(Oil & Gas 360) By Greg Barnett, MBA – Washington says it pushed Chinese and Russian influence out of Venezuelan oil. Now American rigs, services, capital, and operators have to show up. The Deal Has an Execution Test The documents are beginning to arrive. Now where are the drilling rigs? On August 31, the White House put considerably more meat on
(Oil & Gas 360) by Greg Barnett, MBA – Inside America’s 65-Billion-Barrel Venezuela Transaction: President Donald Trump calls it “The Biggest Oil Deal in World History.” Venezuela says the agreement covers 17 strategic oil fields containing approximately 65 billion barrels of recoverable oil, could attract more than $100 billion of private investment and could generate more than $209 billion of
(Oil Price) – Back in October 2025, the U.S. Army unveiled the Janus Program to supply portable nuclear microreactors to military bases by 2028. Whereas these reactors are much smaller than conventional nuclear plants, they typically generate 1-20 megawatts of electricity per reactor, significantly more than what the biggest portable generators can manage. That makes them ideal for the military, considering that
(BOE Report) – President Donald Trump has accused U.S. oil refiners of gouging Americans, called for a Justice Department investigation and urged companies to use their bumper earnings to bring down gasoline prices that spiked amid the ongoing conflict with Iran. On Tuesday, he is expected to host many of those companies at the White House to celebrate efforts to
(Investing) – WASHINGTON/HOUSTON – Six months into the U.S.-Israeli war with Iran, Washington may find it harder to calm jittery oil markets after U.S. presidents drained the aging Strategic Petroleum Reserve over the last five years. The SPR, which Washington created after the oil crises of the 1970s, holds crude in a series of 60 underground salt caverns along the coasts
(World Oil) – Ovintiv has entered into more than 60 transactions totaling approximately $460 million so far in 2026, adding about 41,000 net acres and 240 drilling locations across its Permian and Montney assets. The acquisitions are part of Ovintiv’s 2026 “ground game” program, which targets smaller transactions intended to expand and strengthen the company’s existing acreage positions. The 240 net locations include 190 base locations and 50
(Oil Price) – The Trump administration is reportedly in active discussions with Venezuela’s interim government to acquire a direct U.S. ownership stake in key Venezuelan oil fields. According to senior U.S. officials cited by Axios, the talks involve equity stakes in a select group of high-yield fields containing approximately 90 billion barrels of proven crude—a transaction that would significantly alter Washington’s foreign
(BOE Report) – U.S. oil exports in July fell to 3.66 million barrels per day, the lowest level in eight months, ship tracking data showed, as a short-lived peace deal between the U.S. and Iran in June briefly flooded markets with Middle Eastern oil and diminished demand for American crude abroad. The U.S. had cinched the spot as the world’s
(Oil & Gas 360) By Greg Barnett, MBA – In 1975, America responded to energy insecurity by storing oil underground. Fifty years later, America may have responded to the same challenge in a very different way. Not by abandoning the Strategic Petroleum Reserve. By surrounding it with an energy system its creators could scarcely have imagined. That may sound like
(Investing) – DUBAI – The Trump administration backs a nuclear energy pact with Riyadh allowing Saudi Arabia to enrich uranium and process spent atomic fuel, two sources have said, a move that may worry regional states concerned about weapons proliferation. Here are some of the main issues at play: WHAT HAS HAPPENED SO FAR? Washington and Riyadh have for years been discussing
(Oil Price) – The national average price of gasoline in the United States topped $4 per gallon once again on Monday following the crude oil price rally of the past week amid the renewed hostilities in the Middle East and the fresh de facto closure of the Strait of Hormuz. As of July 20, the national average price for a gallon
(World Oil) – Vitol Group is in late stage talks to sell its shale oil venture VTX Energy Partners LLC to a consortium of two private equity buyers – Carnelian Energy Capital and EnCap Investments, a deal that would mark a scaling back for the trader in U.S. upstream oil and gas production. The companies could sign the deal as soon as next week,
