Mexico on Monday completed a $12 billion debt offering that will support state-owned Petroleos Mexicanos, the world’s most indebted oil major. Also on Monday, Pemex reported net income of $3.2 billion for Q2, its first profit in more than a year. SourceContinue Reading
Enterprise Products Partners LP, one of the largest pipeline operators in the Permian Basin, sees oil production in the region holding up this year despite an expected drop in crude prices. SourceContinue Reading
Weatherford has been awarded a significant contract to deliver Managed Pressure Drilling (MPD) services for the Trion project, a deepwater oil production project in Mexico operated by Woodside Petróleo Operaciones de México, S. de R.L. de C.V. SourceContinue Reading
Aramco has launched a joint effort with Cloudera to build AI-powered applications that drive growth in Saudia Arabia’s digital oil and gas sector. The companies will collaborate on AI initiatives for workforce development, R&D, operational efficiency and more. SourceContinue Reading
Venture Global has reached final investment decision and successful closing of the $15.1 billion project financing for the first phase of the company’s third project, CP2. This milestone represents the largest standalone project financing ever. SourceContinue Reading
The European Union’s promise to buy $750 billion of American energy imports over three years was pivotal to securing a trade deal with President Donald Trump, but it’s a pledge it will struggle to keep. SourceContinue Reading
The deal will be in the form of pre-capitalized securities, or P-Caps, that will allow Mexico to borrow billions of dollars from debt investors to support Pemex while keeping the obligations off its books. SourceContinue Reading
BW Energy, together with NAMCOR E&P, has contracted the Deepsea Mira semi-submersible rig for the drilling of the Kharas appraisal well on the Kudu license (PPL003) offshore Namibia in the Orange Basin, scheduled for the second half of 2025. SourceContinue Reading
House Republicans are moving forward with plans to pull U.S. funding for the International Energy Agency, saying the group has abandoned objectivity when it comes to projecting the growth of clean energy. SourceContinue Reading
West Texas Intermediate crude slid to settle near $65 a barrel after President Donald Trump said the U.S. has a 50-50 chance of striking a trade deal with Europe, a contrast to the optimism expressed by diplomats last week. SourceContinue Reading
