trends

(Bloomberg) – Petronas, Malaysia’s state-owned oil and gas company, will cut about 10% of its workforce in a firm-wide restructuring as it looks to reduce costs due to falling crude prices.  The company […]

Vermilion Energy Inc. has entered into a definitive agreement for the sale of its U.S. assets for cash proceeds of ~$88 million ($120 million CAD). Proceeds from the transaction will go towards debt […]

A successful Energy NL Conference & Exhibition 2025 concluded Thursday after an informative and engaging discussion on the potential of the industry, indigenous participation in resource projects, trade and market diversification, regulations, and an update […]

Subsea resourcing and training specialist DRIFT Offshore has entered into a new partnership agreement with UHI North, West and Hebrides, to help address the global skills shortage in the subsea industry. UHI NWH’s […]

With artificial intelligence poised to become the defining force of global competitiveness, the Hamm Institute for American Energy has announced the launch of the American Energy + AI Initiative, a coordinated effort to ensure the United […]

TotalEnergies has signed an agreement with Shell to exchange its 20% non-operated interest in the Gato do Mato project for an additional 3% interest in Lapa, a producing offshore oil field. Upon closing, […]

(Bloomberg) – Viper Energy Inc., the mineral and royalty unit of Diamondback Energy Inc., agreed to buy Sitio Royalties Corp. for about $4.1 billion, including debt, in the latest deal focused on the Permian basin. […]

Getech Group plc, a leading locator of subsurface energy and mineral resources, and STRYDE, the onshore nodal seismic imaging experts, have jointly announced the launch of a new high impact targeting and exploration service designed […]

Aker Solutions has successfully installed an autonomous drone system on Aker BP’s Edvard Grieg platform in the North Sea, enabling frequent, remote inspections from shore. the Edvard Grieg platform, offshore North Sea The […]