Oil and Gas

Eneos to acquire Chevron Singapore refinery stake for $2.2 billion

Eneos Holdings announced Thursday it will buy Chevron’s 50 percent stake in Singapore Refining Company along with other Southeast Asian and Australian assets for nearly $2.2 billion. The transaction marks the Japanese firm’s first refining venture outside Japan and is slated to close in 2027.

Western midstream reports 15 percent EBITDA rise in Q1

13 Mwezi wa tano, 2026 Imeripotiwa na AI

Western Midstream Partners announced strong first-quarter results during an earnings call on May 12, driven by acquisitions and higher oil prices. The company highlighted growth across its operations.

Mazingira

Oil companies buy $164 million in Alaska leases despite injunction

Asia

Wetlands International warns against Ligawasan Marsh exploration

Asia

CNOOC plans up to 3% oil and gas output increase in 2026

U.S. interior department refunds $1 billion to TotalEnergies over wind leases

The U.S. Department of the Interior announced on Monday that it will refund nearly $1 billion to TotalEnergies for two unused offshore wind leases in the Atlantic Ocean. In exchange, the French company pledged to invest the funds in existing oil and gas projects in the Gulf of Mexico and Texas. Critics called the deal opaque and unnecessary.

Baytex Energy reaches net cash position with new CEO

4 Mwezi wa tatu, 2026 Imeripotiwa na AI

Baytex Energy has achieved a net cash position of C$800 million following the sale of its Eagle Ford assets and repayment of nearly all debt. Chad Lundberg will succeed Eric Gregor as CEO at the next annual meeting. The company's 2024 budget focuses on maintaining heavy oil output while expanding Duvernay light oil development.

Afrika