Deltastream Energy Corp.’s gamble six years ago on drilling for oil in a heavily forested area of northern Alberta with no pipeline links paid off with a C$1.8 billion ($1.4 billion) return for investors, according to its chief executive officer. SourceContinue Reading

National Ocean Industries Association (NOIA) President Erik Milito said NOIA will review and work with industry and regulators to ensure that the proposed regulatory changes increase safety and decrease risk after the Department of the Interior announced proposed changes to the Well Control Rule. SourceContinue Reading

Secretary of State Antony Blinken said it was ‘unlikely’ the U.S. and Iran would reach a new nuclear deal anytime soon, adding to Western officials’ downbeat assessment over the prospects for reviving an accord that President Donald Trump abandoned in 2018. SourceContinue Reading

The Biden administration on Monday moved to stiffen offshore oil drilling safety measures that were imposed in the wake of the Deepwater Horizon disaster but later eased under former President Donald Trump. SourceContinue Reading

Canadian Overseas Petroleum Limited, an oil and gas exploration, production and development company with operations focused in Wyoming, announced a material increase to its oil and gas reserves and net revenue resulting from the acquisition of the assets of Cuda Energy LLC. SourceContinue Reading

In honor of the late H.E. Muhammad Sansui Barkindo – oil industry veteran and former Secretary General of the Organization of Petroleum Exporting Countries (OPEC) – the African Energy Chamber renamed its African Energy Week Lifetime Achievement Award to the Mohammad S. Barkindo Lifetime Achievement Award. SourceContinue Reading

The International Atomic Energy Agency’s probe into Iran’s past nuclear activities has taken center stage in talks to resuscitate the 2015 deal, where success could unleash a surge in Iranian oil exports. SourceContinue Reading

Uganda said it expects all potential lenders for the country’s planned $4 billion crude export pipeline to make their commitments by the end of November, smoothing the way to a targeted production start-up in early 2025. SourceContinue Reading

Chesapeake Energy Corp. said its assets in the Eagle Ford Shale have drawn a “tremendous amount of interest” as the U.S. company pursues a sale in order to become a pure-play natural gas producer. SourceContinue Reading

EQT Corp., the largest U.S. natural gas producer, agreed to acquire a privately held competitor in a $5.2 billion deal to expand holdings in the prolific Marcellus shale. SourceContinue Reading