Friday, May 23, 2025
Zephyr Energy clears key regulatory hurdle to progress well drilling project in Utah- oil and gas 360

Zephyr Energy clears key regulatory hurdle to progress well drilling project in Utah

World Oil (WO) – Rocky Mountain-based oil and gas company Zephyr Energy plc has received state and federal Sundry Notice approvals for the amendment of the drilling permit related to the forthcoming “twinned” redrill of the State 36-2 well. These are the final regulatory approvals required for the company to spud the State 36-2R well on its project in the

U.S. firms slow hiring for ESG roles- oil and gas 360

U.S. firms slow hiring for ESG roles

Oil Price The American bubble of hiring managers in environmental, social, and governance roles is starting to bust amid pressures for firms to cut costs and backlash from investors against ESG. The number of departures in ESG roles exceeded arrivals in six of last year’s 12 months, per data from employment data provider Live Data Technologies cited by The Wall Street

California Resources Corporation to Combine with Aera Energy- oil and gas 360

California Resources Corporation to combine with Aera Energy

Oil and Gas 360 Transaction highly accretive across key 2024E financial metrics Complementary assets to significantly scale E&P business and expand leading carbon management platform LONG BEACH, Calif.–(BUSINESS WIRE)– California Resources Corporation (NYSE: CRC) today announced the signing of a definitive merger agreement to combine with Aera Energy, LLC (Aera) in an all-stock transaction. The transaction values Aera at approximately $2.1

QatarEnergy to increase production from Qatar’s largest oil field with $6 billion contract packages- oil and gas 360

QatarEnergy to increase production from Qatar’s largest oil field with $6 billion contract packages

World Oil (WO) – QatarEnergy has announced the award of the four main Engineering, Procurement, Construction, and Installation (EPCI) contract packages related to the next development phase of the offshore Al-Shaheen field (Qatar’s largest oil field) to increase production by about 100,000 bopd. The award is part of Project Ru’ya (vision in Arabic), which is the third phase of Al-Shaheen’s

Baker Hughes annual meeting: Simonelli sets agenda for “energizing change”- oil and gas 360

Baker Hughes annual meeting: Simonelli sets agenda for “energizing change”

World Oil (WO) – As the Baker Hughes Annual Meeting entered its first full day in Florence, Italy, on Monday, the firm’s Chairman, President and CEO, Lorenzo Simonelli (Fig. 1), set out an agenda for what he calls “energizing change,” for both his company and the industry as a whole. “It all begins with people,” quipped Simonelli. “People first; people

Hedge fund calls on bp to increase oil and gas investment, cut renewable spending- oil and gas 360

Hedge fund calls on bp to increase oil and gas investment, cut renewable spending

World Oil (Bloomberg) – Hedge fund Bluebell Capital Partners called on bp Plc to bolster investments into oil and gas and cut spending on renewable energy, saying the company’s shift away from fossil fuels is misguided and weighing on the share price. bp should spend $1.5 billion a year more through 2030 on oil and gas production and halt any