U.S. Insurers Are Refusing to Cover Climate Change Risk Zones | OilPrice.com Felicity Bradstock Felicity Bradstock is a freelance writer specialising in Energy and Finance. She has a Master’s in International Development from the University of Birmingham, UK. More Info Premium Content By Felicity Bradstock – Jul 06, 2025, 2:00 PM CDT U.S. insurers are...Continue Reading

Petro-Victory Energy Corp. and Azevedo & Travassos Energia S.A. (ATE) have signed a binding memorandum of understanding on July 2, 2025 (MOU) under which Petro-Victory will become a subsidiary of ATE. ATE has agreed to acquire all shares of Petro-Victory.  SourceContinue Reading

Companies hired by TotalEnergies SE to build a $20 billion gas project in northern Mozambique have started preparing to resume work on the venture, four years after it was suspended because of a militant insurgency, according to people familiar with the matter. SourceContinue Reading

U.S. oil and gas company VAALCO Energy is refurbishing its FPSO facility at the Baobab field in Block CI-40, offshore Ivory Coast, African Energy Chamber announced. The modernization is set to increase production and extend the field’s economic life. SourceContinue Reading

New US Sanctions on Iran Increase Pressure on Iraq | OilPrice.com Cyril Widdershoven Dr. Cyril Widdershoven is a long-time observer of the global energy market. Presently he works as Director of Energy Security and Supply Chains, at Strategy… More Info Premium Content By Cyril Widdershoven – Jul 06, 2025, 12:00 PM CDT The Trump Administration...Continue Reading

OPEC+ will increase oil production even more rapidly than expected next month, as the group led by Saudi Arabia seeks to capitalize on strong summer demand in its move to reclaim market share. Eight key alliance members agreed to raise supply by 548,000 bpd at a conference on Saturday. SourceContinue Reading

Petrobras is considering the sale of its onshore operations in Brazil’s northeastern Bahia state, CEO Magda Chambriard said. Production on the Polo Bahia Terra is too expensive given that it yields less than a single well in the deepwater pre-salt region. SourceContinue Reading

A Game-Changing New Tech for Cutting Shipping Emissions | OilPrice.com Felicity Bradstock Felicity Bradstock is a freelance writer specialising in Energy and Finance. She has a Master’s in International Development from the University of Birmingham, UK. More Info Premium Content By Felicity Bradstock – Jul 06, 2025, 10:00 AM CDT Seabound has developed a compact...Continue Reading

Subsea7 has secured a sizeable contract for offshore Egypt to conduct engineering, procurement, commissioning and installation of flexible pipelines, umbilicals, and associated subsea components for a tie back to existing infrastructures.   SourceContinue Reading

Canada Warms Up to Fossil Fuels With New LNG Export Terminal | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Jul 05, 2025, 6:00 PM CDT Canada has recently shifted its energy policy,...Continue Reading