The Government of Oman has signed a feasibility study agreement to evaluate heavy crude oil development in Block 71 using advanced electric heating technology. The study will assess technical and commercial viability ahead of potential appraisal drilling and a future long-term concession. SourceContinue Reading

Chevron and other U.S. oil stocks climbed after President Donald Trump pledged to revive Venezuela’s oil industry following the capture of Nicolás Maduro. Analysts say Chevron, which operates under a U.S. sanctions waiver, is best positioned to benefit, though rebuilding Venezuela’s aging oil infrastructure could take years. SourceContinue Reading

Chevron and U.S. energy stocks rallied after President Trump signaled a push to revive Venezuela’s oil sector, raising prospects for renewed upstream access. SourceContinue Reading

Transocean has added approximately $168 million to its firm backlog through a new deepwater drilling contract with bp offshore Brazil and a contract extension for its harsh-environment rig offshore Norway, strengthening utilization into 2027. SourceContinue Reading

Harold Hamm’s Continental Resources To Buy Oil Assets In Argentina | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 05, 2026, 11:30 AM CST Billionaire Harold Hamm’s Continental Resources will buy assets from Argentina’s Pan American Energy, Bloomberg reported on Monday, in the latest development...Continue Reading

Decom Engineering and Unique Group have signed a memorandum of understanding to jointly deliver integrated subsea decommissioning services across key oil and gas regions, including the Middle East and Asia-Pacific. SourceContinue Reading

How Washington’s Control of Venezuelan Oil Could Reshape China’s Energy Supply | OilPrice.com City A.M CityAM.com is the online presence of City A.M., London’s first free daily business newspaper. Both platforms cover financial and business news as well as sport and… More Info Premium Content By City A.M – Jan 05, 2026, 11:00 AM CST The...Continue Reading

U.S. Oil Blockade Forces Venezuela’s PDVSA to Slash Production | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 05, 2026, 10:30 AM CST Venezuela’s state oil firm PDVSA has started reducing oil production and has asked its joint ventures, including those with Chevron, to also...Continue Reading

Continental Resources has signed an agreement with Pan American Energy to acquire non-operated interests in four blocks in Argentina’s Vaca Muerta shale. The deal expands Continental’s footprint in the Neuquén basin as the company builds a long-term international unconventional portfolio. SourceContinue Reading

Shares in supermajor Chevron and the biggest U.S. refiners soared in pre-market trade on Monday after U.S. President Donald Trump opened the door to American investment in Venezuela’s oil industry following the capture of Nicolas Maduro.  Chevron, which is currently the only U.S. and Western oil firm authorized by the United States to operate in...Continue Reading