Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
Chevron plans to invest more than $7 billion in Venezuela over the next five years and more than double production to approximately 600,000 bpd after securing additional acreage in the Orinoco Belt.
Read MessageSubsea7 has secured a $50–150 million contract from LLOG Exploration for the deepwater Who Dat East development in the U.S. Gulf, including installation of a 29-km riser and pipe-in-pipe system.
Read MessageThe State Oil Company of the Republic of Azerbaijan signed a preliminary deal to acquire a stake in Haynesville gas assets operated by Comstock for $1.65 billion.
Read MessageDavid Lindley has been named as the new director of the RRC's Oil and Gas Division.
Read MessageThe Canadian methanol producer expects to stop production in New Zealand next year and has entered into an agreement selling its gas supply entitlements.
Read MessageU.S. diesel advanced to the highest price since hitting a peak in April during the initial phase of the U.S.-Iran war.
Read MessageDNO and Genel, both partners in a producing oil project in Iraq's Kurdistan, are competing to enter Egypt via Capricorn.
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Read Message'The challenge is where to concentrate, how to scale, and how to share value when efficiency reduces the activity that many contracts reward', McKinsey representatives said.
Read Message'I will lead the board's evolution, ensuring we have the depth, experience and capabilities needed to support the company's strategic priorities and long-term value creation'.
Read Message'The deal could materially reshape Venezuela's long-term production trajectory', Rystad said.
Read MessageThe conflict between the U.S. and Iran escalated sharply, with American forces carrying out a fresh wave of strikes and Iran saying it had retaliated.
Read MessageBP on Wednesday formally appointed Ian Tyler as chair after a surprise dismissal of former chairman Albert Manifold sparked boardroom turmoil.
Read MessageOil rose Wednesday, as Mideast tensions continue to escalate after the U.S. attacked Iran, while Tehran reportedly struck back at U.S. allies.
Read MessageU.S. forces completed another wave of strikes against Iran on Tuesday stateside, hitting multiple Islamic Revolutionary Guard Corps sites across the country.
Read MessageComstock Resources has announced a $1.65 billion strategic partnership with SOCAR and a $450 million drilling venture with Jerry Jones to accelerate development of its Legacy and Western Haynesville natural gas assets.
Read MessageWeatherford has completed its acquisition of NCS Multistage, adding well completions and reservoir diagnostics technologies while strengthening its oilfield services portfolio in North America and other markets.
Read MessageSB Energy Corp, a power infrastructure firm backed by SoftBank Group Corp and OpenAI, filed for a U.S. initial public offering.
Read MessageOil prices jumped as escalating US-Iran hostilities threatened an already tight global market.
Read MessageA new U.S.-Venezuela oil agreement covers 17 fields containing approximately 65 Bbbl of proven reserves, with North American Blue Energy Partners planning up to $100 billion in investment to expand Venezuelan oil production and infrastructure.
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