Private equity firm Blackstone Inc. is weighing a potential $5 billion-plus sale of Beacon Offshore Energy, highlighting renewed investor interest in deepwater Gulf of Mexico oil assets amid a slowdown in U.S. shale consolidation. SourceContinue Reading
Equinor and ORLEN have discovered gas and condensate in the Sissel prospect near the Utgard field in the North Sea, with recoverable volumes estimated at up to 28 million boe and tie-back options under consideration. SourceContinue Reading
WT Oil & Gas and EnviroKlean have launched a solids-free produced water recycling system in the Permian basin, enabling high-volume reuse without sludge generation while lowering disposal costs and environmental risk. SourceContinue Reading
Turkey’s state oil company is in talks with Chevron on potential joint oil and gas exploration, signaling Ankara’s push to expand upstream production and reduce reliance on energy imports. Discussions could involve seismic studies and drilling as U.S.–Turkey energy ties continue to warm. SourceContinue Reading
Venezuelan crude is arriving at Caribbean storage hubs as the U.S. reshapes trade flows, with traders marketing oil once bound almost exclusively for China. SourceContinue Reading
Equatorial Guinea is seeking about $300 million in oil and LNG prepayment deals with commodity traders to help finance upstream operations as production continues to decline. SourceContinue Reading
Baker Hughes says power generation and artificial lift equipment could drive near-term growth in Venezuela as oil producers seek to revive output amid renewed U.S. engagement and Chevron-led expansion. SourceContinue Reading
Mexican billionaire Carlos Slim is expanding his offshore oil presence with a $270 million deal for remaining stakes in Campeche fields, deepening private investment in Mexico’s upstream sector. SourceContinue Reading
Op-Ed: The first U.S.-approved sale of Venezuelan crude signals a shift toward energy pragmatism in the Western Hemisphere. As Venezuelan barrels re-enter global markets, Caribbean and Latin American producers, refiners and importers could see meaningful impacts on supply security, logistics and regional investment dynamics. SourceContinue Reading
ADNOC Gas has signed a 10-year LNG sales and purchase agreement valued at up to $3 billion with Hindustan Petroleum, supplying 0.5 MMtpa from its Das Island facility and deepening the UAE-India energy partnership. SourceContinue Reading
