Vermilion Energy has entered into a definitive agreement for the sale of its Saskatchewan and Manitoba assets for $302 million USD ($415 million CAD). The assets are currently producing approximately 10,500 boed (86% oil and liquids). SourceContinue Reading
Mexico’s state oil company Petroleos Mexicanos is discussing plans to slash over 3,000 jobs in a proposed corporate restructuring that is expected to save the company millions as the indebted driller and refiner tries to shore up its finances and boost production. SourceContinue Reading
U.S. President Donald Trump criticized the UK’s approach to taxing North Sea oil and gas, saying it discouraged drilling and raised energy prices. SourceContinue Reading
TotalEnergies is preparing to begin offshore drilling in South Africa in 2026, pending final regulatory approvals, according to Mike Sangster, the company’s SVP for Africa Exploration & Production, who recently emphasized TotalEnergies’ multi-energy strategy at the Invest in African Energy Forum in Paris. SourceContinue Reading
Texas regulators are warning that wastewater from fracking in the biggest US oil basin is causing a “widespread” increase in underground pressure — a development that risks hindering crude output and harming the environment. SourceContinue Reading
U.S. Secretary of State Marco Rubio said in a post on X that a Venezuela oil-export license will expire next Tuesday, defying earlier expectations that it would be extended. The tighter time frame would put pressure on Chevron Corp.’s operations in the sanctioned nation. SourceContinue Reading
Leaders from the National Ocean Industries Association (NOIA), American Petroleum Institute (API) and the Independent Petroleum Association of America (IPAA), issued statements today in support of the U.S. House of Representatives’ passage of the 2025 tax reconciliation bill. SourceContinue Reading
Ocean services provider DeepOcean has acquired Shelf Subsea, an independent provider of subsea services with a strong position in the eastern hemisphere. The acquisition strengthens an extensive portfolio of solutions, now also covering the Asia-Pacific and Middle East regions. SourceContinue Reading
