Rigzone Industry News

TotalEnergies SE's chief executive officer has plenty of reasons to antagonize the French government with the possibility of moving its stock listing to Wall Street.

Oil climbed after government data showed a decline in US stockpiles, signaling a tighter physical market.

The company's crude oil, natural gas, and natural gas liquids (NGL) sales for the first quarter were up 18 percent from the previous quarter.

The company now expects to average 102,000 to 107,000 bpd for 2024 oil production.

'This transaction allows us to realize value for these non-core assets which had limited impact in the company's future plans'.

Kimmeridge assailed SilverBow's acquisition record and nominated three names for independent director roles, after SilverBow rejected a proposed merger with an oil and gas producer owned by Kimmeridge.

The country has already found success in deepwater development, analysts at BMI highlighted.

Venezuela is allowing a small startup to import fuels.

Production for the quarter was above the upper end of its first quarter guidance range.

The move will not involve 'any change to the ultimate control of the business'.