Energy Sector

Pemex announces $1.35 billion in spending cuts, prioritizing high-producing wells while deferring projects to optimize resources amid financial challenges.

APA Corp is exploring a $1 billion sale of its Permian Basin assets to streamline operations and reduce debt, aligning with its strategic focus on shale production.

Significant revisions to US energy data by the EIA have left traders and analysts confused, questioning the reliability of crucial market information.

Quantum Capital Group to buy U.S. power producer Cogentrix Energy for $3 billion, highlighting growing investor interest in the energy sector amid rising power demands.

The Organization of the Petroleum Exporting Countries (OPEC) is shifting its focus in oil market reporting. Instead of estimating demand for its own crude oil production, OPEC will now prioritize …

U.S. gasoline and diesel demand have plunged to their lowest seasonal levels since the 2020 pandemic, according to new data. This slump is squeezing refining margins, threatening to disrupt two …

Nigeria is on the brink of finalizing a significant deal that could see the sale of Exxon Mobil’s oil assets to indigenous oil firm Seplat Petroleum Development Company Plc. The …

Major oil and gas companies reported weaker-than-expected first-quarter earnings on Friday, as a sharp drop in natural gas prices compared to last year took a bite out of profits. The …

In a significant development for the oil industry, Trident Energy has initiated exploration activities in the Republic of Congo, signaling a new chapter in the country’s energy sector. The move …

Guinea finds itself in the grip of an escalating electricity supply crisis, underscoring the urgent need for decisive measures to address the country’s pressing energy challenges. The situation has reached …