California Resources Corporation has agreed to acquire Berry Corporation in an all-stock merger valued at $717 million, including net debt, the companies announced today. The transaction will consolidate two of California’s largest upstream operators, creating a combined entity with more than 160,000 boed of production and 652 MMboe of proved reserves. SourceContinue Reading

MEG Energy has rejected Strathcona Resources’ sweetened C$7.6 billion bid, backing Cenovus Energy’s cash-heavy offer instead. The oil sands producer’s board cited risks tied to Strathcona’s shares and reaffirmed support for Cenovus ahead of an October shareholder vote. SourceContinue Reading

Global OTEC has been selected by the DeepStar consortium, backed by Chevron, ExxonMobil and bp, to study Ocean Thermal Energy Conversion (OTEC) as a renewable power source for deepwater oil and gas operations. SourceContinue Reading

Subsea7 has secured a $750 million –$1.25 billion offshore contract with Aramco in Saudi Arabia for the engineering, procurement, construction, and installation of 106 km of pipelines, topsides modifications and hook-up work. Offshore operations are planned for 2027–2028. SourceContinue Reading

California Passes Bill to Boost Oil Production Amid Refinery Shutdowns | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Sep 15, 2025, 8:32 PM CDT California lawmakers this weekend passed Senate Bill 237, a sweeping measure designed to revive in-state crude production in response to declining...Continue Reading

Kyiv’s Long-Range Arsenal Grows, But What Does It Mean for Russian Oil? | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Premium Content By Alex Kimani – Sep 15, 2025, 7:00 PM CDT Ukraine hit Russia’s 355,000 bpd Kirishi refinery with drones, nudging oil higher....Continue Reading

Russia starts Zapad and NATO braces for trouble | OilPrice.com Simon Watkins Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for… More Info Premium Content By Simon Watkins – Sep 15, 2025, 6:00 PM CDT Drones entered Poland just...Continue Reading

Cheap Russian LNG Keeps Flowing Despite EU Promises | 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 – Sep 15, 2025, 5:00 PM CDT The EU talks about ditching Russian gas fast, but high...Continue Reading

The Rise of China and the Future of Clean Energy | OilPrice.com Haley Zaremba Haley Zaremba is a writer and journalist based in Mexico City. She has extensive experience writing and editing environmental features, travel pieces, local news in the… More Info Premium Content By Haley Zaremba – Sep 15, 2025, 4:00 PM CDT China has...Continue Reading

Winter Gasoline Shift Pushes U.S. Pump Prices Lower Despite West Coast Spikes | OilPrice.com Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com’s Head of Operations More Info Related News By Tom Kool – Sep 15, 2025, 3:30 PM CDT U.S. motorists are getting a reprieve at the...Continue Reading