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
Sonatrach and Ghana National Petroleum Corporation have signed an R&D partnership under African Petroleum Producers Organization to advance upstream technology, digitalization and sustainable hydrocarbon development across Africa. SourceContinue Reading
Saronic and Hornbeck Offshore Services have formed a strategic partnership to evaluate autonomous vessel technology for offshore energy and service operations, including pilot projects and fleet applications. SourceContinue Reading
GEOLOG has acquired Quad Ltd and QO Inc., expanding its global wellsite geology, pore pressure and fracture gradient services to support complex drilling, HPHT and deepwater operations worldwide. SourceContinue Reading
ExxonMobil, ConocoPhillips and other major U.S. oil firms are examining potential roles in Venezuela’s energy sector following the ouster of Nicolás Maduro, Energy Secretary Chris Wright said. SourceContinue Reading
Equinor has awarded long-term framework agreements worth about NOK 100 billion ($9+ billion) to Norwegian suppliers, underpinning maintenance, modification and recovery activity across the Norwegian Continental Shelf. SourceContinue Reading
Vickery Energy has closed the acquisition of Tribune Resources’ Appalachian Basin natural gas assets, adding 38,000 net acres and more than 200 MMcfe/d of production across West Virginia. SourceContinue Reading
