Sunday, July 13, 2025
Oil & Gas 360 The U.S. energy sector, while not entering a downturn, is facing an extended period of lower oil prices, lower profits and tighter spending, ultimately leading to slower growth, fewer companies and fewer jobs

Oil Giant Total Sees $100 Oil Coming

But high oil prices may not be good for economy, oil companies: CEO From Bloomberg Total SA is among a growing chorus that sees $100 oil on the horizon. But the French energy giant isn’t thrilled about it. Chief Executive Officer Patrick Pouyanne sees supportive elements, such as looming sanctions on Iran and disruptions in Venezuela, that are stripping supply from the

Talos Energy Wins Key Approval: CNH Okays Zama Appraisal Plan

Appraisal program to be completed by mid-2019 Talos Energy Inc. (ticker: TALO) said the Mexican oil & gas regulator, the National Hydrocarbons Commission (CNH), has approved the appraisal plan for the Zama discovery, and CNH is currently reviewing the application for drilling permits. The appraisal plan includes three new reservoir penetrations. This is a key approval required for Talos to

Shell Sees Peak Output for Brazil’s Lula Field In 2020, 2021

From Reuters Brazil’s most productive field, the Lula, located in the offshore Santos basin, should hit peak production in 2020 or 2021, after reaching 1 million barrels of oil equivalent per day next year, an executive at Royal Dutch Shell said on Wednesday. The increase in production next year will be helped by the launch of platforms P-67 and P-69,