Pemex is offering to buy back some $10 billion worth of its global bonds with cash raised by the Mexican government, according to a statement. The state-owned driller is looking to repurchase 11 series of notes denominated in euros and dollars due between 2026 and 2029. SourceContinue Reading

Libya’s state-run energy company is proposing reviving a multibillion-dollar natural gas project to ease electricity shortages, a move that may also be a boon for a rival administration in the country’s east. SourceContinue Reading

“TotalEnergies is honored to be the first international company to be awarded exploration licenses in a bid round in Nigeria in more than a decade,” commented Kevin McLachlan, Senior Vice-President Exploration at TotalEnergies. SourceContinue Reading

Between 2020 and 2024, total crude oil and lease condensate production in the United States grew by 1.9 million barrels per day (bpd), 93% of which was produced from just 10 counties in Texas and New Mexico, according to a new report from the Energy Information Administration (EIA). SourceContinue Reading

TechnipFMC has been awarded two subsea contracts by Petrobras for flexible pipe solutions. The first award involves the design, engineering, and manufacturing of flexible gas injection risers in the Santos basin, while the second award involves flexible risers and flowlines for deployment in the Campos basin. SourceContinue Reading

Equinor ASA will spend almost $1 billion backing Orsted A/S’s share sale, in a crucial show of support as the Danish firm seeks to steady its finances following the Trump’s administration’s attacks on offshore wind. SourceContinue Reading

Nigeria has set a lower threshold by which oil companies can recover their expenses as it seeks to boost government revenue amid lower crude oil prices threatening to widen the budget deficit in the West African nation. SourceContinue Reading

Voters in Guyana headed to the polls to decide whether to reelect President Irfaan Ali or back rivals pledging to squeeze more wealth from ExxonMobil’s offshore oil fields, even as troops came under fire from across the Venezuelan border. SourceContinue Reading

Oil traders expect OPEC+ to hold crude production steady when it meets this weekend, as the group pauses after a series of accelerated supply increases. SourceContinue Reading

TotalEnergies has been awarded the Nzombo exploration permit in the Republic of the Congo. The 1,000 square km Nzombo permit is located 100 km off the coast of Pointe-Noire, close to the Moho production facilities. SourceContinue Reading