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Experts Say Trump’s Plan to Seize and Revitalize Venezuela’s Oil Industry Faces Major Hurdles
January 5, 2026
President Donald Trump’s plan to take control of Venezuela’s oil industry and ask American companies to revitalize it after capturing President Nicolás Maduro in a raid isn’t likely to have a significant immediate impact on oil prices. Venezuela’s oil industry
Happy New Year!
December 30, 2025
As we reflect on this past year, we are grateful for all those who helped shape our business in the most significant way. This is an exciting industry to be a part of as this administration puts mining and oil
Wishing You a Merry Christmas!
December 23, 2025
As we celebrate the birth of Jesus this week we are humbled by his sacrifices made throughout his journey. This week many in our industry will be taking the week off to enjoy much needed time with family and friends
SLB and Ormat Deepen Alliance to Advance Geothermal Energy
November 6, 2025
Global energy technology company SLB and leading geothermal and renewable energy company Ormat Technologies entered into an agreement to fast-track the development and commercialization of integrated geothermal assets, including enhanced geothermal systems (EGS). EGS is the next generation of geothermal
Chemical Group SNF Acquires Permian’s Obsidian Chemical Solutions
October 13, 2025
SNF has acquired Obsidian Chemical Solutions, a leading provider of specialty chemical solutions primarily for completion operations to the oil and gas industry. “SNF Oil & Gas is committed to enhancing our infrastructure to meet customer service and product requirements.
TechnipFMC Awarded Subsea Production Systems Contract by Petrobras
October 10, 2025
TechnipFMC has been awarded a significant contract, following a competitive tendering process, for subsea production systems by Petrobras. TechnipFMC will design, engineer, and manufacture subsea production systems to be deployed in an array of greenfield developments, brownfield expansions, and asset
New Zealand Reverses Decision on Oil and Gas Exploration Ban
September 29, 2025
New Zealand’s government has passed a bill to reverse the ban on new offshore oil and gas exploration permits that had been in place since 2018. The vote took place on July 31 and passed with 68 votes to 54.
Nippon Steel Settles Disputes with USW, Cliffs Over U.S. Steel Deal
September 4, 2025
Nippon Steel said on Wednesday it has resolved all legal disputes with the United Steelworkers union and steelmaker Cleveland-Cliff tied to its $14.9 billion acquisition of U.S. Steel, which closed in June. The settlement includes the dismissal of a lawsuit
ExxonMobil Starts Production from Yellowtail Development, Offshore Guyana
August 29, 2025
ExxonMobil Guyana started production at Yellowtail, the fourth oil development in Guyana’s offshore Stabroek block. Yellowtail’s ONE GUYANA floating production storage and offloading (FPSO) vessel joins the Destiny, Unity, and Prosperity FPSOs, bringing total installed capacity in Guyana to above
Centrica Enters Long-term Natural Gas Sale and Purchase Agreement with Devon
August 18, 2025
Centrica confirmed that its trading arm, Centrica Energy, has entered into a natural gas sale and purchase agreement with US-based Devon Energy. Under the agreement, Devon Energy will supply 50,000 (MMBtu) per day of natural gas over a 10‑year term starting
