Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
Chevron has expanded its heavy oil position in Venezuela through an asset swap with PDVSA, increasing its stake in Petroindependencia and advancing development in the Orinoco Belt.
Read MessageA former Pentagon official said the goal of the U.S. blockade is to get the Iranians to back down and restore freedom of navigation to the strait.
Read MessageAnalysts warn current prices understate the severity of supply disruptions and recovery timelines.
Read MessageDuring 2025, the U.S. electric power sector retired 2.6 gigawatts (GW) of coal-fired generating capacity at four power plants, the least since 2010. At the beginning of 2025, coal plant operators had planned to retire 8.5 GW of capacity; however, 4.8 GW of planned retirements were delayed to a future year, and the operators of...
Read MessageWhile the United States leans into its domestic crude oil production, one state is being left out to dry, California.
Read MessagePetrobras has confirmed a hydrocarbon discovery in a pre-salt exploration well in Brazil’s Campos basin, with further analysis underway to evaluate reservoir and fluid characteristics.
Read MessageTotalEnergies has confirmed a hydrocarbon discovery at the Moho license offshore Congo, with estimated resources of around 100 MMbbl and plans for a tie-back to existing production infrastructure.
Read MessageHalliburton has secured a multibillion-dollar contract from YPF to provide unconventional completions and electric fracturing services in Argentina’s Vaca Muerta shale play.
Read MessageEco Atlantic has farmed down a 60% interest in its Namibia offshore exploration licenses to bp, transferring operatorship as part of a deal to advance exploration in the Walvis basin.
Read MessageOPEC oil output fell by nearly 8 million bpd in March, the largest drop on record, as the Iran war and Strait of Hormuz disruption curtailed exports from key Gulf producers.
Read MessageIran said it would target all ports in and close to the Persian Gulf if its own shipping hubs are threatened.
Read MessageABL and Petroleum Marine Services (PMS) have signed an MoU to provide offshore rig moving, marine assurance and risk services in Egypt, supporting drilling operations in the Red Sea and Gulf of Suez.
Read MessageCoreMarine and Jumbo Offshore have secured a contract to install soft-yoke mooring systems and perform hook-up of FLNG vessels offshore Argentina, supporting the country’s growing gas export infrastructure.
Read MessageTotalEnergies and TPAO have signed an exploration MoU to jointly assess oil and gas opportunities in Türkiye’s Black Sea and international regions, expanding collaboration in offshore exploration.
Read MessageThe U.S. blockade, set to begin at 10 a.m. ET, will apply to "any and all Ships trying to enter, or leave, the Strait of Hormuz," President Donald Trump said.
Read MessageIndia more than doubled export duties on diesel.
Read MessageEni committed $70 million in equity investment to Nouveau Monde Graphite and plans to place an order of 15,000 tpa of graphite concentrate from phase 2 of NMG's Matawinie Mine project in Canada.
Read MessageEuropean leaders welcome the election of a pro-EU candidate while Russia and the U.S. lose an ally after the defeat of Viktor Orbán.
Read MessagePresident Donald Trump had signaled that other countries would help the U.S. in its blockade.
Read MessageState-owned Petrobras will assume full ownership by acquiring Malaysian counterpart Petronas' 50 percent stakes for $450 million.
Read Message