Oil Giants Eye Jurassic Rocks off Mexico
Latin America's two biggest oil companies are betting big on a high-risk effort.
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Energy M&A
Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
Equinor to Enter Namibia by Joining Chevron Exploration Campaign
Equinor signed an agreement to acquire a 17.4 percent stake in Petroleum Exploration License 90 on the Namibian side of the offshore Orange Basin from operator Chevron.
Read MessageWho Were the Top USA Drillers, Customers in 1Q 2026?
Enverus announced that it has released its latest rankings of the most active U.S. land drilling contractors and drilling customers.
Read MessageEIA Sees Oil Crunch in 2026, Glut in 2027
The U.S. Energy Information Administration is predicting an oil market crunch in 2026 and a glut in 2027.
Read MessageAramco, Maaden Sign Agreement for Transition Minerals JV
The Saudi state-owned companies signed an agreement to create a joint venture to explore and mine copper and other energy transition minerals at home.
Read MessageTrump Targets Iran Trade Partners
The U.S. president announced plans to subject Iran to an 'economic D-Day'.
Read MessageOil prices rise as Trump sharpens Iran rhetoric amid talks impasse
Oil moved higher early Thursday after U.S. President Donald Trump sharpened his rhetoric against Iran.
Read MessageSomali pirate menace returns as U.S.-Iran war stokes regional chaos and saps enforcement resources
Somali piracy incidents have resurged in the Red Sea region in recent times, especially since the U.S.-Iran war kicked off-major concern for shipping companies.
Read MessageDiesel Margins Top $100 a Barrel to Reach Record High
The margin for making diesel from crude oil in the U.S. has soared to more than $100 a barrel.
Read MessageCoreMarine completes Hilli Episeyo FLNG disconnection offshore Cameroon
CoreMarine has completed the disconnection of the Hilli Episeyo FLNG after eight years offshore Cameroon, beginning the 2.45-MMtpa vessel’s transition toward its next deployment supporting Argentina’s LNG export plans.
Read MessageConocoPhillips achieves first oil at 12,000-bpd Coyote 3SX project in Alaska
ConocoPhillips has achieved first oil ahead of schedule and under budget from its $800 million Coyote 3SX development in Alaska’s Kuparuk River Unit, with peak production expected to reach 12,000 bpd.
Read MessageEIA: Super-laterals reach 15% of Permian well completions as operators drill longer
Super-laterals exceeding 15,000 ft accounted for 15% of new Permian well completions in 2025, according to the U.S. EIA, as operators increasingly use longer wells to boost production while keeping drilling activity relatively stable.
Read MessageDUG, ACTeQ partner on 3D seismic modeling and survey design
DUG Technology and ACTeQ are integrating cloud-based 3D seismic modeling with the TesserACT survey design platform, allowing exploration teams to evaluate acquisition scenarios within a streamlined workflow.
Read MessageDNO divests Côte d’Ivoire business to Panoro Energy in $86.5 million deal
DNO will sell its Côte d’Ivoire oil and gas business to Panoro Energy for $86.5 million, divesting roughly 3,300 boed of production as it concentrates on its expanded North Sea portfolio.
Read MessageOil Gains as Refinery Demand Surges
Crude gained as Gulf tensions intensified while US refiners boosted oil consumption.
Read Message3 Chinese Supertankers Abort Hormuz Attempt
Three China-linked supertankers have U-turned in the strait as risks to shipping remain elevated, with prospects for a normalization of traffic dimming after President Donald Trump took a hard line on Iran.
Read MessageKino Aski, Marinvest Propose Canadian LNG Project to Supply Europe
'In a period of global energy instability, Kino Aski LNG will establish a reliable, secure, short-distance energy corridor between North America and Europe'.
Read MessageLatest Gulf Sale Generates $82MM in High Bids
The DOI announced that the Big Beautiful Gulf 3 lease sale, or BBG3, generated $82.6 million in high bids for 59 blocks in federal waters of the Gulf of America.
Read MessageSaudis Give Full Oil Allocations to at Least 3 Europe Buyers
Saudi Aramco has notified at least three European oil refiners that will supply full contractual crude volumes next month.
Read MessageLonger wells boost Permian crude oil and natural gas production
Well operators in the Permian region of western Texas and eastern New Mexico are getting more oil and gas out of the ground by drilling longer, horizontal wells and increasingly incorporating so-called super-lateral wells that exceed 15,000 feet.
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