Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
MaverickX has opened a new production facility in Pleasanton, Texas, scaling output of its PetroX chemical solutions used for enhanced oil recovery, water treatment and critical mineral extraction across oil and gas operations.
Read MessageEgypt has agreed to purchase the full output of Cyprus’ Aphrodite gas field under a long-term deal, securing future supply as domestic production declines and demand continues to rise.
Read MessageOccidental has reported an oil discovery at the Bandit prospect in Green Canyon Block 680 in the U.S. Gulf, encountering oil-bearing Miocene sands with potential for subsea tieback development.
Read MessageSLB OneSubsea has secured a contract from Beacon Offshore Energy to deliver an HPHT multiphase boosting system for the Shenandoah field in the Gulf of Mexico, supporting enhanced recovery in a deepwater development.
Read MessageChevron said its production fell as much as 6 percent in the first quarter due in part to the Iran war, echoing a similar disclosure from archrival ExxonMobil.
Read MessageIndia's largest private-sector refiner is restricting individual purchases to INR 1,000 per visit at fuel stations it operates with partner BP, according to people familiar with the matter.
Read MessageThe U.S. president vowed to keep troops in the Persian Gulf ahead of talks with Iran that are planned to firm up a fragile truce, while Hormuz remained effectively shut as shipowners await clarification on the status of the key waterway.
Read MessageAfter ESG pressures forced private equity investors out of oil and gas, investment firms of ultra-wealthy families stepped up.
Read Message'Located strategically to the east of our Pikka phase 1 development, Quokka represents another high-return opportunity that strengthens our position on the North Slope and extends our development runway in Alaska for years to come'.
Read Message'Under this framework, Subsea Integration Alliance may provide full engineering, procurement, construction, installation and commissioning solutions for multiple discoveries in Suriname'.
Read MessagePerenco acquired a 50 percent operating stake in the already developed Blythe and Elgood fields.
Read MessageThe Hormuz disruption is hammering Asian economies with surging energy costs and weakening currencies, but a repeat of the crisis three decades ago is unlikely.
Read MessageTraffic through the Strait of Hormuz has yet to see a meaningful rebound and this could continue for weeks, warn shipping experts.
Read Message'There is a considerable value creation potential here but time is running out', Norway's upstream regulator said about the discovery drilled by Shell and later relinquished by Equinor.
Read MessageContinued attacks - including Israeli strikes in Lebanon - have raised questions about the effectiveness of a ceasefire.
Read MessageAn unusually powerful El Niño weather event could take shape later this year, exacerbating global food security fears.
Read MessageOil markets rose after Iran accused the United States of violating elements of a two-week ceasefire agreement.
Read MessageOil and gas prices dropped sharply after a U.S.-Iran ceasefire deal, but the market remains on edge as Strait of Hormuz flows are still largely restricted. With more than 800 vessels stranded and supply disruptions lingering, the pace of recovery remains highly uncertain.
Read MessageU.S. Bureau of Land Management (BLM) oil and gas lease sales generated $592.7 million in total receipts during the first quarter of 2026, reflecting continued federal leasing activity across multiple basins and a renewed sale in Alaska’s National Petroleum Reserve.
Read MessageSantos reported strong results from its Quokka-1 appraisal well on Alaska’s North Slope, confirming high-quality Nanushuk reservoir performance with flow rates of 2,190 bopd as development planning advances alongside the Pikka project.
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