President Donald Trump says Venezuelan crude will be used to refill the U.S. Strategic Petroleum Reserve, which currently holds 289.7 MMbbl—roughly 40% of its more than 700-MMbbl capacity. SourceContinue Reading
Etu Energias will acquire Chevron’s 31% interest in Angola’s deepwater Block 14 and 15.5% interest in Block 14K for $260 million, giving the Angolan company a majority stake in Block 14 and positioning it to assume operatorship. SourceContinue Reading
deugro and Jerilai Pujari Transport Limited have formed a new joint venture to support logistics for a major LNG development in Papua New Guinea, including the transport of equipment and materials to construction sites along the Purari River. SourceContinue Reading
A multistate investigation into organized petroleum theft has led to six arrests and the seizure of more than $12 million in petroleum products, vehicles, cash and other assets, drawing praise from Texas Railroad Commissioner Wayne Christian. SourceContinue Reading
BritENERGY Group is shifting investment to the U.S. Permian basin as its chairman criticizes the UK’s energy policies, acquiring interests in 13 New Mexico oil and gas wells targeting 5 MMbbl by 2032. SourceContinue Reading
Elementz and FutureOn are integrating subsea inspection and integrity data into the FieldTwin Operate digital twin platform, allowing offshore engineers to view asset condition, anomalies and planned work within a single environment. SourceContinue Reading
Sapphire Gas Solutions has acquired EDGE LNG, adding approximately 200,000 gal/day of modular liquefaction capacity and expanding its ability to produce, deliver and vaporize LNG across the southern U.S. SourceContinue Reading
Venezuela is considering leaving OPEC just months after the UAE’s withdrawal, raising questions about the producer group’s cohesion and its ability to manage global oil supplies as geopolitical shifts reshape the market. SourceContinue Reading
The U.S. and Venezuela are discussing a potential agreement that could give Washington a major stake in Venezuelan oil fields, with a 100-year lease among the arrangements under consideration, people familiar with the talks told Bloomberg. SourceContinue Reading
DNV has launched a new resilience framework for critical energy infrastructure, warning that geopolitical, cyber, physical and supply-chain threats are becoming increasingly interconnected across the energy sector. SourceContinue Reading
