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  • Civitas signs deals to sell certain DJ basin assets for $215 million

    Civitas signs deals to sell certain DJ basin assets for $215 million

    May 6th, 2024

    The company’s first-quarter production totaled 336,000 boe/d, balanced almost evenly between the Permian and DJ basins.

    0 comments on Civitas signs deals to sell certain DJ basin assets for $215 million
  • Azule Energy enters Namibian Orange basin

    Azule Energy enters Namibian Orange basin

    May 3rd, 2024

    Azule Energy, a 50-50 joint venture between Eni and bp PLC, farmed into the Namibian Orange basin by acquiring

    0 comments on Azule Energy enters Namibian Orange basin
  • NSTA offers 31 more licenses in oil, gas licensing round

    NSTA offers 31 more licenses in oil, gas licensing round

    May 3rd, 2024

    The North Sea Transition Authority has offered a further 31 licenses of 88 blocks and part blocks in the

    0 comments on NSTA offers 31 more licenses in oil, gas licensing round
  • IEA: Bearish prices to dampen overall US dry gas production in 2024

    IEA: Bearish prices to dampen overall US dry gas production in 2024

    May 3rd, 2024

    After full-year production growth of 4% in 2023 and an all-time monthly production high in December 2023, US production

    0 comments on IEA: Bearish prices to dampen overall US dry gas production in 2024
  • Cheniere net earnings plunge on derivative values, LNG expansions on track

    Cheniere net earnings plunge on derivative values, LNG expansions on track

    May 3rd, 2024

    Cheniere Energy reported net income of $502 million for the 3 months ended Mar. 31, 2024, compared with $5.43

    0 comments on Cheniere net earnings plunge on derivative values, LNG expansions on track
  • US regulator approves ExxonMobil-Pioneer deal, bans Pioneer CEO from board

    US regulator approves ExxonMobil-Pioneer deal, bans Pioneer CEO from board

    May 3rd, 2024

    The US Federal Trade Commission on May 2 banned Pioneer Natural Resources chief executive officer Scott Sheffield from ExxonMobil's

    0 comments on US regulator approves ExxonMobil-Pioneer deal, bans Pioneer CEO from board
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LATEST SECTOR NEWS

  • OGJ Crack Spread
  • Eni, partners start construction of Malaysian biorefinery
  • Lotte starts operation of new $4-billlion Indonesian petrochemical complex
  • Trump administration advances first offshore lease sales mandated under the OBBBA
  • Oil prices consolidate on mixed signals

ABOUT US

FORTecx is a Canadian-based group, specializing in unique, ‘state of the art’ proprietary Formulas, Ultrasonic Procedures and End-to-End Eco Processes for the fast recovery of oil from primary, secondary and waste sources.

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