By keeping its voluntary production cuts, OPEC+ is sending a clear signal that oil prices need to be sustainable for both producers and consumers.
M4E’s financing package includes an equity investment, a royalty purchase and an option for a strategic offtake agreement.
Here’s a roundup of the latest E&P headlines, including a reserves update and new contract awards.
Chevron's plan to buy Hess Corp. and assume a 30% foothold in Guyana has been complicated by Exxon Mobil and CNOOC's claims that they have the right of first refusal for the interest.
Bids for the 13 shallow water blocks offshore Trinidad and Tobago are now due on May 27.
With various overseas headaches, Houston-based APA Corp. aims to boost its Permian Basin volumes and integrate its Callon Petroleum acquisition when it closes in the second quarter.
Here is a look at some of this week’s renewable energy news, including approval of the construction and operations plan for Empire Wind offshore New York.
U.S. President Joe Biden’s decision to pause approvals for new U.S. LNG projects benefits similar projects around the world and casts doubt around U.S. supply, TotalEnergies’ Pouyanné told analysts during the company’s quarterly webcast.
First gas from the TotalEnergies-operated project is expected in fourth-quarter 2024.
On top of acquiring a 20% interest in Peru LNG, MidOcean Energy is also in the process of acquiring interests in four Australian LNG projects.