BW Energy has entered Angola’s offshore oil sector through a joint acquisition with Maurel & Prom to purchase minority stakes in two producing deepwater blocks from Azule […]
Category: Energy
US Oil Rig Count Rises as Production Nears Record High
The United States added one oil rig during the week ending December 12, 2025, while overall rig count declined by one, according to Baker Hughes. The […]
Houston’s Carnelian Energy Capital Moves to Sell Six Portfolio Companies
Carnelian Energy Capital is seeking to divest six of its North American oil and gas production investments, according to multiple sources familiar with the matter, Reuters […]
US House approves bill to fast-track natural gas pipeline approvals
The U.S. House of Representatives voted 213-184 on Friday to pass legislation aimed at speeding up federal permitting for interstate natural gas pipelines, part of […]
Trump administration advances offshore drilling expansion amid bipartisan resistance
The Trump administration announced plans Thursday to open new offshore drilling sites off the coasts of California and Florida for the first time in decades, proposing six new lease sales between 2027 and […]
Only Chevron Tankers Sail International Waters as Venezuela Oil Exports Fall After U.S. Seizure, Sources Say
Venezuela’s oil exports have fallen sharply since the United States seized an oil tanker on December 10, with only Chevron-operated vessels sailing in international waters carrying Venezuelan crude, according […]
Texas Permian Basin Crude Production Reaches 6.5 Million Barrels Per Day Milestone
Oil production in the Permian Basin reached 6.5 million barrels per day in the fourth quarter of 2024, marking a significant milestone for the region […]
U.S. Crude Oil Production Hits Record as Texas Contributes 43% of National Output
U.S. crude oil production reached near-record levels in December 2025, with Texas accounting for 43 percent of the nation’s crude oil production, solidifying its position […]
Gulf of Mexico Lease Sale Draws $300 Million in Bids, Highest Per-Acre Price Since 2017
The Bureau of Ocean Energy Management held its first offshore lease sale under the Trump administration’s expanded leasing program on December 10, 2025, generating $300.4 […]
Texas Power Sector Drives Over $50 Billion in U.S. Energy Deals as Data Center Demand Surges
Major power generation companies have announced over $50 billion in acquisitions during 2025, driven by surging electricity demand from data centers and artificial intelligence computing […]