Baytex Energy has closed the sale of its U.S. Eagle Ford assets for $2.14 billion, exiting the play to strengthen its balance sheet and refocus on Canadian operations. SourceContinue Reading
Ukraine says it struck a Lukoil offshore drilling platform in the Caspian Sea, as Kyiv intensifies attacks on Russian energy infrastructure tied to wartime revenue. SourceContinue Reading
The Texas Railroad Commission assessed more than $1.1 million in enforcement penalties against oil and gas operators, approving fines tied to compliance and default orders. SourceContinue Reading
TIPRO praised House passage of the SPEED Act, saying streamlined NEPA permitting would accelerate oil and gas projects, boost energy security and support growing U.S. power demand. SourceContinue Reading
Aminex said pipeline construction and upstream work at Tanzania’s Ntorya gas project are advancing, keeping the development on track for first gas in 2026. SourceContinue Reading
TechnipFMC has secured a $250 million–$500 million subsea EPCI contract from Eni for the Coral North FLNG project offshore Mozambique, covering flowlines, risers, manifolds and umbilicals in ultradeep water. SourceContinue Reading
Japan Petroleum Exploration Co. has agreed to acquire Verdad Resources’ tight oil and gas assets in the Denver-Julesburg basin for about $1.3 billion, marking a major expansion of JAPEX’s North American upstream portfolio. The deal is expected to significantly boost production and proved reserves, with development planned into the early 2030s. SourceContinue Reading
The U.S. House has passed the bipartisan SPEED Act, advancing sweeping federal permitting reform aimed at streamlining NEPA reviews and accelerating energy and infrastructure projects. Industry groups are now urging swift Senate action in 2026. SourceContinue Reading
California Resources Corporation has completed its all-stock combination with Berry Corporation, strengthening its California-focused portfolio with long-life, low-decline conventional assets and adding development upside in the San Joaquin Basin and Uinta Basin. SourceContinue Reading
Japan Petroleum Exploration Co. has agreed to acquire Verdad Resources’ tight oil and gas assets in the Denver-Julesburg basin for about $1.3 billion, marking a major expansion of JAPEX’s North American upstream portfolio. The deal is expected to significantly boost production and proved reserves, with development planned into the early 2030s. SourceContinue Reading
