Mozambique LNG illustrates how shifting climate policies, security assessments and political priorities in key financing countries are slowing African LNG projects, raising costs and extending development timelines across the continent. SourceContinue Reading
U.S. Energy Secretary Chris Wright is expected to meet with oil industry executives this week to discuss the potential revival of Venezuela’s oil sector, as companies weigh long-term investment risks following recent political upheaval. SourceContinue Reading
The Government of Oman has signed a feasibility study agreement to evaluate heavy crude oil development in Block 71 using advanced electric heating technology. The study will assess technical and commercial viability ahead of potential appraisal drilling and a future long-term concession. SourceContinue Reading
Chevron and other U.S. oil stocks climbed after President Donald Trump pledged to revive Venezuela’s oil industry following the capture of Nicolás Maduro. Analysts say Chevron, which operates under a U.S. sanctions waiver, is best positioned to benefit, though rebuilding Venezuela’s aging oil infrastructure could take years. SourceContinue Reading
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
