Nexera Energy has acquired producing oil properties in South Texas as part of a financial settlement with Hagco Energy and Hugocellr involving more than $600,000 in unpaid fees.
Clearlight Energy announces the appointment of Carolyne Murff as Chief Executive Officer and Matt Mitchell as Chief Financial Officer, marking a new phase of development for its 4.3 GW renewable portfolio in North America.
The group of major oil producers extends its stability strategy despite a drop in prices of more than 18% in 2025 and projected supply surplus for the coming year.
Amid Venezuela’s political transition, the African Energy Chamber urges international players to prioritise stability to secure oil investment and restore national production.
The Libya Energy & Economic Summit 2026 will host five leaders from the legal and advisory sectors to support the opening of the national oil market and strengthen regional cooperation.
Norwegian group Borr Drilling has announced two contractual commitments for its Ran and Odin rigs, extending its activities in the Americas through 2027.
Lane42 Investment Partners has completed the acquisition of Aqua Terra Permian, a wastewater infrastructure operator in the Permian Basin, aiming to expand its footprint in strategic midstream services.
Plains All American Pipeline and Plains GP Holdings announce a 10% increase in quarterly distributions ahead of their fourth quarter 2025 financial results release.
Brent crude fell to its lowest level since 2021, as persistent oversupply throughout 2025 weighed on prices despite isolated geopolitical tensions and China’s strategic stockpiling.
India’s crude imports from Russia could hit an eighteen-month low as Reliance Industries anticipates no shipments in January due to logistical and commercial disruptions.
Eni has transferred its traditional refining branch to Eni Industrial Evolution, a new company dedicated to managing its industrial assets in Europe and the Middle East.
Former Vaalco executive Clotaire Kondja takes over as Gabon’s Oil and Gas Minister as the country faces declining investment and stagnant crude output.
Phillips 66 Limited has reached an agreement to acquire Lindsey Oil Refinery assets, which will be absorbed into the Humber Refinery to reinforce fuel supply across the United Kingdom.
The United States is pressing major American oil firms to commit significant capital in Venezuela to recover billions lost during the expropriations of the 2000s.
Beijing maintains investments and crude imports from Venezuela, while several Chinese state-owned and private companies seek to secure stakes in Caracas' reserves.
Serbia is aiming for a quick agreement between Gazprom and Hungarian group MOL on the sale of Russian-held NIS shares, key to restarting its only refinery shut down by US sanctions.
Washington has crossed a historic threshold by capturing Nicolas Maduro after years of sanctions and embargo. A look back at two decades of tensions and their implications for the global oil market.
Ecovyst has divested its Advanced Materials & Catalysts segment to Technip Energies, generating $530mn in net proceeds and reducing debt while refocusing on strategic priorities.
Canadian group Saturn Oil & Gas has consolidated its subsidiaries into a single structure to optimise oil investments and reduce long-term administrative costs.
Baker Hughes has completed the transfer of its surface pressure control business to Cactus in a majority joint venture, receiving $344.5 million to strengthen its liquidity and realign its industrial portfolio.
French group Nexans initiates the sale of its Autoelectric subsidiary to India’s Motherson for €207mn ($227mn), marking its full exit from non-electrification activities.
Bourbon enters a new strategic phase following the arrival of Davidson Kempner and Fortress, who have become majority shareholders after a financial restructuring approved by the French courts.
Harbour Energy acquires US offshore operator LLOG for $3.2bn, adding 271 million barrels in reserves and establishing a fifth operational hub in the Gulf of Mexico.
The agreement signed with Afreximbank marks a strategic shift for Heirs Energies, aiming to scale up its exploration and production operations on Nigeria's OML 17 oil block.
Oritsemeyiwa Eyesan’s appointment as head of Nigeria’s oil regulator marks a strategic shift as the country targets $10bn in upstream investment through regulatory reform and transparent licensing.
Baghdad states that all international companies operating in Kurdistan’s oil fields must transfer their production to state marketer SOMO, under the agreement signed with Erbil in September.
Chinese oil group CNOOC continues its expansion strategy with a new production start-up in the Pearl River Basin, marking its ninth offshore launch in 2025.
A train carrying over 1,200 tonnes of gasoline produced in Azerbaijan entered Armenia on December 19, marking the first commercial operation since recent conflicts, with concrete implications for regional transit.
Subsea 7 has secured a new extension of its frame agreement with Equinor for subsea inspection, maintenance and repair services through 2027, deploying the Seven Viking vessel on the Norwegian Continental Shelf.
Caracas says Iran has offered reinforced cooperation after the interception of two ships carrying Venezuelan crude, amid escalating tensions with the United States.
US authorities intercepted a second oil tanker carrying Venezuelan crude, escalating pressure on Caracas amid accusations of trafficking and tensions over sanctioned oil exports.
US-based Armada has signed a memorandum of understanding with the Department of Energy to participate in the Genesis Mission, aimed at accelerating scientific research and reinforcing national energy and technology sovereignty.
Solar Energy Corporation of India signed a strategic agreement with Global Energy Alliance to strengthen grid resilience and support the expansion of storage and smart management technologies.
California Resources Corporation completed an all-stock asset transfer with Berry Corporation, strengthening its oil portfolio in California and adding strategic exposure in the Uinta Basin.
The Ugandan government aims to authorise its national oil company to borrow $2 billion from Vitol to fund strategic projects, combining investments in oil infrastructure with support for national logistics needs.
British company BP appoints Meg O'Neill as CEO to lead its strategic refocus on fossil fuels, following the abandonment of its climate ambitions and the early departure of Murray Auchincloss.
The Venezuelan national oil company has confirmed the continuity of its crude exports, as the United States enforces a maritime blockade targeting sanctioned vessels operating around the country.
Le fonds souverain omanais a validé 141 projets en 2025 pour un engagement total de $1.2bn, visant à renforcer l’indépendance énergétique et l’industrialisation nationale à travers un programme d’investissement de $5.2bn.
The United States has implemented a full blockade on sanctioned tankers linked to Venezuela, escalating restrictions on the South American country's oil flows.
