Regulators Greenlight CRC’s Carbon TerraVault I CCS Project
The approval by California’s Kern County Board of Supervisors clears California Resources Corp. to start construction activities for the carbon capture and storage project.
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In Memoriam: Jay Precourt (1937-2024)
Legendary wildcatter Jay Precourt leaves behind legacy of philanthropy in Colorado and at Stanford University.
Asset Manager Buys SandRidge Stake, Looks for More Midcon M&A
Investment manager Third Avenue believes Midcon E&P SandRidge Energy is primed for M&A and a boost to shareholder returns.
Spicewood Acquires Multiple Permian Basin Mineral Interests
Spicewood Mineral Partners added mineral and royalties interests in the Midland and Delaware basins, operated by E&Ps including Occidental Petroleum, ConocoPhillips and BP.
As Rig Count Slips, Oil Production Keeps Growing
Despite the offshore rig market showing signs of demand slippage, oil production looks to be on the rise for the foreseeable future, Westwood analysts say.
SAF Company Universal Fuel Technologies Raises $3MM
The funding will go toward advancing Unifuel’s Flexiforming technology and to help establish lab space in Texas for SAF sample production, the company says.
Transocean Signs Ultra-deepwater Drillship Contract in GoM
Transocean’s ultra-deepwater drillship contract in the Gulf of Mexico looks to generate $193 million in revenue for the company.
SLB Earnings Rise, But Weakened 4Q and 2025 Ahead Due to Oil Glut
SLB, like Liberty Energy, revised guidance lower for the coming months, analysts said, as oilfield service companies grapple with concerns over an oversupplied global oil market.
The Secretive World of Russian Oil Tanker Insurance Revealed
Insurers from Cameroon, Kyrgyzstan among firms covering fleet Western sanctions have forced tankers to operate in secret One of the energy market’s open questions since Russia’s invasion of Ukraine has been who’s insuring the tankers moving Moscow’s petroleum against the risk of a catastrophic oil spill. The answer is that while some are still covered by the …
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The Climate Scientist Who Leads Mexico Is Betting on Decades of Fossil Fuel
A new natural gas pipeline could help reduce poverty in the underdeveloped Yucatan — but it poses a challenge to Sheinbaum’s push to cut emissions Under the crystalline waters off southeast Mexico, workers are laying a pipeline that President Claudia Sheinbaum is counting on to underpin an economic boom and lift millions from poverty. The $4.5 billion …
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