#oilandgas

P66 is closing its Denver office and laying off the employees today.

A lot of former EM at Crescent Energy. They are hiring quite a few people right now. Engineers, GIS, Lease operators, drilling, construction, operations, office staff, procurement, a wide variety of roles.

Has anyone heard anything about EOG resources?

I’ve now seen 5 good people from Exxon leave for working at EOG and they have plenty of postings.

Looking for real comments. What effect does this have on our business?

https://energynow.com/2026/05/exxon-conocophillips-seek-safeguards-to-return-to-venezuela/

Interesting to see MPC cut St. Paul Park and Mandan loose.

And so continues the long grind of disposing of legacy TSO assets. One can only wonder how long the rest of them will be kept around.

ExxonMobil turned an oil refinery byproduct into a drilling breakthrough… then some wells produced 20% more oil - my take

ExxonMobil has developed a new drilling technique that could significantly increase the amount of oil recovered from America's shale formations. By transforming petroleum coke, a byproduct of oil refining, into lightweight grains used during hydraulic fracturing, the company aims to keep more underground fractures open and release additional trapped oil.

According to the video, the technology has been used in more than 100 wells in the Permian Basin, with some tests showing recovery improvements of up to 20%.

The video also explores America's record oil production, longer horizontal wells and how the Trump administration is seeking to expand U.S. energy exports and influence in global markets.

https://www.msn.com/en-us/money/general/exxonmobil-turned-an-oil-refinery-byproduct-into-a-drilling-breakthrough-then-some-wells-produced-20-more-oil-my-take

While Chevron is investing $7 billion in Venezuela to double its oil output within five years, ExxonMobil CEO Darren Woods again urged “caution” and said a lot of reforms are still required before any major entry into the country is decided.

https://fortune.com/2026/10/31/chevron-speeds-venezuela-exxon-urges-caution-little-pinch-of-salt/

When oil prices are high we make a lot of money. Executives think it is because of their brilliance. We have Guyana in spite of them not because of them. It is well known.

Had a meeting earlier with T---H---Looks like they are selling the Montney asset early as the new year to “shift capital to other areas “

https://www.abc.net.au/news/2026-10-23/large-methane-plumes-above-chevron-gorgon-project-investigation/

Independent satellite monitoring has detected massive plumes of methane emerging from one of Australia's largest oil and gas complexes.

The persistent clouds above Chevron's Gorgon liquefied natural gas (LNG) plant on Barrow Island off Western Australia's Pilbara coast were picked up by five consecutive passes of the Tanager-1 satellite since November last year.

The most recent, in late August, recorded an average emission rate of about 7.8 tonnes of methane an hour.

That is the equivalent of burning more than 110,000 kilograms of coal within a span of 60 minutes, calculated using an online tool by the US Environmental Protection Agency (EPA).

A satellite image of a gas plan with a heat map ranging from deep red to light blue over the centre of the facility.
Satellite imagery of the alert triggering methane emissions, captured in August. (Supplied: Carbon Mapper)

The repeated detections, the latest far exceeding a "super emitter" event under US EPA guidelines, prompted a United Nations (UN) warning to Chevron.

According to the UN, methane is responsible for about 25 per cent of global warming and is a greenhouse gas 80 times more harmful than carbon dioxide.

Chevron confirmed it had received the alert and was working with the UN Environmental Programme (UNEP) to address it.

However, a UNEP spokesperson told the ABC it had not received formal feedback from Chevron or the Australian government, and would update its publicly available data when it had.

Chevron was similarly notified about methane emissions at Gorgon in July last year.

In a statement, Chevron said satellite monitoring came with "a wide range of uncertainty".

"We are engaging with the UNEP, and we are seeking further clarity on their data," a company spokesperson said.

It’s all over the Internet. Very sad.

I have heard recently expand energy in southwestern Appalachia is going to layoff up to 75 people. October 2026

Key Energy Services is reducing its workforce by 53 employees in Bakersfield. This action is part of a broader withdrawal from California due to declining business. The company previously conducted layoffs in Kern County in prior years. These cuts reflect a trend of downsizing within the state's oil-field services sector. The company's Bakersfield and Ventura operations will permanently close.

Bakersfield, California

https://www.bakersfield.com/news/oil-field-services-company-laying-off-53-in-bakersfield-leaving-california/article_366079fa-619c-4bc2-a73d-d52febd054ff.amp.html

Mostly folks coming from XOM. I also know two guys who left CVX for XOM. Are we now having an official employee exchange?

Without drilling any well in the permit.

https://finance.yahoo.com/news/chevrons-47b-deal-for-oxy-secures-permian-supremacy-171509259.html

Guyana is starting to exit the peak flush phase and enter a more run and maintain with daily production declines…the quicker the declines and the more aggressive the choke openings and ramp ups the higher chances the 5th FPSO doesn’t pass the 1,000,000 bopd hurdle…
Good Times…

BP is now a second follower and is in the process of divesting Nakika…share your insights on this asset? There are great people working on the platform yet this asset takes away from bp’s future state.

Will the team blend into new operator? Is there pi----g contests for who migrates and remains with bp?

what are the targets?
why is M&A excluded?
I guess strategic partnership is gone and downstream/st&s team rdeuced.

Heard Suncor to take some stake in the Kearl lake asset IOL?

Any news or updates on that?

Heard CNRL is going to acquire some stake in IOL KEARL LAKE.

any updates or news about this?

I read there is high interest in BP's NS assets. I imagine that everyone wants to expedite the sale, especially the affected employees. It will be very beneficial to work for a company that values the assets and employees and considers them a core asset rather than small legacy asset. Alaska has thrived after BP's sale.

Ask about this in your face to face sessions

Nazar Mohamed and his son, Azruddin, are partners in a lucrative venture to build Exxon a shore base in Guyana for its massive offshore oil operation. They also face a criminal investigation and possible U.S. sanctions.

U.S. government officials repeatedly warned Exxon Mobil to avoid doing business with two mining magnates in Guyana, who face a U.S. investigation on suspicions of money laundering, dr-g trafficking and gold smuggling, according to five people with knowledge of the matter and two intelligence reports seen by Reuters.

The Texas-based oil giant ignored the advice, which was delivered during meetings in late 2021 and early 2022, and cut a deal to build a $300 million onshore logistics base with a consortium that included the two Guyanese businessmen, Nazar Mohamed and his son, Azruddin. Exxon announced the contract award in April 2022.

• https://www.reuters.com/investigates/special-report/exxon-mobil-guyana/

Wow, as a long term investor in imperial, you got to be worried. Anyone know what the attrition rate and if anyone is actually left to manage these assets when everyone keeps resigning.

Hi all,

I am looking for reservoir engineer job and saw many job posts by Exxon at the same time i am seeing too many people leaving the company. I am not sure what is going on. Is the unconventional teams are doing good and keep hiring or like all departments in the company. Thank you.

How am I in the minority? It's not the same as it was a decade ago, but this is still a god job, especially considering everything that's been happening in the industry.

Executives publicly say Guyana is a once in a life opportunity and then beat up teams internally and compare everything against Guyana. It makes zero sense.

https://www.ogj.com/general-interest/companies/news/55404137/barclays-conference-chevron-sees-venezuela-as-a-factory-development-exxon-says-operators-matter-more-than-ever

I was talking to a reservoir engineer about my job search and interviews as we both want to leave. It is proving much more challenging for him than me as reservoir engineering is pretty much just oil and gas. I encouraged him to look at geothermal energy. My skill set is more transferable to other industries.

I was in a meeting this week and 40% of those in the room were principal engineers or senior principal engineers. Collectively they knew zero about what was being discussed. There was me and one other person who actually understood the technical details. After the meeting he shared that he too had been rocketed to the bottom of the assessments.

Good luck to all once you get rid of those of us who actually understand oil and gas.

The news is ripe with stories of attacks on GCC Facilities and Refineries in the region. The KSA is being affected. The KSA will persevere through these tough times and will probably be stronger when the conflict ends.

What’s the scoop? Moving things to India, what else is new? 007

All the major tailings projects and others are well are being pushed to be completed by mid 2027. Also, it's a lot of cost to move the control room to Edmonton due to fiber cost and they haven't even started it yet. This is very clear that the want to sell the asset.

Just wondering what's the plan once they sell the asset will the employees who moved to Edmonton be laid off? as the new company possibly CNRL or Suncor employees will handle the upstream asset.

Please provide insights if you have

Alright, so want to really understand what salary curve differences exist between these groups.

How high Geos are vs. Engineers in the Upstream? Looking for CL examples.

What about Upstreamers vs. Downstreamers? How high is Upstream? Again give CL level examples.

Trolls, just listen or add your valuable commentary to the other posts.

Do we still need exploration? How much value has exploration created last 5yrs?

Are we ready to go back into Venezuela? Would we need to increase hiring and reduce layoffs/PIPs to ramp up activity there? Or we’ll simply lean on more BTC?

Guesses on how quick? Fire sale? It doesn’t fit either business Needs to be with a Gas explorer.

Is there future in Canadian Heavy Oil and Imperial?

Is Venezuela more appealing?