The Bureau of Land Management will offer roughly 35,000 acres in California for oil and gas leasing on December 1, putting 43 parcels in Kern, Kings, Fresno and San Luis Obispo counties on the auction block, the agency said on Thursday.
ConocoPhillips and Venture Global have signed a deal that would see the liquefied natural gas major supply 1 million tons to Conoco beginning in 2030. The deal is part of a broader trend in energy to boost LNG exposure after QatarEnergy’s force majeure, with the outlook for LNG demand remaining robust despite geopolitics and their effect on prices.
The South Korean government has agreed to continue working with the United States government on a potential investment in the Alaska LNG project by the major gas-importing country, as part of their trade deal.
Matador Resources has completed its previously announced $1.255 billion acquisition of Paloma Permian LLC from EnCap Investments, expanding its Delaware Basin position with approximately 16,500 net acres and more than 156 net drilling locations in southeastern New Mexico.
Citizen Energy Ventures has brought eight wells into production in Oklahoma’s Anadarko basin and is advancing its 2026 drilling program, which includes plans to develop up to 12 additional wells targeting the Cherokee Formation.
EnerMech has secured a five-year extension of its non-destructive testing (NDT) contract with Chevron Australia, extending the agreement through the end of 2031.
Seismos has opened a new applied acoustics research center in Jarrell, Texas, featuring a 2,349-ft full-scale flow loop designed to advance acoustic sensing, closed-loop well stimulation and real-time completion optimization.
Crude oil prices are set for a modest weekly decline today, as reports of a strong rebound in oil flows out of the Persian Gulf trumped news of more U.S. troops moving to the Middle East and China’s Thursday decision to halt fuel exports this month.
Russia has begun commercial oil exports from Rosneft’s (ROSN.MM), Vostok Oil, its vast Arctic development that Moscow is counting on to lift crude production following years of delays and sanctions.
Shell (SHEL.L) and its partners on Tuesday gave the green light to a LNG Canada Phase 2 expansion in Kitimat, British Columbia, a C$33 billion bet that will double the facility’s production capacity to 28 million tonnes per annum (mtpa) and put Canada on a trajectory to become one of the world’s largest LNG exporters.