The European Union’s promise to buy $750 billion of American energy imports over three years was pivotal to securing a trade deal with President Donald Trump, but it’s a pledge it will struggle to keep. SourceContinue Reading
The deal will be in the form of pre-capitalized securities, or P-Caps, that will allow Mexico to borrow billions of dollars from debt investors to support Pemex while keeping the obligations off its books. SourceContinue Reading
BW Energy, together with NAMCOR E&P, has contracted the Deepsea Mira semi-submersible rig for the drilling of the Kharas appraisal well on the Kudu license (PPL003) offshore Namibia in the Orange Basin, scheduled for the second half of 2025. SourceContinue Reading
House Republicans are moving forward with plans to pull U.S. funding for the International Energy Agency, saying the group has abandoned objectivity when it comes to projecting the growth of clean energy. SourceContinue Reading
West Texas Intermediate crude slid to settle near $65 a barrel after President Donald Trump said the U.S. has a 50-50 chance of striking a trade deal with Europe, a contrast to the optimism expressed by diplomats last week. SourceContinue Reading
Thailand’s PTTEP has signed an agreement to buy 100% of shares of Hess International Oil Corporation, which holds a 50% participating interest in the offshore natural gas Block A-18 of the Malaysia–Thailand Joint Development Area (MTJDA). SourceContinue Reading
Angola’s upstream regulator the National Oil, Gas & Biofuels Agency (ANPG) is pushing a $60 billion investment drive across its upstream oil and gas industry between 2025 and 2030, led by a series of ambitious E&P projects. SourceContinue Reading
Eni SpA reported profit that beat analyst estimates as proceeds from asset sales and sweeping cost cuts helped counter a weak oil market. SourceContinue Reading
Valeura Energy Inc. has entered into a farm-in agreement with PTT Exploration and Production Plc (PTTEP) to earn a 40% interest in Blocks G1/65 and G3/65, in the offshore Gulf of Thailand. SourceContinue Reading
The Energy Workforce & Technology Council (EWTC) has elected three distinguished leaders to its Advisory Board during the Council’s recent Board Meeting held in Houston, Texas. SourceContinue Reading
