LandBridge Posts Higher Revenue
LandBridge reported $44 million in revenue for Q1.
LandBridge reported $44 million in revenue for Q1.
The drilling unit of the United Arab Emirates' biggest oil company expects to make three acquisitions in the second half of this year totaling about $500 million.
Oman is looking to sell a stake in natural gas assets valued at about $8 billion, according to people familiar with the plan.
Oil rose as short sellers exited and optimism grew ahead of US–China trade talks.
These count toward a divestiture goal of $2 billion that the oil and gas major expects to complete in the first half of 2025.
The U.S. Energy Information Administration lowered its West Texas Intermediate spot average price forecasts for 2025 and 2026 in its latest short term energy outlook.
Proceeds helped the hydrocarbons and chemicals producer repay $2.3 billion of debt.
Ukraine's parliament ratified a deal with the U.S. over access to the country's natural resources.
'U.S. net oil-equivalent production was up 63,000 barrels per day from a year earlier', Chevron noted.
The Calgary-based oil sands developer, which also explores for and produces oil and gas offshore, produced 853,200 bpd upstream and sold 604,900 bpd of refined products in Q1.