Latest Headlines

  1. Mach Natural Resources LP Announces Transformative Acquisitions In The Permian Basin And San Juan Basin 7/10/2025

    Mach Natural Resources LP (“Mach” or the “Company”) today announced it has entered into two separate definitive agreements: one to acquire certain oil and gas assets from Sabinal Energy, LLC (“Sabinal”), and another to acquire entities owning oil and gas assets managed by IKAV Energy Inc (collectively “IKAV San Juan”).

  2. Petro-Victory Energy Provides Update On The Conclusion Of Drilling The AND-5 Well In The 100% Owned Andorinha Field, Onshore, Brasil 7/9/2025

    Petro-Victory Energy Corp. (TSXV: VRY) ("Petro-Victory" or the "Company") is pleased to announce that the drilling operations for the AND-5 well, in partnership with Azevedo & Travassos Energia ("ATE"), located in the Andorinha Field, Potiguar Basin, Rio Grande do Norte, were successfully concluded.

  3. EIA Revises Crude Oil Price Forecast Amid Uncertainty And Volatility But Still Expects Prices Will Decrease 7/8/2025

    The U.S. Energy Information Administration (EIA) expects the Brent crude oil price to average less than $70 per barrel in 2025 and about $58 per barrel in 2026.

  4. API Applauds Interior Action To Support Production On Federal Lands 7/7/2025

    American Petroleum Institute (API) Vice President of Upstream Policy Holly Hopkins released the following statement after the Department of the Interior announced a new commingling policy to safely increase production while enhancing resource conservation on federal lands.

  5. McDermott Awarded Offshore Contract By Brazil's BRAVA Energia 7/7/2025

    McDermott has been awarded a sizeable* offshore transportation and installation contract by BRAVA Energia, the most diversified independent oil and gas company in Brazil, for the Papa-Terra field in the Campos Basin and the Atlanta field in Block BS-4 within the Santos Basin, both offshore Brazil.

  6. BP Announces Non-Executive Director Appointment 7/7/2025

    BP p.l.c. ("bp") today announced the appointment to its board of Simon Henry as a non-executive director with effect from 1 September 2025.

  7. bp And NOC Sign Mou To Explore Redevelopment Of Giant Libyan Oilfields And Unconventional Potential 7/7/2025

    bp has signed a Memorandum of Understanding (MoU) with Libya’s National Oil Corporation (NOC) to evaluate redevelopment opportunities in the mature giant Sarir and Messla oilfields in Libya’s Sirte basin, including the exploration potential of adjacent areas, and to understand the wider unconventional oil and gas potential within the country.

  8. Valaris Announces Multi-Year Contract Awards For Drillships VALARIS DS-16 And DS-18 7/6/2025

    Valaris Limited (“Valaris” or the “Company”) announced today that it has been awarded a 940-day contract extension for drillship VALARIS DS-16, starting in June 2026, and a new 914-day contract for drillship VALARIS DS-18, that is expected to start in mid-fourth quarter 2026, with Anadarko Petroleum Corporation, a wholly-owned subsidiary of Occidental, in the Gulf of America.

  9. Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, And Oman Reaffirm Commitment To Market Stability On Current Healthy Oil Market Fundamentals And Steady Global Economic Outlook And Adjust Production 7/5/2025

    The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on 5 July 2025, to review global market conditions and outlook.

  10. Petro-Victory Energy Corp. And Azevedo & Travassos Energia S.A. Sign Binding Memorandum Of Understanding 7/4/2025

    Petro-Victory Energy Corp. (TSXV: VRY) ("Petro-Victory" or the "Company") and Azevedo & Travassos Energia S.A. ("ATE") are pleased to announce the signing of a binding memorandum of understanding on July 2, 2025 ("MOU") pursuant to which Petro-Victory and ATE intend to complete an arm's length business combination by the acquisition by ATE of all of the issued and outstanding common shares of the Company (the "Transaction").