Shell is preparing to restart development work on Venezuela’s offshore Dragon gas field, a key step toward resuming natural gas exports to Trinidad and Tobago, pending U.S. authorization expected in the coming weeks. SourceContinue Reading
McDermott and Namibia’s PETROFUND signed an MOU to strengthen local workforce development in the country’s emerging oil and gas sector. The partnership focuses on technical training, knowledge transfer, and capacity building aligned with international standards. SourceContinue Reading
ABB will deliver automation and electrification systems for SwitcH2’s floating green ammonia FPSO off Portugal, designed to produce 243,000 tons annually from renewable power. SourceContinue Reading
Cenovus Energy has raised its takeover offer for MEG Energy to C$7.6 billion, sweetening terms ahead of a delayed shareholder vote. The deal would expand Cenovus’s footprint across Alberta’s Christina Lake oil sands, where MEG produces about 100,000 bpd. SourceContinue Reading
ExxonMobil has signed new agreements with Iraq’s Basra Oil Co. and SOMO to explore and develop the Majnoon oil field, marking its first upstream re-entry into Iraq since exiting West Qurna-1 in early 2024. SourceContinue Reading
U.S. crude oil output hit a record 13.6 million bpd in July, prompting the U.S. Energy Information Administration to revise its 2025-26 outlook. The EIA now forecasts production will average 13.5 million bpd in both 2025 and 2026, modestly higher than its September forecast. SourceContinue Reading
Oil prices steadied after OPEC+ announced a modest 137,000-bpd increase for November, signaling continued supply restraint from Saudi Arabia and its allies. SourceContinue Reading
The Texas Railroad Commission has established the State Task Force on Petroleum Theft (STOPTHEFT) to address rising oilfield crime. The 13-member group includes leaders from ConocoPhillips, Diamondback Energy, and the Texas Oil & Gas Association, alongside state and federal law enforcement. SourceContinue Reading
Chevron Corp. has appointed TotalEnergies exec Kevin McLachlan as its new VP of Exploration, effective November 1, succeeding Liz Schwarze, who will retire in February 2026 after 36 years with the company. SourceContinue Reading
Chevron has appointed Kevin McLachlan as Vice President of Exploration, effective Nov. 1, succeeding Liz Schwarze, who will retire after 36 years with the company. SourceContinue Reading
