Post Oak Closes $764MM Fund Focused on Permian, Utica, Haynesville
Post Oak has made commitments to five portfolio companies, with capital deployed in the Permian Basin and Utica and Haynesville shales.
SLB Unveils Carbon Storage Technology, Services Portfolio
SLB on June 16 said its Sequestri portfolio offers tailored hardware and digital workflows intended to improve decision-making across the carbon storage value chain.
Mermaid Subsea Completes North Sea Well Intervention
Mermaid Subsea Services said it performed a scale inhibitor treatment on the well, designed to maintain well integrity for at least three more years.
Chevron Enters US Lithium Sector with Smackover Acreage Deals
One leasehold position in the Smackover Formation was acquired from TerraVolta Resources, while the other was acquired from East Texas Natural Resources, Chevron says.
COMMENTARY: Israel-Iran War Already Takes Toll on Oil and Gas Sector – Bousso
(Reuters) – Critical energy infrastructure in Israel and Iran has not escaped unscathed from the first few days of the countries’ escalated conflict. Worst-case scenarios have yet to be realized, but the war is already having a notable impact on energy production and exports in both countries. Benchmark Brent crude oil prices jumped 7% to …
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Exxon Ramps Up Use of Its Custom Proppant After Positive Results
The black sand made at refineries is delivering production gains of up to 18% in comparison tests as a lightweight proppant, Exxon engineers said at URTeC.
Beijing Has More at Stake in Iran Besides Just Oil
By Ka Sing Chan HONG KONG, June 17 (Reuters) – Beijing has far more at stake in Iran besides just oil. China has not only benefited from importing heavily discounted Iranian crude, it has inched up its strategic infrastructure investments into the country since the duo signed a $400 billion pact in 2021. If the …
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Chevron Makes First Foray Into Lithium With Smackover Deals
By Kevin Crowley Chevron Corp. made its first foray into lithium with two acreage deals in northeast Texas and southwest Arkansas aimed at building a domestic “commercial scale” business. Chevron acquired 125,000 net acres from TerraVolta Resources LLC and East Texas Natural Resources LLC in the Smackover Formation, an underground rock formation that holds high …
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PetroChina Eyes North American LNG Volumes to Reduce Risk, Says Exec
PetroChina International, the trading arm of the Chinese oil major, says it is interested in North American liquefied natural gas supplies as it seeks to reduce trading risk by seeking flexibility in supply deals, said a company executive on Tuesday. “If I look at our portfolio today, I think we’re slightly overweight on duration. I …
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Commonwealth LNG Confirms 20-Year Sale and Purchase Agreement with PETRONAS
HOUSTON, June 17, 2025 /PRNewswire/ — Commonwealth LNG (“Commonwealth”) today identified PETRONAS LNG Ltd. (“PETRONAS”), a subsidiary of Malaysia’s national oil and gas company, as the major Asian energy company referenced in the company’s May 5 announcement of a buyer to purchase 1 million tonnes per annum (MTPA) of LNG for 20 years from Commonwealth’s 9.5 MTPA facility …
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