The Trump administration is preparing to issue a narrowly tailored license to Chevron Corp., allowing the oil producer to conduct minimal maintenance of essential operations in Venezuela, according to people familiar with the matter. SourceContinue Reading
Bienvenido Nguema Envo, CEO of Equatorial Guinea’s national oil company GEPetrol, is taking steps to emphasize the country’s push to revitalize its oil and gas industry, attract new investment and strengthen energy security across West Africa. SourceContinue Reading
Tim Hodgson, Canada’s new energy minister, has emphasized the need to build carbon-capture systems for the oil sands and identified crude and natural gas exports as a major priority for Prime Minister Mark Carney’s government. SourceContinue Reading
Vermilion Energy has entered into a definitive agreement for the sale of its Saskatchewan and Manitoba assets for $302 million USD ($415 million CAD). The assets are currently producing approximately 10,500 boed (86% oil and liquids). SourceContinue Reading
Mexico’s state oil company Petroleos Mexicanos is discussing plans to slash over 3,000 jobs in a proposed corporate restructuring that is expected to save the company millions as the indebted driller and refiner tries to shore up its finances and boost production. SourceContinue Reading
U.S. President Donald Trump criticized the UK’s approach to taxing North Sea oil and gas, saying it discouraged drilling and raised energy prices. SourceContinue Reading
TotalEnergies is preparing to begin offshore drilling in South Africa in 2026, pending final regulatory approvals, according to Mike Sangster, the company’s SVP for Africa Exploration & Production, who recently emphasized TotalEnergies’ multi-energy strategy at the Invest in African Energy Forum in Paris. SourceContinue Reading
Texas regulators are warning that wastewater from fracking in the biggest US oil basin is causing a “widespread” increase in underground pressure — a development that risks hindering crude output and harming the environment. SourceContinue Reading
