Most Recent News
- Turkey Plans Oil and Gas Exploration in Bulgaria, Libya, and Iraq April 22, 2025Turkey is in talks to look for oil and gas in Bulgaria, and is also planning exploration work in Iraq and Libya, Energy Minister Alparslan Bayraktar said.
- WTI Rebounds 2% on Supply, Geopolitical Shifts April 22, 2025Oil rose 2% as US sanctions on Iran supported prices and markets rebounded.
- Chevron, TotalEnergies Start Up Ballymore offshore Louisiana April 22, 2025Chevron and TotalEnergies unlocked new production of up to 75,000 barrels a day of oil and 50 million cubic feet a day of gas with the startup of the deepwater Ballymore field.
- May Natural Gas Contract 'Flirting With $3 Psychological Level' April 22, 2025Eli Rubin, an energy analyst at EBW Analytics Group, said the May natural gas contract is 'flirting with [the] $3.00 per million British thermal units (MMBtu) psychological level'.
- Avangrid Expands Power Purchase Deal with CPS Energy April 22, 2025The US' largest municipally owned provider of electric and natural gas services doubled its power offtake from Avangrid to 320 MW.
- Venture Global Issues $2.5B Bonds April 22, 2025The debt instrument sale comes after Venture Global proposed an investment of about $18 billion to grow Plaquemines LNG's capacity to over 45 MMtpa.
- China Owned Supertankers Face $5.2MM in Fees Per USA Call April 22, 2025Made in China oil supertankers are set to be slapped with more hefty charges under America's latest proposal to penalize ships manufactured in the Asian nation.
- Evolution Petroleum Closes $9MM Acquisition of Texas, Louisiana Assets April 22, 2025The acquired assets add around 440 net barrels of oil equivalent of stable, low-decline production, consisting of 60 percent oil and 40 percent natural gas.
- ADNOC Drilling Secures $1.63B Contract from ADNOC Offshore April 22, 2025The contract covers the provision of directional drilling, drilling fluids, cementing, wireline logging and tubular running services.
- USA DOI Announces 11th OCS Oil and Gas Leasing Program April 22, 2025'Launching the process to develop the 11th national outer continental shelf program marks a decisive step toward securing American energy dominance', Secretary of the Interior Doug Burgum said.
Finance and Investing News
- Venture Global Issues $2.5B Bonds April 22, 2025The debt instrument sale comes after Venture Global proposed an investment of about $18 billion to grow Plaquemines LNG's capacity to over 45 MMtpa.
- Evolution Petroleum Closes $9MM Acquisition of Texas, Louisiana Assets April 22, 2025The acquired assets add around 440 net barrels of oil equivalent of stable, low-decline production, consisting of 60 percent oil and 40 percent natural gas.
- Santos Posts $1.3B Sales Revenue for Q1 April 21, 2025That was down 8 percent from the prior three-month period as lower natural gas prices offset an increase in gas sales volumes.
- BW Energy Makes FID on Golfinho Boost Project Offshore Brazil April 21, 2025The $107 million project includes multiple measures aimed at boosting production efficiency and increasing recoverable reserves by approximately 12 million barrels.
- USEDC Acquires 20,000 Acres in Permian Basin April 18, 2025USEDC said it plans to run a dedicated drilling rig on the acquired acreage.
- Vista Acquires Stake in Unconventional Asset in Vaca Muerta, Argentina April 18, 2025'With this acquisition we gain significant scale in Vaca Muerta with a premium block that has growing production and low operating costs'.
- Fracker Liberty's Profit Falls to 3-Year Low as Oil Slumps April 17, 2025Shale fracker Liberty Energy Inc. posted its worst earnings in three years.
- Trio Closes Acquisition of Heavy Oil Assets from Novacor April 16, 2025Trio Petroleum Corp. has closed its acquisition of certain petroleum and natural gas properties held by Novacor Exploration Ltd. in the prolific heavy oil region of Lloydminster, Saskatchewan.
- Phillips 66 Gears Up for Proxy Fight Against Elliott April 15, 2025'Elliott seeks rapid, irreversible change in pursuit of an unrealistic thesis – and risks halting the momentum on our long-term value-creating strategic plan'.
- BP Warns of Rising Debt Amid Lower Output, Weak Gas Trading April 12, 2025BP Plc said debts mounted in the first quarter.
News and Media
Gallery
-
- module lifting and installation at Singapore
