According to a new report from Enverus Intelligence Research, upstream M&A opened 2025 with $17 billion in deal value, the second-best start to a year since 2018. However, activity was disproportionately driven by one company, Diamondback Energy. SourceContinue Reading
Vitol Group has stepped up oil purchases in Venezuela in the final weeks of a U.S. license that allows the world’s largest independent oil trader to do business in the sanctioned nation. Vitol is set to load at least 2.5 million barrels of Venezuelan oil this month, according to documents seen by Bloomberg. SourceContinue Reading
The American Association of Petroleum Geologists (AAPG) is pleased to announce that Thomas Wilker has been appointed as its new executive director. A longstanding member of AAPG, the Society of Exploration Geophysicists (SEG), and the Houston Geological Society (HGS), Wilker brings a wealth of experience, established business acumen, and a passion for the geosciences to...Continue Reading
Eni has reached financial closure with the UK Government’s Department of Energy Security and Net Zero (DESNZ) for the Liverpool Bay CCS project, where Eni is the operator of the CO2 transport and storage system (T&S) of the HyNet industrial Cluster. SourceContinue Reading
The African Energy Chamber (AEC) is calling for a deliberate and accelerated approach to moving Namibia’s recent oil and gas discoveries into production – emphasizing the importance of speed, investor confidence and strategic collaboration. SourceContinue Reading
Crbon Labs Inc. has completed the first plugging of an orphan gas well in Canada and is pleased to announce its collaboration with U.S. Venture, Inc. and its U.S. Energy® team who has acquired 100% of the corresponding High Fidelity Crbon™ credits from the project. SourceContinue Reading
GeoPark Limited, an independent oil and gas company with over 20 years of successful operations across Latin America, announces the appointment of Felipe Bayon as its new Chief Executive Officer and a member of the Board of Directors, effective June 1, 2025. SourceContinue Reading
Decom Engineering has announced a promising start to 2025 with contracts valued at more than £2 million ($2.66 million USD) secured in the first quarter, positioning the subsea cutting specialist for further international growth. SourceContinue Reading
Eni has reached financial close with the UK Government’s Department of Energy Security and Net Zero (DESNZ) for the Liverpool Bay CCS project, where Eni is the operator of the CO2 transport and storage system (T&S) of the HyNet industrial Cluster. SourceContinue Reading
Texas shale-oil company Matador Resources Co. plans to drop one of its nine drilling rigs by the middle of the year in response to plunging crude prices. Matador is the first significant shale company to announce it’s cutting back on drilling since crude futures began nosediving earlier this month. SourceContinue Reading
