Chevron and U.S. energy stocks rallied after President Trump signaled a push to revive Venezuela’s oil sector, raising prospects for renewed upstream access. SourceContinue Reading
Transocean has added approximately $168 million to its firm backlog through a new deepwater drilling contract with bp offshore Brazil and a contract extension for its harsh-environment rig offshore Norway, strengthening utilization into 2027. SourceContinue Reading
Decom Engineering and Unique Group have signed a memorandum of understanding to jointly deliver integrated subsea decommissioning services across key oil and gas regions, including the Middle East and Asia-Pacific. SourceContinue Reading
Continental Resources has signed an agreement with Pan American Energy to acquire non-operated interests in four blocks in Argentina’s Vaca Muerta shale. The deal expands Continental’s footprint in the Neuquén basin as the company builds a long-term international unconventional portfolio. SourceContinue Reading
U.S. Secretary of State Marco Rubio said Washington’s oil “quarantine” is giving the U.S. significant leverage over Venezuela, as sanctioned crude shipments are seized and exports constrained. SourceContinue Reading
Global oil markets are showing little reaction to Venezuela’s political shock, as swelling supplies and a deepening surplus blunt price impacts. Analysts say rising non-OPEC output and OPEC+ policy discipline are likely to keep crude prices under pressure despite heightened geopolitical risk. SourceContinue Reading
Petrobras has started production at Búzios 6 with FPSO P-78, adding up to 180,000 bpd of oil and boosting gas supply from Brazil’s pre-salt. SourceContinue Reading
Chevron has delivered first oil from its South N’dola platform offshore Angola, bringing new production online in Block 0 through a tieback to existing offshore infrastructure. SourceContinue Reading
Occidental has completed the $9.7-billion sale of its OxyChem chemical business to Berkshire Hathaway, strengthening its balance sheet and upstream focus. SourceContinue Reading
Wallstreet Sand Co. has brought dry frac sand operations online at its Kermit, Texas facility, expanding in-basin proppant supply to support Permian basin completion activity and logistics efficiency. SourceContinue Reading
