Fitch Ratings Says Global Oil, Gas Sector Outlook is ‘Deteriorating’

Fitch Ratings changed its outlook on the global oil and gas sector from neutral to deteriorating, citing U.S. tariff policy and production increases for the revised forecast.

June 11, 2025

E&P Highlights: June 2, 2025

Here’s a roundup of the latest E&P headlines, including an oil discovery in Norway and a wildfire in Canada shutting in oil-sands operations.

June 2, 2025

Latin America Playing Small Ball—at Steep Prices—for LNG

Gas sold at a Henry Hub prices of $3.50/MMBtu in the U.S. can fetch between $10/MMBtu to $14/MMBtu in Latin America.

May 27, 2025

A Critical Time in the Critical Minerals Space

The Trump administration is trying to position direct lithium extraction, deepsea mining and battery materials-focused companies to grow domestic resources and loosen China’s grip on the global supply chain.

May 27, 2025

Chile Taps Miner Rio Tinto for Major Lithium Project

The Salares Altoandinos lithium project in Chile has more than 15 million tons of lithium carbon equivalent, state-owned Empresa Nacional de Minería says.

May 26, 2025

Touchstone Exploration Closes Shell Trinidad Acquisition

Touchstone Exploration agreed to purchase 100% of the share capital of Shell Trinidad Central Block Ltd., which holds a 65% participating interest in the onshore Central Block E&P license in Trinidad.

May 22, 2025

SLB OneSubsea, Subsea7 Secure EPCI for BP’s Ginger Project

SLB OneSubsea and Subsea7 were awarded an engineering, procurement, construction and installation contract for BP’s Ginger project off the southeast coast of Trinidad.

May 6, 2025

TotalEnergies Seeks Permit for $16B Green Hydrogen Project in Chile

Subsidiaries of energy major TotalEnergies have applied for an environmental permit for a $16 billion green hydrogen and ammonia project in southern Chile.

May 5, 2025

EOG Resources Bolts-On 30,000 Acres in Eagle Ford for $275MM

EOG Resources said it bolted on undeveloped core Eagle Ford Shale acreage in Atascosa County, Texas, and made a discovery offshore Trinidad.

May 2, 2025

Oman Government, Amigo LNG Sign Long-Term Supply Deal

Oman’s commodity trading business, OQ Trading, has signed a 15-year LNG sales and purchase agreement with Amigo LNG, the Mexico subsidiary of Singapore’s LNG Alliance.

April 30, 2025