South Sudan aims to resume oil production at its Blocks 3 and 7 on Jan. 8 with an initial output target of 90,000 barrels per day, Petroleum Minister Puot Kang Chol said on Tuesday.
U.S. President Joe Biden will ban new offshore oil and gas development along most U.S. coastlines, a decision President-elect Donald Trump, who has vowed to boost domestic energy production, may find difficult to reverse.
Coterra Energy Inc. has announced agreements to acquire assets from Franklin Mountain Energy and Avant Natural Resources for a combined $3.95 billion.
U.S. President-elect Donald Trump's transition team prepares executive orders to withdraw from the Paris climate agreement, end the LNG export pause, and revoke California's pollution waiver, according to the New York Times.
Angola LNG is exploring expansion options, including a mini train addition, as new gas supplies from Chevron and the New Gas Consortium are expected to bring the plant to full capacity in the coming year.
Over 22% of crude oil production and 9% of natural gas output in the U.S. Gulf of Mexico were shut down due to Hurricane Rafael, according to the U.S. Bureau of Safety and Environmental Enforcement. The shutdown includes 391,214 barrels of oil and nearly 181 million cubic feet of natural gas daily.
U.S. crude oil prices at the Gulf Coast export hub have surged due to limited pipeline capacity from the Permian basin. A growing demand for light sweet crude, alongside record production, has widened the price gap between West Texas and Houston.
Venezuela's oil exports reached a four-year high of nearly 950,000 barrels per day in October, driven by increased crude production and enhanced sales to the U.S. and India, despite ongoing sanctions and recent challenges.
Canadian Natural Resources will reduce natural gas drilling in 2024 as weak prices persist, despite stronger-than-expected third-quarter profits driven by oil sands production.
The cuts, aimed at optimizing resources, will delay certain projects and acquisitions until 2025, as the heavily indebted company prioritizes investments in higher-producing wells.
Pemex's crude oil production fell by 6% in August, marking a new low, as Mexico's outgoing president Lopez Obrador's energy goals fell short. Despite an increase in refined product output, Pemex continues to rely heavily on fuel imports, particularly gasoline and diesel.
Privately held oil and gas producer Validus Energy has struck a deal to buy rival Citizen Energy for more than $2 billion, including debt, according to people familiar with the matter.
The U.S. Federal Trade Commission is expected to greenlight Chevron’s $53 billion acquisition of Hess this week, according to sources. While FTC approval is near, Exxon Mobil’s legal challenge over Hess’s Guyana assets remains a key hurdle, with a decision expected by mid-2025.
U.S. Vice President Kamala Harris understands natural gas prices will rise if fracing is banned, industry executives said, explaining their confidence that the Democratic candidate will not ban the production method if she becomes president.
Natural gas producer BKV Corporation said on Monday it plans to raise up to $315 million in its initial public offering in the United States.
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