Saturday, March 14, 2026
Asset Sales, debt reduction and gas growth mark Q4 E&P moves- oil and gas 3600

Asset Sales, debt reduction and gas growth mark some Q4 E&P moves

(By Oil & Gas 360) – Capital discipline continues to define strategy across the U.S. energy sector. SM Energy announced an agreement to sell its South Texas assets to Caturus Energy for $950 million, further streamlining its portfolio and reinforcing liquidity. The transaction reflects an industry trend toward concentrating capital in core operating areas while monetizing non-core positions. Occidental Petroleum

TotalEnergies sees slight profit increase on higher oil output- oil and gas 360

TotalEnergies sees slight profit increase on higher oil output

(World Oil)– TotalEnergies SE said its third-quarter profit and cash flow may rise slightly after oil and gas output increased and refining margins jumped from a year earlier, outweighing a drop in crude prices. Despite a drop in oil price of $10 per barrel year-on-year, the results and cash flow from business segments should be flat to 5% higher thanks

Shale drillers leveraging $42B in new bonds to retire costlier debt- oil and gas 360

Shale drillers leveraging $42B in new bonds to retire costlier debt

World Oil HOUSTON (Bloomberg) –Shale drillers — some of them just emerging from bankruptcy — racked up a staggering $42 billion in new debt in the first half of the year. It’s not what you think. America’s oil explorers aren’t repeating the costly mistakes that landed them in hot water with investors, left them almost entirely shut out of debt

Exxon’s focus on debt reduction disappoints shareholders looking for buybacks- oil and gas 360

Exxon’s focus on debt reduction disappoints shareholders looking for buybacks

World Oil HOUSTON (Bloomberg) –Exxon Mobil’s knockout second-quarter results did little to entice investors because much of the extra cash coming from soaring energy and petrochemical prices will be used to pay down debt rather than reward shareholders. The oil giant and rival Chevron Corp. swung to their biggest profits since pre-pandemic days, fueled in large part by stellar performances

Big Oil's $110 billion asset sale target could prove big ask- oil and gas 360

Big Oil’s $110 billion asset sale target could prove big ask

Reuters LONDON – Leading energy companies are hoping to sell dozens of oil and gas fields and refineries worth more than $110 billion to curb both their ballooning debt and their carbon footprints. But with the outlook for oil and gas prices uncertain because of the coronavirus pandemic and a shift to cleaner energy, finding buyers and striking deals might

Occidental Petroleum to reduce debt before boosting oil output: CEO Hollub- oil and gas 360

Occidental Petroleum to reduce debt before boosting oil output: CEO Hollub

Reuters Occidental Petroleum expects oil and gas output to dip in the second half of the year and will not boost production until it “significantly” reduces debt, Chief Executive Vicki Hollub said on Tuesday. The company has been struggling with debt taken on during its $38 billion acquisition of Anadarko Petroleum last year, an ill-timed bet on oil prices rising.