May 12, 2025 – Oil & Gas 360

CanCambria Energy Corp announces resource evaluation report for the Kiskunhalas tight-gas project, southern Hungary

May 12, 2025

(Oil & Gas 360) – Publisher’s Note: CanCambria Energy will be presenting at EneCom Denver – The Energy Investment Conference on August 17-20, 2025. Register and reserve your room. CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (“CanCambria” or the “Company”) is pleased to announce the results of the Company’s independent resource evaluation for the Kiskunhalas tight-gas project in southern Hungary

Cowboy Clean Fuels and Mercuria announce landmark offtake agreement for carbon-negative renewable natural gas

May 12, 2025

(Oil & Gas 360) – Gillette, WY — Cowboy Clean Fuels (CCF), a Wyoming-based climate tech and energy transition company, today announced a groundbreaking offtake agreement with Mercuria, one of the world’s leading independent energy and commodity trading groups. This partnership marks the first commercial agreement for the sale of Renewable Natural Gas (RNG) generated under CCF’s pioneering BiCRS+RNG Methodology at

US House budget bill seeks more than $1.5 billion for Strategic Petroleum Reserve

May 12, 2025

(Investing) – WASHINGTON -A U.S. House committee released a budget proposal that includes more than $1.5 billion to replenish and maintain the Strategic Petroleum Reserve, and cancels a congressionally mandated sale, following huge sales from the facility in 2022. The proposal from the House Energy and Commerce Committee released late on Sunday contains $1.32 billion to purchase oil to help replenish

ADNOC Drilling CFO sees $500 million of acquisitions this year

May 12, 2025

(World Oil) – The drilling unit of the United Arab Emirates’ biggest oil company expects to make three acquisitions in the second half of this year totaling about $500 million, as it expands in technology and hardware to bolster growth. Two of the deals will be for businesses developing artificial intelligence applications, ADNOC Drilling Co. Chief Financial Officer Youssef Salem said

NRG Energy to buy $12 billion worth of assets amid power demand supercycle

May 12, 2025

(Oil Price) – NRG Energy will buy a portfolio of gas-fired power generation facilities valued at $12 billion from LS Power Equity Advisors, as the Houston-based firm bets on the growing U.S. electricity demand. The deal for the portfolio of natural gas generation facilities and a commercial and industrial virtual power plant (C&I VPP) platform from LS Power will be a

Traders rebrand Venezuelan oil for China as Brazilian, sources and tanker trackers say

May 12, 2025

(BOE Report) – Traders have rebranded more than $1 billion of Venezuelan oil shipments to China as Brazilian crude over the past year, according to two tanker tracking firms, company documents and four traders, helping buyers to cut logistics costs and circumvent U.S. sanctions. Independent refiners in China are the main buyers of seaborne oil shipments from countries sanctioned by

BKV, CIP form carbon capture joint venture with $500 million investment

May 12, 2025

(World Oil) – BKV Corporation has formed a strategic joint venture with Copenhagen Infrastructure Partners (CIP), on behalf of its Energy Transition Fund I, to expand BKV’s portfolio of carbon capture, utilization and sequestration (CCUS) projects. CIP, on behalf of its Energy Transition Fund I, has agreed to commit $500 million to be invested by the JV for use in

As Brazilian president visits China, $1 billion sustainable fuel deal announced

May 12, 2025

(Investing) – SAO PAULO -Brazil announced two Chinese partnerships on Monday, including a $1 billion investment by China’s Envision Energy to produce sustainable aviation fuel, as the country’s president visits China. President Luiz Inacio Lula da Silva met with energy companies as well as with automaker GAC, and Chinese defense company Norinco. Minister of Mines and Energy Alexandre Silveira told journalists

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