(Oil Price) – Chevron is betting on the multi-billion acquisition of Hess Corp to boost its assets with high-quality Guyana acreage where billions of barrels of oil equivalent have been discovered. Chevron’s reserves replacement ratio has dropped in recent years and its oil and gas reserves have now declined to the lowest level in at least a decade, according to a Reuters
Oil Price South Korea’s President Yoon Suk Yeol endorsed on Monday a plan for drilling off the east coast of one of the world’s largest oil and gas importers, to explore what studies say are potentially vast resources of crude oil and natural gas. The area could contain 14 billion barrels of oil and gas, the president told a press
Oil and Gas 360 BIRMINGHAM, AL / ACCESSWIRE / March 21, 2023 / Diversified Energy Company PLC (LSE:DEC) (“Diversified,” “DEC” or the “Company”) is pleased to announce its Final Results for the year ended 31 December 2022 and other recent highlights. Diversified has published to the Company’s website its annual report and accounts for the year ended 31 December 2022 (the
BOE Report Publisher’s Note: Tamarack Valley Energy will be presenting at EnerCom Dallas – The Energy Investment & ESG Conference on April 18-19, 2023. Register to attend. CALGARY, AB, March 1, 2023 /CNW/ – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company“) is pleased to announce its audited financial and operating results for the three months and year ended December 31, 2022 and the results of
CNBC Oil producer group OPEC+ on Thursday decided to stick to its strategy of gradually reopening the taps following reports the U.S. is considering the largest ever draw from its emergency oil reserve. The influential energy alliance of OPEC and non-OPEC partners swiftly agreed to raise its output targets by 432,000 barrels per day from May 1. Energy analysts had
By Tyler Losier, Energy Reporter, Oil & Gas 360 EnerCam Resources receives approval from the Royal Government of Cambodia to develop Petroleum Block VIII EnerCam Resources Co. Ltd., a subsidiary of Canadian mineral company Angkor Gold Corp. (stock ticker: ANK:CA, ANKOF), has received approval from the Royal Government of Cambodia on its application for a 7,300 square kilometer oil and
By Tyler Losier, Energy Reporter, Oil & Gas 360 Cuda Oil and Gas to sell all of its Quebec assets for a transaction value of US $8.05 Million Cuda Oil and Gas Inc. (stock ticker: CUDA), a Calgary-based E&P with operations across North America, has entered into a series of binding asset purchase agreements (APAs) to sell all of its
Largest crude oil demand growth came from Asia, Pacific regions and North America By Bevo Beaven, Editor, Oil & Gas 360 The OPEC oil cartel published its Annual Statistical Bulletin this week. The book highlights some interesting facts from the group’s 14 member countries’ crude oil exploits in 2018: Algeria, Angola, Congo, Ecuador, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya,
By Bevo Beaven, Editor, Oil & Gas 360 Goodrich Petroleum Corporation (stock ticker: GDP, $GDP) reported that its proved oil and natural gas reserves as of December 31, 2018 increased by 12% to 480 billion cubic feet equivalent (“Bcfe”) versus 428 Bcfe at year-end 2017. The present value, using a 10% discount rate of the future net cash flows (the “PV10”), was $418
VAALCO Energy Announces 76% Increase in Proved Reserves at Year-End 2018 and a 2019 Drilling Program to Include Up to Three Development Wells Funded With Cash on Hand and Cash From Operations …
Range Announces 2018 Proved Reserves …
Oil, gas reserves at all-time highs thanks to the liberal use of the drill bit and higher commodities prices Thank you shale revolution: oil and gas reserves are at an all-time high in the U.S., driven by the massive uptick in drilling and production associated with unconventionals—and improved prices. U.S. companies currently hold 42 billion BBL of crude oil and
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