August 7, 2025

Civitas divests $435 million in DJ Basin assets, names interim CEO in leadership shift

August 7, 2025

(World Oil)– Civitas Resources announced two major updates on Aug. 6: the reinstatement of a capital return program and a leadership transition that places Board Chair Wouter van Kempen in the role of interim CEO. The company’s Board of Directors has approved a renewed capital allocation strategy aimed at balancing shareholder returns and debt reduction. Civitas plans to allocate future

ConocoPhillips to sell Anadarko assets for $1.3 bln; profit beats estimates

August 7, 2025

(BOE Report)– ConocoPhillips will sell its Anadarko Basin assets for $1.3 billion, the energy producer said on Thursday, after beating Wall Street estimates for second-quarter profit. Shares of the company rose nearly 2% in premarket trade. The asset sale, expected to close at the beginning of the fourth quarter, pushes ConocoPhillips past its $2 billion non-core asset disposition target ahead

Argentina finally emerges as a South American oil powerhouse

August 7, 2025

(Oil Price)– The discovery of the massive Vaca Muerta shale play was a game changer for the economically troubled South American nation of Argentina. The country, which with 2024 gross domestic product of $632 billion ranks as the second largest economy in South America and third largest in the broader region of Latin America, is rapidly becoming one of the region’s

White House looks to oust IEA’s second-in-command

August 7, 2025

(Oil Price)– The United States looks to replace the deputy executive director of the International Energy Agency (IEA), the second-in-command role in the agency that is usually reserved for a U.S. representative, POLITICO’s E&E News reported on Thursday, quoting former U.S. officials and energy industry insiders familiar with the plan. American Mary Burce Warlick is currently the Deputy Executive Director of the

Weekly Gas Storage: Inventories increase by 88 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 7 Bcf

August 7, 2025

Natural Gas Inventories as of August 1, 2025 The EIA has released its natural gas inventory report, showing a net increase of 7 Bcf as of August 1, 2025. Working gas in storage was 3,130 Bcf as of Friday, August 1, 2025, according to EIA estimates. This represents a net increase of 7 Bcf from the previous week. Stocks were

Civitas divests $435 million in DJ Basin assets, names interim CEO in leadership shift

ConocoPhillips to sell Anadarko assets for $1.3 bln; profit beats estimates

Argentina finally emerges as a South American oil powerhouse

White House looks to oust IEA’s second-in-command

Weekly Gas Storage: Inventories increase by 7 Bcf

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