California Resources Corporation has completed its all-stock combination with Berry Corporation, strengthening its California-focused portfolio with long-life, low-decline conventional assets and adding development upside in the San Joaquin Basin and Uinta Basin. SourceContinue Reading

Israel-Egypt Nat Gas Deal ‘Purely Commercial,’ Says Cairo | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – Dec 18, 2025, 1:30 PM CST Israel’s agreement to supply Egypt with 130 billion cubic meters of natural gas worth $35 billion...Continue Reading

Nigeria’s Top Oil Regulator Leaves Amid $10B Investment Push | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – Dec 18, 2025, 1:30 PM CST The abrupt resignation of Nigeria’s top petroleum regulator shortly after the launch of one of...Continue Reading

Subsea7 has been awarded a large EPCI contract by ConocoPhillips for the Previously Produced Fields (PPF) development offshore Norway. The $300–$500 million contract covers subsea structures, umbilicals, risers and flowlines tied back to the Ekofisk Complex, with offshore campaigns planned for 2027–2028. SourceContinue Reading

Japan Petroleum Exploration Co. has agreed to acquire Verdad Resources’ tight oil and gas assets in the Denver-Julesburg basin for about $1.3 billion, marking a major expansion of JAPEX’s North American upstream portfolio. The deal is expected to significantly boost production and proved reserves, with development planned into the early 2030s. SourceContinue Reading

Russia Falls Further Behind in the Space Race as Kazakhstan Turns to China | OilPrice.com Eurasianet Eurasianet is an independent news organization that covers news from and about the South Caucasus and Central Asia, providing on-the-ground reporting and critical perspectives on… More Info Premium Content By Eurasianet – Dec 18, 2025, 1:00 PM CST Kazakhstan’s...Continue Reading

West Africa Oil Faces Crisis as Global Surplus Builds | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 18, 2025, 12:30 PM CST Millions of barrels of Nigerian and Angolan crude remain unsold in the December and January loading programs, as they struggle to compete...Continue Reading

Falklands Oil Megaproject Breaks Free After 15 Years | OilPrice.com Natalia Katona Natalia Katona is a freelance commodity analyst, based in the United Arab Emirates. More Info Premium Content By Natalia Katona – Dec 18, 2025, 12:00 PM CST After 15 years in limbo, the Sea Lion oil project reached FID on December 10, unlocking...Continue Reading

Russia’s Oil Exports Face Delays as Tankers Take 70% Longer Route | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 18, 2025, 11:30 AM CST Oil tankers carrying Russian oil appear to be avoiding the fastest Black Sea route to the Turkish straits and travel...Continue Reading

The US and EU are Divided Over How to Deal With Belarus | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Dec 18, 2025, 11:00 AM CST...Continue Reading