Category: News

Valero Energy has declared a net income attributable to its stockholders of $714m, for the second quarter of 2025.

Baker Hughes has secured a multi-year agreement with Genesis Energy to supply DRAs for two vital offshore oil pipelines in the US Gulf Coast.

Zefiro Methane’s subsidiary, Plants & Goodwin (P&G), has secured a new orphan well plugging project, Morrow 8, in Morrow County, Ohio, US.

TotalEnergies’ adjusted net income fell to $3.6bn for the second quarter of 2025, down from $4.7bn in the same period last year.

Kazakhstan’s oil exports through the Black Sea ports have resumed following a brief halt, as Russia’s FSB security service begins granting clearance to foreign tankers.

The US government is working towards granting Chevron, a partner of PDVSA, limited authorisations to resume operations in Venezuela.

Italy-based energy company Saipem and Subsea7 have signed a binding merger agreement, forming a new entity in the energy sector.

Mellitah Oil and Gas has entered into an agreement with Hill International to oversee a project aimed at enhancing Libya’s gas production.

Norton Rose Fulbright and Kirkland & Ellis have emerged as the top mergers and acquisitions (M&A) legal advisers in the oil and gas sector by value and volume, respectively, in H1 2025.

RBC Capital Markets emerged as the leading mergers and acquisitions (M&A) financial adviser in the oil and gas sector for the first half of 2025.