Cenovus Energy has agreed to acquire Athabasca Oil Corporation in a cash-and-stock transaction valued at approximately C$5.7 billion (US$4.1 billion), expanding its oil sands position and adding about 45,000 boed of production.
Baker Hughes has signed two agreements aimed at supporting oil and gas development and expanding natural gas infrastructure in Venezuela, including a strategic alliance with state-owned PDVSA focused on gas production, processing and potential LNG exports.
Azerbaijan’s parliament has ratified Gran Tierra Energy Inc.’s exploration, development and production sharing agreement (EDPSA) with the State Oil Company of the Republic of Azerbaijan (SOCAR) for the onshore Guba-Khazaryani region.
Oil fell as Saudi Arabia cut crude prices for Asian buyers in a sign that physical supplies are becoming more readily available as Middle Eastern exports recover.
Liberia will launch its 2026 Offshore Direct Negotiation Licensing Round on Oct. 14, offering 29 offshore blocks across the Liberia and Harper basins as the country seeks to attract new exploration investment.
The Executive Director of the Africa Centre for Energy Policy (ACEP), Benjamin Boakye, has urged Ghana and Tullow Oil to preserve their commercial relationship following an arbitration ruling dismissing the company’s claims and upholding a $393.09 million tax assessment by the Ghana Revenue Authority (GRA). Boakye said disagreements were inevitable in commercial relationships and that […]
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.