The Kremlin on Thursday called for countries in the region to show restraint when it came to Venezuela in order to avoid what it called unpredictable events and called rising tensions "potentially very dangerous". The United States has in recent weeks been ramping up pressure on the government of Nicolas Maduro, which Kremlin spokesman Dmitry Peskov referred to as an ally and partner of Russia. (Reporting by Reuters, Writing by Felix Light Editing by Andrew Osborn) [Read more]
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Japan’s JAPEX buys US tight oil and gas assets in $1.3 billion deal
Japan Petroleum Exploration said on Thursday it will acquire Verdad Resources Intermediate Holdings LLC (VRIH), which owns tight oil and gas assets in the U.S. for $1.3 billion in its largest-ever deal. JAPEX will buy VRIH, which holds assets in Colorado and Wyoming, from Verdad Resources Feeder LLC using a mix of its own funds and debt. The transaction is expected to close by the end of February 2026. The Japanese energy firm has been seeking to become an operator of a U.S. oil and gas [Read more]
Asia’s imports of US energy drop in 2025 despite Trump trade moves: Russell
Asia's imports of U.S. crude oil, coal and liquefied natural gas are on track to decline this year despite President Donald Trump's efforts to boost shipments as part of his trade and tariff policies. The decline in imports from the United States is largely driven by China, the world's biggest buyer of commodities, which pulled back on purchases after Trump ramped up tariffs on U.S. imports of Chinese goods, with the current average rate around 47.5%. Asia's imports of U.S. crude oil are [Read more]
BP appoints Woodside’s Meg O’Neill as CEO after Auchincloss’ abrupt exit
Oil and gas major BP has appointed Meg O'Neill, the head of Australia's Woodside Energy, as its next CEO to lead its effort to boost profits and refocus on oil and gas after a detour into renewables. O'Neill, who will take over in April following the abrupt departure of Murray Auchincloss, will become BP's first CEO appointed from outside the company in its more than century-long history and the first woman to head any of the world's top five oil majors. The second CEO change in just over two [Read more]
BP’s CEO shake-up could pave way to mega merger: Bousso
The surprise appointment of Meg O'Neill as BP's first outsider CEO offers the bruised $90 billion British oil company three clear strategic choices for moving forward: build, buy or be bought. BP announced on Wednesday that CEO Murray Auchincloss would step down the following day and that O'Neill, current CEO of Australian-listed Woodside Energy, would succeed him in April. BP's head of trading Carol Howle will act as interim CEO until then. The leadership overhaul is the clearest signal [Read more]
Vermilion Energy Inc. Sells Additional Common Shares of Coelacanth Energy Inc.
CALGARY, AB, Dec. 17, 2025 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion" or the "Company") (TSX: VET) (NYSE: VET) announces that it has filed an early warning report (the "Early Warning Report") in respect of its holdings in Coelacanth Energy Inc. ("Coelacanth"). On December 17, 2025, Vermilion sold 26,000,000 common shares ("Common Shares") of Coelacanth through privately negotiated transactions with various sellers, at a price of $0.76 per Common Share for a purchase price of $19,760,000 [Read more]
Tenaz Energy Corp. Announces 2026 Guidance
CALGARY, ALBERTA--(Newsfile Corp. - December 17, 2025) - Tenaz Energy Corp. ("Tenaz", "We", "Our", "Us" or the "Company") (TSX: TNZ) is pleased to announce its 2026 production and capital guidance. Our Board of Directors has approved a capital expenditure budget of $250 to $275 million. Production guidance for 2026 is 19,500 to 22,500 boe/d1, reflecting year-over-year production growth (at mid-point of guidance) of approximately 115% from 2025. 2026 Guidance Average production [Read more]
Saturn Oil & Gas Inc. Announces 2026 Capital Budget and Guidance Designed to Optimize Free Funds Flow, Continue Debt Repayment and Preserve Long-Term Value
Disciplined $180 to $190 million development capital budget retains flexibility and targets quick payback opportunities Forecast average production of 39,000 to 41,000 boe/d, with ability to quickly ramp up capital and volumes should prices strengthen Free funds flow allocated to debt repayment and share buybacks, with forecast free funds flow yield of 25% to 35% Up to 1/3 of total development capital allocated to high-return, rapid payback open hole multi-lateral ("OHML") drilling [Read more]
US asks oil firms if they would return to Venezuela were Maduro to go, Politico reports
The Trump administration is asking U.S. oil companies if they would want to return to Venezuela were President Nicolas Maduro to go, Politico reported on Wednesday, citing three people familiar with the discussions. Politico also reported that the answer, so far, has been "no." (Reporting by Jasper Ward in Washington; editing by Costas Pitas) [Read more]
US judge blocks Michigan from enforcing order to shut down Enbridge’s Line 5 oil pipeline
A U.S. judge on Wednesday blocked Michigan from enforcing a 2020 order to shut down Enbridge's Line 5 oil pipeline running beneath a channel linking two of the Great Lakes, ruling that pipeline safety is a federal responsibility. The decision comes five years after Michigan Governor Gretchen Whitmer revoked an easement allowing Canadian company Enbridge to operate a 6.4-km (4-mile) stretch of aging pipeline underneath the Straits of Mackinac, which connect Lake Michigan and Lake Huron, citing [Read more]
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