OPEC+’s audacious bid to punish its oil-quota cheats prompted a renewed plunge in crude on Wednesday, amid growing tensions with Kazakhstan. Kazakhstan Energy Minister Erlan Akkenzhenov appeared on Wednesday to reject pressure to bring output in line with OPEC+’s quota. SourceContinue Reading

HYCO1 and Malaysia LNG (MLNG) have signed a Memorandum of Understanding (MOU) to collaborate on the potential utilization and conversion of 1 Mmtpa of CO2. MLNG, a subsidiary of PETRONAS, is the CO2 supplier for the project. SourceContinue Reading

ExxonMobil has announced an agreement with Calpine Corporation, the nation’s largest producer of electricity from natural gas, to transport and permanently store up to 2 Mmtpa of CO2 from Calpine’s Baytown Energy Center near Houston. SourceContinue Reading

Last Mile Production, LLC, an independent oil and gas operator in West Texas, has reported transformative results following the deployment of Enovate AI’s 3-Clicks Digital Strategy in collaboration with B4ECarbon™. SourceContinue Reading

Amid declining Russian oil imports and rising energy demand, India is ramping up investments across Africa’s oil, gas and renewables sectors. The shift comes as India’s crude oil imports from Russia fell to a two-year low in February 2025, prompting a renewed push to diversify its sources of energy. SourceContinue Reading

Oil rose as the potential for the U.S. to curtail Iranian flows added to a rebound driven by broader markets. Crude slumped earlier this month on concern that tensions between the U.S. and its trading partners will hurt economic growth and oil consumption. SourceContinue Reading

Halliburton fell sharply after warning investors that tariffs will impact a wide swath of the company’s business units. Halliburton is the first major company in the U.S. oil industry to disclose a specific financial impact from the global trade war. SourceContinue Reading

Crescent Energy has closed the sale of its non-operated Permian basin assets to a private buyer for $83 million in cash, the company announced Tuesday. The West Texas assets had projected full-year 2025 production of approximately 3 Mboe/d (~35% oil). SourceContinue Reading

Elliott Investment Management has built up its stake in bp Plc to just over 5% of shares, as the activist investor continues its pressure campaign at the struggling oil giant. The stake, disclosed in a regulatory filing on Tuesday, would make Elliott one of bp’s largest shareholders. SourceContinue Reading

Weatherford has entered a strategic partnership with AIQ, the Abu Dhabi-based AI company. The collaboration aims to integrate Weatherford’s software and hardware solutions with AIQ’s AI-driven systems to maximize efficiency for oil and gas production. SourceContinue Reading