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The total crude oil and condensate production of Africa in 2022 was 6.11mbpd a decrease of 0.81% when compared to 2021. The largest oil producing countries in Africa are Nigeria, Angola, and Algeria. Through to 2030, annual crude oil and condensate production is forecasted to decrease by a CAGR of 3.31% to reach 4.56mmbpd. GlobalData […]

Oil and gas giant Shell on Thursday posted record first quarter profits of $9.65bn, far exceeding analysts’ forecasts. This comes as increases in fuel and liquified natural gas (LNG) trading offset falling earnings as energy prices declined. Company analysts predicted adjusted earnings of $8bn, according to Reuters. Adjusted EBITDA came in at $21.4bn, with the

A Guyanese court on Wednesday ruled that oil giant ExxonMobil’s offshore oil unit in Guyana is in breach of its insurance obligations, Reuters reports. According to high court justice Sandil Kissoon, ExxonMobil “engaged in a disingenuous attempt” to dilute its obligations under its environmental permit for its Liza One project. The environmental permit for the

The Government of the Northern Territory of Australia has been issued a letter by one of the panel members of the Northern Territory’s fracking inquiry stating that it failed to implement a number of  the panel’s recommendations for the Beetaloo Basin project. According to Dr David Richie, the letter’s author, the Beetaloo Basoin gas project

Chesapeake Energy Corporation issued its first quarter 2023 update yesterday. The company reports making a profit of $1.39 billion in… Continue reading The post Chesapeake Energy Continues to Scale Back Drilling, but Not Too Much first appeared on Marcellus Drilling News.

Gulfport Energy, the third-largest driller in the Ohio Utica Shale (by the number of wells drilled), emerged from bankruptcy in… Continue reading The post Gulfport 1Q Net Income Swings +$1B to Positive, Avg 1.06 Bcfe/d first appeared on Marcellus Drilling News.

Last September, EQT Corporation announced it is buying privately-owned Tug Hill Operating’s West Virginia shale assets for $5.2 billion (see… Continue reading The post EQT Seeks to Extend Note Redemption Extra 6 Mos. for Tug Hill Deal first appeared on Marcellus Drilling News.

The proxy firm hired by California hotel owner Jon Handerly is accusing CNX Resources of lying about its attempt to… Continue reading The post Proxy Firm, CNX Accuse Each Other of Lying re Paris Goals Proposal first appeared on Marcellus Drilling News.

Two days ago, we brought you the very sad news that New York State has fallen and is now under… Continue reading The post Communist NY Forcing Schools, Hospitals to 100% Renewables by 2035 first appeared on Marcellus Drilling News.

Last week West Virginia’s larger-than-life (literally) Governor, Jim Justice, announced he is running to replace traitor Joe Manchin in the… Continue reading The post Mainstream Media Attacks WV Gov Justice Over Senate Run first appeared on Marcellus Drilling News.