TotalEnergies has signed an agreement with Shell to exchange its 20% non-operated interest in the Gato do Mato project for an additional 3% interest in Lapa, a producing offshore oil field. SourceContinue Reading
On Monday, Brazilian Energy Minister Alexandre Silveira presented measures to President Luiz Inacio Lula da Silva that include selling oil exploration licenses and a review of the reference prices used to calculate oil taxes, the ministry said in a message. SourceContinue Reading
The Energy NL Conference & Exhibition 2025 began Tuesday in St. John’s with statements from Energy Minister Steve Crocker, who outlined his vision for the region’s energy industry, and Kerry Moreland, President of ExxonMobil Canada, who detailed Exxon’s discovery of 75 million barrels of oil in the last year. SourceContinue Reading
Venture Global has initiated full mobilization and started site work at the company’s third LNG export facility, CP2 LNG. The launch comes shortly after receiving final FERC approval and export authorization from the U.S. Department of Energy, SourceContinue Reading
CAVIS Energy officially launched in the U.S. market on Tuesday, bringing industry-leading, relationship-driven energy services to key regions. With an established client base in Texas and New Mexico, The company’s launch follows a series of strategic expansions. SourceContinue Reading
Petronas is considering options for its Canadian company formerly known as Progress Energy Resources Corp., including a sale, according to people familiar with the matter. A transaction could value the Canadian business at $6 billion to $7 billion, sources said. SourceContinue Reading
Viper Energy Inc., the mineral and royalty unit of Diamondback Energy Inc., agreed to buy Sitio Royalties Corp. for about $4.1 billion, including debt, in the latest deal focused on the Permian basin. SourceContinue Reading
bp and partners have approved the next phase of development of the Shah Deniz gas field. The $2.9 billion Shah Deniz Compression project is the field’s third phase of development. In addition to the project approvals, bp today completed an agreement with SOCAR to access two blocks in the Caspian Sea for exploration and development....Continue Reading
Getech Group and STRYDE have jointly announced the launch of a new high impact targeting and exploration service designed to help energy and natural resource companies explore faster and more effectively, while reducing exploration risk and cost. SourceContinue Reading
Baker Hughes and Cactus, a global manufacturer of pressure control equipment for oil and gas drilling, have entered a new joint venture involving Baker Hughes’ surface pressure control (SPC) product line. Cactus will own 65% of the JV, while Baker Hughes will retain a 35% stake. SourceContinue Reading
