Monday, November 10, 2025
Shell abandons two major UK offshore wind projects- oil and gas 360

Shell abandons two major UK offshore wind projects

(Oil Price) – Shell has exited two offshore wind power projects in Scotland as the world’s top oil and gas firms continue to scale back their investment and involvement in renewable energy. Shell has ditched plans to build two wind farms offshore Scotland, days after announcing it is withdrawing from the Atlantic Shores Offshore Wind project in the United States. Offshore

Chevron investor day puts spotlight on post-Hess strategy- oil and gas 360

Chevron investor day puts spotlight on post-Hess strategy

(BOE Report) – When Chevron executives and top shareholders convene in New York City on Wednesday for the oil producer’s investor day, portfolio managers will be eager to hear CEO Mike Wirth’s plan to finally reap rewards from the Hess acquisition and begin a new phase of growth. The event is lining up to be a victory lap for Wirth after the

Oil edges higher as US shutdown talks advance, oversupply concerns persist- oil and gas 360

Oil edges higher as US shutdown talks advance, oversupply concerns persist

(Investing) – LONDON -Oil prices edged higher on Monday as investors assessed moves aimed at ending the U.S. government shutdown while concerns around oversupply in the crude market persisted. Brent crude futures rose 43 cents, or around 0.7%, to $64.06 a barrel by 1409 GMT. U.S. West Texas Intermediate crude was at $60.18 a barrel, also up about 43 cents or 0.7%. The U.S.

Mach Natural Resources grows production, boosts efficiency with Permian and San Juan assets- oil and gas 360

Mach Natural Resources grows production, boosts efficiency with Permian and San Juan assets

(World Oil)– Mach Natural Resources LP reported steady third-quarter 2025 results, highlighting production growth, new well success, and disciplined capital spending. The company averaged 94,000 boed, generated $273 million in total revenue, and reported Adjusted EBITDA of $124 million for the quarter. The quarter included the closing of two acquisitions in the Permian basin and San Juan basin on Sept.

Petrobras Hikes Dividend as Production Surge Offsets Lower Oil Prices- oil and gas 360

Petrobras hikes dividend as production surge offsets lower oil prices

(Oil Price)– Petrobras will be paying higher dividends for the third quarter compared to the second quarter as production and earnings jumped sequentially, the Brazilian state-owned oil giant said. Petrobras booked a net income of $6 billion for the third quarter, up by 2.7% on the year and a 27.3% jump on the quarter, despite the decline in oil prices. Higher production

Civitas Resources boosts production, lowers costs ahead of SM Energy merger- oil and gas 360

Civitas Resources boosts production, lowers costs ahead of SM Energy merger

(World Oil)– Civitas Resources Inc. reported strong financial and operating results for the third quarter of 2025, driven by higher production, lower costs, and continued balance sheet strength. The company earned net income of $177 million, generated $860 million in operating cash flow, and achieved Adjusted EBITDAX of $855 million, exceeding internal forecasts. Oil and total production volumes rose 6%

Exxon Mobil CEO says hydrocarbons will remain critical for long time- oil and gas 360

Exxon Mobil CEO says hydrocarbons will remain critical for long time

(BOE Report)– Hydrocarbons will continue to play a critical role for a long time to come, the CEO of U.S. energy company Exxon Mobil said on Friday, adding that the question would be whether they continue to be burned as fuel. “Crude oil and hydrocarbons are going to play a critical role in everybody’s life for a long time to come,”

U.S. shale operators defy $60 oil to sustain production growth- oil and gas 360

U.S. shale operators defy $60 oil to sustain production growth

(World Oil) – U.S. shale companies are forging ahead with their production plans, adapting to $60 oil prices while grinding out small increases and setting up the industry to add to next year’s record supply glut. Diamondback Energy Inc., Coterra Energy Inc. and Ovintiv Inc. this week announced plans to raise output slightly for this year or 2026 despite oil

Hungary makes historic switch to American nuclear fuel- oil and gas 360

Hungary makes historic switch to American nuclear fuel

(Oil Price) – Hungary will buy U.S. nuclear fuel for the first time to use at a Russia-built nuclear power plant in the country, Hungarian Foreign Minister Peter Szijjarto said ahead of a meeting of the U.S. and Hungarian leaders. Szijjarto is part of a large Hungarian delegation led by Prime Minister Viktor Orban who is meeting with U.S. President Donald

US urges Europe to stick to oil and gas, not renewables- oil and gas 360

US urges Europe to stick to oil and gas, not renewables

(Investing) – ATHENS  -Global investments in renewable energy aren’t bearing fruit and the world should focus on securing reliable supplies of fossil fuels, U.S. energy and interior secretaries said this week as they worked on convincing Europe to buy more U.S. oil and gas. The U.S. has become Europe’s top oil and gas supplier on the back of the U.S. shale

ConocoPhillips lifts Willow project cost to $9 billion, delays start to 2029- oil and gas 360

ConocoPhillips lifts Willow project cost to $9 billion, delays start to 2029

(World Oil)– ConocoPhillips raised its total spending plans for the Willow oil and natural gas project in Alaska to as much as $9 billion, citing inflation and other rising costs. The Houston oil giant, which initially estimated that its spending on the North Slope project was in the range of $7 billion to $7.5 billion, now expects oil production there

ExxonMobil expands exploration footprint offshore Greece- oil and gas 360

ExxonMobil expands exploration footprint offshore Greece

(Oil Price)– ExxonMobil is expanding its exploration portfolio offshore Greece with a new farm-in agreement for a block in the northwestern Ionian Sea. ExxonMobil, Energean, and Helleniq Energy have reached a farm-in agreement under which the U.S. supermajor will buy 60% in the Block 2 concession in the northwestern Ionian Sea, next to the Italian Exclusive Economic Zone (EEZ), Energean said on