Vital Energy, Inc. (NYSE: VTLE) (“Vital Energy” or the “Company”) today announced that, at a special meeting of Vital Energy stockholders held today, the stockholders of the Company approved the previously announced merger (the “Merger”) between Vital Energy and Crescent Energy Company (“Crescent”). Vital Energy will file the final vote results for its special meeting on a Form 8-K with the U.S. Securities and Exchange Commission (the “SEC”). The Merger is anticipated to close on December 15, 2025.
he government has notified the Petroleum and Natural Gas Rules, 2025, introducing a modern regulatory framework designed to draw higher investment into India’s oil and gas sector and improve ease of doing business. Issued under the recently enacted Oilfields (Regulation and Development) Amendment Act, 2025, the rules overhaul the licensing regime and replace the older system of multiple permissions with a single petroleum lease for exploration, development and production of all hydrocarbons, including shale.
South Sudan has moved troops into Sudan’s Heglig oil field under what it calls a tripartite agreement with Sudan’s two warring factions. The move is a rare arrangement aimed at shielding critical oil infrastructure as fighting escalates across West Kordofan.
Valaris has secured a multi-year contract from Shell for the drillship VALARIS DS-8 for operations offshore Brazil, the company said on Wednesday.
Petroleum Development Oman (PDO) has signed a 15-year agreement with Kuwait’s SPETCO to develop the Budour Tayseer Gas Project in Oman, local media reported on Thursday.
The Human and Environmental Development Agenda (HEDA) Resource Centre has called for deliberate sequencing and sustained political will to strengthen reforms in the Nigerian oil and gas sector. The body made the call while unveiling a comprehensive report on petroleum environmental governance in Nigeria. The report is titled “Nigeria’s Petroleum-Environmental Governance: Law, Policy, and Reform […]
The Government of Guyana and ExxonMobil Guyana on Tuesday last launched a new Oil and Gas Corner at the New Amsterdam National Library, an initiative aimed at demystifying the oil and gas industry and inspiring young Guyanese to pursue careers in the sector. According to a Ministry of Finance release, speaking at the official opening, […]
France’s Maurel & Prom and Norway’s BW Energy have signed an agreement to acquire Azule Energy’s stakes in two producing offshore blocks in Angola, the companies said on Friday.
Several international energy companies are expected to join the MSGBC region’s upstream market in the coming months, as operators target exploration opportunities in The Gambia, Guinea-Bissau and Guinea-Conakry. Speaking at the MSGBC Oil, Gas & Power 2025 conference this week, Ben Sayers, Partner & Energy Specialist, GeoPartners, explained that the south of the MSGBC region has not yet heralded a major discovery, but expected forays by international companies could potentially turn this trend around.
President Trump has removed legislative protections from the Biden presidency that restricted oil and gas exploration in Alaska, including the Arctic National Wildlife Refuge and federal lands in the state.