Latest Headlines

  1. The Government Of Ghana, Tullow Oil, Kosmos Energy, PetroSA, GNPC And Explorco Sign Memorandum Of Understanding To Extend Ghana Production Licenses To 2040 6/4/2025

    The Government of Ghana, Tullow Oil plc (Tullow), Kosmos Energy, PetroSA, Ghana National Petroleum Company (GNPC) and Explorco are pleased to announce that they have entered into a Memorandum of Understanding (MOU) to extend the West Cape Three Points (WCTP) and Deep Water Tano (DWT) licenses to 2040, which cover the Jubilee and TEN fields in Ghana.

  2. API Statement On Senate Committee On Environment And Public Works Reconciliation Proposal 6/4/2025

    American Petroleum Institute (API) President and CEO Mike Sommers issued the following statement after the Senate Committee on Environment and Public Works released its proposed markup of the 2025 reconciliation bill.

  3. New Onshore Targeting Service Launched To Accelerate Exploration Whilst Reducing Risk And Cost 6/3/2025

    Getech Group plc, a leading locator of subsurface energy and mineral resources, and STRYDE, the onshore nodal seismic imaging experts, have jointly announced the launch of a new high impact targeting and exploration service designed to help energy and natural resource companies explore faster and more effectively, while reducing exploration risk and cost.

  4. bp Deepens And Progresses In Azerbaijan With Go-Ahead For New Major Project And Exploration Access 6/3/2025

    bp, together with its partners, has entered into a series of agreements that will build and expand on its major oil and gas interests in Azerbaijan, paving the way for growth and additional production while deepening its partnership with the country and state oil company, SOCAR.

  5. Venture Global Launches Site Work At CP2 LNG Following Federal Approval 6/3/2025

    Venture Global, Inc. ($VG) announced today that it has initiated full mobilization and started site work at the company’s third LNG export facility, CP2 LNG.

  6. Viper Energy, Inc., A Subsidiary Of Diamondback Energy, Inc., To Acquire Sitio Royalties Corp. In All-Equity Transaction; Increases Base Dividend 6/3/2025

    Viper Energy, Inc. (NASDAQ:VNOM) (“Viper” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback”), and Sitio Royalties Corp. (NYSE:STR) (“Sitio”) today announced that they have entered into a definitive agreement under which Viper will acquire Sitio in an all-equity transaction valued at approximately $4.1 billion, including Sitio’s net debt of approximately $1.1 billion as of March 31, 2025.

  7. Cactus Announces Agreement To Acquire 65% Controlling Interest In Baker Hughes' Surface Pressure Control Business 6/2/2025

    Cactus, Inc. (“Cactus” or the “Company”) announced today that its subsidiary Cactus Companies, LLC has entered into a definitive agreement with certain subsidiaries of Baker Hughes Company (“Baker Hughes”) to acquire 65% and assume operational control of the Baker Hughes Surface Pressure Control Business (“SPC” or the “Business”).

  8. API Applauds Department Of The Interior's Action To Repeal The NPR-A Rule 6/2/2025

    American Petroleum Institute (API) Senior Vice President of Policy, Economics and Regulatory Affairs Dustin Meyer issued the following statement after the Department of the Interior announced a proposal to repeal the previous administration's restrictive rule on energy development in Alaska's National Petroleum Reserve.

  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 5/31/2025

    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 31 May 2025, to review global market conditions and outlook.

  10. EOG Resources To Acquire Encino Acquisition Partners From CPP Investments And Encino Energy, Strengthening Premier Utica Asset; Increases Regular Dividend 5% 5/30/2025

    EOG Resources, Inc. (EOG) today announced a definitive agreement with Canada Pension Plan Investment Board (CPP) and Encino Energy under which EOG will acquire Encino Acquisition Partners (EAP or Encino) for $5.6B, inclusive of EAP’s net debt.