies Hold ~9.4 Million Acres in the Basin

Permian acreage positions don’t tell the whole story Companies continue to race into the Permian, jockeying for acreage and buying up increasing positions in the world’s most popular unconventional basin. The Permian is an oil basin that has produced almost a century as a conventional play and now that the shale phenomenon has found the Permian, recent estimates say the

Yuma Energy Upsizes, Prices Public Stock Offering

Capital heading to the Permian: company’s first Horizontal San Andres well Yuma Energy, Inc. (ticker: YUMA) has upsized and priced an underwritten public offering of its common stock, consisting of 9,600,000 shares of common stock at a public offering price of $1.00 per share for aggregate gross proceeds of $9,600,000, before expenses. Yuma also granted the underwriters a 30-day option to purchase up to

DAPL Moves Towards Completion, “Keep it in the Ground” Gets Crazier

New 650-Mile NGL Pipeline from Permian Basin to Corpus Christi: EPIC Pipeline Secures Capacity Agreement with BP Energy, Locks Capital Commitment

220,000 BPD pipe: targeting early 2018 for initial phase in-service date EPIC Y Grade Pipeline, LP, a subsidiary of EPIC Y Grade Services, LP and EPIC Midstream Holdings, LP, has signed a definitive agreement with BP Energy Company to anchor a new 650-mile natural gas liquids (NGL) pipeline that will be known as “EPIC NGL Pipeline,” which will link producers’

Oil & Gas 360 is Evolving: Subscribe Before Oct. 1

Since its inception more than seven years ago, Oil & Gas 360 has been a leader in the delivery of energy-related news, analysis, and commentary on an industry we love.  Our goal at Oil & Gas 360 is, and always has been, to interpret the myriad of interactions in the market and consolidate it into a meaningful, insightful, and high-quality

U.S. LNG Players Announce Updates; Cove Point Plans to Begin Shipments in Q4 2017

Liquefied natural gas, long the domain of foreign producers like Qatar, has come to the U.S., with many LNG projects in the works. In general, these projects are progressing quickly, and several have released recent updates on their operations. Cove Point on schedule to become second U.S. project to begin exports While most planned LNG facilities are located in either