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The Caofeidian 6-4 Oilfield and Wenchang 19-1 Oilfield Phase II projects by CNOOC Ltd. are expected to produce more than 20,000 bbl/d of crude combined.

Chevron Corp. reported that between January and March 2025 it purchased about 5% of Hess Corp. shares, according to a Securities and Exchange Commission filing.

Private equity firm Voyager Interests’ Haynesville Shale portfolio company VooDoo Energy Services will merge with Tejas Completion Services as part of a transaction backing Tejas, Voyager said.

The Russian Federation’s illegitimate oil tankers are keeping the country’s economy afloat, analysts say.

Failure to meet these conditions may lead to the termination of the deal. 

Cheniere’s Corpus Christi LNG Stage 3 expansion project produced its first LNG in December.

The price of Brent crude could get a boost from Trump’s threats of sanctions on Russia, Iran and Venezuela, but it is doubtful it will break $72/bbl, Stratas Advisors says.

Baker Hughes will provide TURBINE-X with its NovaLT gas turbine is capable of running on different fuels including natural gas, various blends of natural gas and hydrogen.