Malaysia’s Petronas is evaluating a sale of its shale oil asset in Argentina, a move that would complete its exit from the country’s booming Vaca Muerta fields as several international drillers also look to divest from the region. SourceContinue Reading
STRYDE has announced the first sale of its Mini Seismic System in Latin America to Colombian company Energy Geophysical Services SAS (EGS). EGS previously deployed STRYDE’s seismic technology across its oil and gas exploration surveys in 2024. SourceContinue Reading
Equatorial Guinea has relaunched its open-door licensing process for 2025, setting the stage for a major licensing round and marking a strategic shift toward prioritizing licensing and exploration, with a strong focus on regulatory competitiveness, tax incentives and data transparency. SourceContinue Reading
The American Petroleum Institute today joined over 100 other trade groups representing a wide range of stakeholders in sending a letter to House and Senate leadership welcoming U.S. Congress’ efforts to protect consumers and reverse California’s harmful vehicle mandates. SourceContinue Reading
MOL has discovered a new oil field near Somogysámson in Western Hungary. During the exploration drilling carried out in December 2024, oil was found at a depth of 1,250 meters. According to the results, the well has potential to produce 1,200 bpd. SourceContinue Reading
The U.S. Department of the Interior Office of the Inspector General has released an audit report showing the Railroad Commission of Texas successfully used federal grant funding for orphaned well plugging and complied with all related laws and regulations. SourceContinue Reading
Cheniere Energy reached substantial completion of Train 1 at the Corpus Christi Stage 3 Liquefaction Project (CCL Stage 3) on March 16, 2025. CCL Stage 3 consists of seven midscale trains, with an expected total production capacity of over 10 MMtpa of LNG. SourceContinue Reading
Azerbaijan is set to sign agreements to explore for natural gas in Israeli waters, highlighting a key strategic alliance between the two countries amid turbulence in the region. A consortium of Azeri state company Socar, bp Plc and Israel’s NewMed Energy LP will get the right to explore in one offshore block. SourceContinue Reading
Chevron Corp. bought nearly 5% of Hess Corp. as a show of confidence that it will win the arbitration battle with Exxon Mobil Corp. that has delayed the Hess takeover for more than a year. The stake is worth about $2.3 billion at today’s price. SourceContinue Reading
Baker Hughes and NextDecade have entered into a framework agreement whereby NextDecade plans to utilize Baker Hughes’ gas turbine and refrigerant compressor technology to perform maintenance work for Trains 4 through 8 at the Rio Grande LNG Facility. SourceContinue Reading
