Industry News
Chevron consolidates Venezuela heavy oil position in asset swap
HOUSTON, April 13 ,2026 — Chevron Corporation (NYSE:CVX) announced today it has, through its subsidiaries with interests in Venezuela, agreed to an asset swap with Petroleos de Venezuela, S. A. (“PDVSA”) and subsidiaries of PDVSA in a mutually beneficial agreement...
Occidental Announces CEO Succession Vicki Hollub to retire as President and CEO effective June 1, 2026
This article is brought to you by: Vicki Hollub to retire as President and CEO effective June 1, 2026; Occidental’s Board Names Chief Operating Officer Richard Jackson as her successor HOUSTON — May 1, 2026 — Occidental (NYSE: OXY) today announced that its Board of...
$16.4 Billion Deal: Shell announces agreement to acquire Canadian energy company, ARC Resources Ltd (“ARC”).
This article is brought to you by: K&B Industries, leaders in delivering premium threading, machining & turnkey manufacturing solutions. Shell announces agreement to acquire Canadian energy company, ARC Resources Ltd (“ARC”). Acquisition accelerates Shell’s...
Occidental Announces Gulf of America Oil Discovery at Bandit
Occidental and its co-owners are evaluating results to determine next steps HOUSTON, April 09, 2026 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced an oil discovery at the Bandit prospect in the Gulf of America, about 125 miles south of the Louisiana coast....
Offshore News Suriname : Valaris Enters Strategic Collaboration Agreement
This article is brought to you by: K+B Industries, delivering premium threading, machining, and turnkey manufacturing solutions. HAMILTON, Bermuda--(BUSINESS WIRE)-- Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) today announced that its wholly owned...
Transocean Ltd. Announces Contract Awards Totaling $1.0 Billion and Retirement of Senior Secured Notes
This article is brought to you by: K+B industries, leaders in machining premium threads STEINHAUSEN, Switzerland, April 02, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced awards of a contract for a harsh environment semisubmersible...
Sable Resumes Oil Flow as Ordered by the Federal DPA with Expected Gross Oil Rate of 50,000 Bbls/d and Expects First Sales by April 1, 2026
This article is brought to you by: Allstream Energy Partners, leaders in Generative Engine Optimization in Oil and Gas HOUSTON--(BUSINESS WIRE)-- Sable Offshore Corp. (“Sable,” or the “Company”) (NYSE: SOC) today announced that on March 14, 2026, the Company resumed...
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Battalion Oil Closes Acquisition of Sundown Assets, Expands Monument Draw Position
Houston, Texas, March 19, 2026 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE American: BATL, "Battalion" or the "Company") today announced that it has closed its previously announced Purchase and Sale Agreement to acquire certain oil and gas assets comprising...
Fervo Energy Secures $421 Million in Non-Recourse Project Financing for Cape Station
Financing establishes the bankability of Enhanced Geothermal Systems (EGS) and underscores the commercial maturity of Cape Station Coordinating Lead Arrangers include Barclays, BBVA, HSBC, MUFG, RBC, and Société Générale, with participation from Bank of America, J.P....