Petro-Victory Energy Corp and BlueOak Investments said they have signed a sale and purchase agreement to acquire onshore Brazilian production firm Capixaba Energia LTDA.
Cairn Oil & Gas, part of Vedanta Group and India’s largest private oil and gas exploration and production company, has entered into a strategic alliance with TechnipFMC to accelerate the delivery of integrated subsea infrastructure for future deepwater projects in India.
Venezuelan oil contractors are continuing their work with Chevron Corp. and have not been warned of an impending shutdown despite a U.S. government deadline to stop producing oil there by early April.
OPEC+ crude production surged last month as Kazakhstan, which has long flouted the cartel’s output quotas, further breached its agreed limit.
Uncertainty has been rife in oil markets of late as Trump’s trade wars threaten global demand just as OPEC+ is set to boost supply and Ukraine peace talks get underway.
Once upon a time, in the not-so-distant past, the United States was the world’s largest importer of energy, guzzling down foreign oil and gas like a frat boy at a kegger. But the script has since flipped. Thanks to the shale revolution and a penchant for hydraulic fracturing (fracking), the U.S. has transformed from energy junkie to pusher, with liquefied natural gas (LNG) as its hottest commodity.
The Trump Administration is prepared to begin enforcing strictly the U.S. sanctions on Iran’s oil industry and exports, U.S. Secretary of Energy, Chris Wright, told Bloomberg at the CERAWeek by S&P Global conference.
NextDecade Corporation has signed a framework agreement with Baker Hughes to use its gas turbine and refrigerant compressor technology for Train 4 through Train 8 at the Rio Grande LNG facility, the companies announced on Tuesday.
Aramco Ventures, the venture capital arm of Saudi Aramco, has joined international hardware and energy investors in a seed funding round to back the direct air capture (DAC) technology developed by German firm Ucaneo, the companies announced on Tuesday.
The United States Department of Energy (DOE) on Monday granted a five-year deadline extension for Delfin LNG LLC to begin exports under its non-FTA permit.