Forum Energy Technologies has appointed Leslie A. Beyer, former assistant secretary at the U.S. Department of the Interior and ex-Energy Workforce & Technology Council CEO, to its board of directors, strengthening regulatory and industry expertise. SourceContinue Reading
Malaysia’s national oil company Petronas has taken its dispute with Petroleum Sarawak Bhd. to the country’s top court, seeking clarity over gas ownership and potential impacts to LNG operations in resource-rich Sarawak. SourceContinue Reading
Indonesia Energy Corporation is advancing pre-drilling operations for two new onshore wells at its Kruh Block in Sumatra, with drilling expected to begin before the end of first-quarter 2026 as part of a back-to-back development program. SourceContinue Reading
The Trump administration is pushing for a rapid revival of Venezuela’s oil sector, but political instability, security risks and governance concerns threaten near-term investment. Oil executives warn that without durable protections and clarity, billions in upstream capital may remain on the sidelines. SourceContinue Reading
Ukraine said it struck multiple Lukoil-operated offshore oil platforms in the Caspian Sea, escalating pressure on Russia’s energy sector. The attack highlights growing risks to upstream infrastructure as energy assets become direct targets in the conflict. SourceContinue Reading
Oil executives struck a cautious tone on Venezuela during Friday’s White House meeting with President Trump, underscoring concerns over security, legal protections and investment risk—even as the administration presses to revive the country’s long-declining oil sector. SourceContinue Reading
Chevron could add up to $700 million a year in cash flow from higher oil production in Venezuela, according to TD Cowen, though analysts expect the company to limit new capital spending until political and fiscal conditions stabilize. SourceContinue Reading
Independent Petroleum Association of America said U.S. independent oil and natural gas producers remain critical to energy security and local economies, while facing a challenging price environment that complicates capital allocation and long-term investment decisions. SourceContinue Reading
The Trump administration does not plan to fund a revival of Venezuela’s oil sector, Interior Secretary Doug Burgum said, signaling U.S. energy companies will rely on private capital markets for investment. SourceContinue Reading
TotalEnergies and partners Eni and QatarEnergy have signed an agreement with Lebanon to enter the Block 8 offshore exploration permit, with plans for new 3D seismic acquisition. SourceContinue Reading
