August 5, 2025

Diamondback says it should be Permian’s ‘consolidator of choice’ as oil outlook dims

August 5, 2025

(BOE Report) – Shale driller Diamondback Energy said on Tuesday it should remain the Permian Basin’s “consolidator of choice” as shale activity slows and the company focuses on shareholder returns following its $26 billion merger with Endeavor Energy. “We should naturally be the consolidator of choice as we execute a lower-cost and better overall development strategy,” a key company executive

Big oil’s trading arms struggle to navigate Trump-era volatility

August 5, 2025

(Oil Price) – Over the past decade, scores of Big Oil companies have set up separate trading divisions that frequently rake in billions in profits that help pad their bottom lines whenever oil and gas prices fall. In fact, the oil majors typically handle more barrels than leading commodity traders such as Vitol, Trafigura, Glencore and Mercuria, according to Bloomberg. These

Record production at Exxon and Chevron humbles European rivals: Bousso

August 5, 2025

(BOE Report) – LONDON, Aug 5 – When playing catch up, picking up the pace may not be enough. One also has to hope rivals don’t accelerate. Just ask Europe’s energy majors. Exxon Mobil and Chevron’s bumper oil and gas output in the second quarter served as a sobering reminder to their European rivals of the ferocious challenge the latter face in

Halliburton awarded contract for Northern Endurance Partnership CCS monitoring

August 5, 2025

(World Oil) – Halliburton has secured a contract to provide completions and downhole monitoring services for the Northern Endurance Partnership (NEP) carbon capture and storage (CCS) system in northeast England’s East Coast Cluster (ECC). Halliburton will manufacture and deliver the majority of the equipment required for this project from its U.K. completion manufacturing facility in Arbroath. For more than 50

Analysis-Sliding US rig count outpaces efficiency gains, threatening onshore oil output

August 5, 2025

(Investing) – HOUSTON -The falling number of oil and gas rigs deployed across the United States is reaching a level that would indicate onshore crude output from the world’s top producer could fall in early 2026. U.S. energy companies are producing record amounts of oil, much of it from onshore shale fields. New techniques and technology, like longer lateral wells, automation

Diamondback says it should be Permian’s ‘consolidator of choice’ as oil outlook dims

Big oil’s trading arms struggle to navigate Trump-era volatility

Record production at Exxon and Chevron humbles European rivals: Bousso

Halliburton awarded contract for Northern Endurance Partnership CCS monitoring

Analysis-Sliding US rig count outpaces efficiency gains, threatening onshore oil output

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