Turkey’s state oil company is in talks with Chevron on potential joint oil and gas exploration, signaling Ankara’s push to expand upstream production and reduce reliance on energy imports. Discussions could involve seismic studies and drilling as U.S.–Turkey energy ties continue to warm. SourceContinue Reading
Venezuelan crude is arriving at Caribbean storage hubs as the U.S. reshapes trade flows, with traders marketing oil once bound almost exclusively for China. SourceContinue Reading
Equatorial Guinea is seeking about $300 million in oil and LNG prepayment deals with commodity traders to help finance upstream operations as production continues to decline. SourceContinue Reading
Baker Hughes says power generation and artificial lift equipment could drive near-term growth in Venezuela as oil producers seek to revive output amid renewed U.S. engagement and Chevron-led expansion. SourceContinue Reading
Mexican billionaire Carlos Slim is expanding his offshore oil presence with a $270 million deal for remaining stakes in Campeche fields, deepening private investment in Mexico’s upstream sector. SourceContinue Reading
Op-Ed: The first U.S.-approved sale of Venezuelan crude signals a shift toward energy pragmatism in the Western Hemisphere. As Venezuelan barrels re-enter global markets, Caribbean and Latin American producers, refiners and importers could see meaningful impacts on supply security, logistics and regional investment dynamics. SourceContinue Reading
ADNOC Gas has signed a 10-year LNG sales and purchase agreement valued at up to $3 billion with Hindustan Petroleum, supplying 0.5 MMtpa from its Das Island facility and deepening the UAE-India energy partnership. SourceContinue Reading
Petroliam Nasional Bhd. has appointed Mohd Jukris Abdul Wahab as chief operating officer, effective Feb. 1, as the company navigates a legal dispute over gas assets in Sarawak and broader operational challenges tied to lower oil prices. SourceContinue Reading
The Philippines has made its first natural gas discovery in more than a decade, with new reserves at Malampaya East-1 expected to extend the life of the country’s flagship offshore gas field. SourceContinue Reading
The American Petroleum Institute and the Permian Strategic Partnership will host a workforce recognition event in Midland, Texas, this week, honoring the oil and gas employees who support U.S. energy security and regional economic growth in the Permian basin. SourceContinue Reading
