Crude Oil Market Pressured by Oversupply, Trade Tensions
Global oil prices are poised to record their third consecutive weekly decline.…
IMF Report Details Oil’s Critical Role in Saudi Fiscal Health
The International Monetary Fund (IMF) recently stated that Saudi Arabia‘s fiscal health…
U.S. Administration Initiates Strategic Petroleum Reserve Replenishment
The Trump administration announced plans to purchase one million barrels of crude…
U.S. Upstream M&A Activity Declines for Third Straight Quarter
U.S. upstream oil and gas mergers and acquisitions (M&A) experienced a significant…
Update: Ecopetrol avoids asset freeze as $3 billion VAT dispute advances in Colombia
Colombia’s national tax authority has ruled out freezing Ecopetrol‘s assets. This decision…
Federal Policy Shift Opens Alaska’s Arctic Reserve to Energy Exploration
The Trump administration has officially finalized a significant policy change. This action…
Update: TotalEnergies invests $100 million to scale upstream decarbonization technologies
TotalEnergies has committed $100 million to Climate Investment’s venture strategy fund. This…
Conditional EU Nod for ADNOC’s Covestro Acquisition
ADNOC has secured conditional approval from the European Union. This regulatory clearance…
Cenovus Expands Oil Sands Operations with MEG Energy Acquisition
Cenovus Energy has successfully completed its acquisition of MEG Energy. This strategic…
DeepOcean to Support Snorre Gas Field Expansion
DeepOcean has secured a subsea construction and installation contract from Equinor. This…