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(Oil & Gas 360) – April 22, 2025 – For over 25 years, global petroleum consultancy Netherland, Sewell & Associates, Inc. (NSAI) has hosted its highly regarded Oil & Gas Property Evaluation Seminar.  This content-rich program is designed to give non-technical energy professionals such as bankers, investors, analysts, lawyers, accountants, and new oil and gas industry professionals a basic education detailing the information and data that goes into evaluating oil and gas assets and preparing an independent reserves report.  NSAI is pleased to announce it is hosting a two-day session in Dallas on May 5th and 6th. The seminar covers the…

Image credit: Felipe Torres, Equinor. Equinor has entered into agreements with Brazilian company PRIO to sell its 60% operated interest in the Peregrino field in Brazil for a total value of $3.5 billion USD. PRIO, Brazil’s largest independent oil and gas company, will pay a consideration of USD 3.35 billion and a maximum of USD 150 million in interest to Equinor for the transaction. The final cash payment will reflect the closing date and any deductions generated by the asset since the effective date, which is 1 January 2024. Equinor will be responsible for operations of the field…

The Energy Workforce & Technology Council elected a slate of new officers and industry leaders during their 2025 Annual Meeting, held in Frisco, Texas. These individuals, who will serve one-year terms as Council co-chairs and co-vice chairs, and three-year terms as board and Advisory Board members, bring a wealth of experience and expertise to their roles. “It’s an honor to serve as Chair of Energy Workforce & Technology Council,” said Sam Sledge, CEO & Director, ProPetro Services. “Our sector continues to play a vital role in powering the world, and EWTC is a strong voice for the companies and individuals doing…

(Bloomberg) – Malaysia’s Petronas is evaluating a sale of its shale oil asset in Argentina, a move that would complete its exit from the country’s booming Vaca Muerta fields as several international drillers also look to divest from the region. Petronas has begun a process that may result in a sale of its 50% stake in La Amarga Chica, a venture with state-run YPF SA in the oil production heartland of Vaca Muerta, according to people familiar with the matter who couldn’t be named discussing private matters. Petronas has already been in talks with a potential suitor, one of the…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shell’s chief executive has said he would rather buy back more of his company’s own shares than launch a takeover bid for rival oil major BP. “We will always look at these things, but you are also looking to see what is the alternative,” Wael Sawan told the Financial Times. “Right now, buying back Shell [shares] for us continues to be absolutely the right alternative to go for.” Shell has been persistently linked to a bid for BP after a 32 per…

The Department of Energy (DOE) today released the following statement from U.S. Secretary of Energy Chris Wright on President Trump’s 2026 Budget released this morning: Energy.gov May 2, 2025  min minute read time WASHINGTON— The Department of Energy (DOE) today released the following statement from U.S. Secretary of Energy Chris Wright on President Trump’s 2026 Budget released this morning:“This is a consequential moment in American history—thanks to President Trump’s leadership, the Energy Department has an opportunity to help the nation restore energy dominance, lead the world in innovation, and modernize our nuclear weapons stockpiles. To succeed, we must instill a…

GRIFFIN, GA— U.S. Secretary of Energy Chris Wright today visited Rinnai America Corporation’s manufacturing facility for non-condensed tankless gas water heaters in Griffin, Georgia, to celebrate the first 100 days of the Trump Administration’s efforts to unleash American energy and innovation. The visit underscored the Department of Energy’s commitment to protecting consumer freedom, defending American manufacturing jobs, and restoring American energy dominance.“President Trump was elected to bring back common sense—to get the barriers out of the way and let Americans pursue their own dreams,” said Secretary Wright. “In these first 100 days, that’s exactly what we’ve started doing. Rinnai America is a…

Puerto Rico has voluntarily dismissed its 2024 climate lawsuit against big oil, a Friday legal filing shows, just two days after the US justice department sued two states over planned litigation against oil companies for their role in the climate crisis.Puerto Rico’s lawsuit, filed in July, alleged that the oil and gas giants had misled the public about the climate dangers associated with their products. It came as part of a wave of litigation filed by dozens of US states, cities and municipalities in recent years.Donald Trump’s administration has pledged to put an end to these cases, which he has…

Big Tech had little to say about President Donald Trump during their earnings calls this week.Neither Microsoft, Apple, Amazon, Alphabet, nor Snap mentioned the president at all, according to a review of transcripts from Q2 earnings calls by AlphaSense, a market intelligence company. Meta mentioned “Trump” just once in a press release from April 11.Big Tech executives have aligned themselves closer to Trump since he won the election. Alphabet CEO Sundar Pichai visited Trump at Mar-a-Lago after the election, and Google donated $1 million to the inauguration fund. Apple CEO Tim Cook did the same. Meta CEO Mark Zuckerberg also…

(Oil Price) – President Trump’s newly released 2026 budget proposal aims to slash over $15 billion in federal support for carbon capture and renewable energy programs, signaling a sharp pivot toward fossil fuels and nuclear energy—and away from climate-focused policy. The White House plan, which proposes $163 billion in total cuts to non-defense spending, also scraps $6 billion in funding for electric vehicle (EV) chargers from the 2021 bipartisan infrastructure law. The administration blamed the lack of charger deployment on overregulation and climate justice priorities, arguing that EV infrastructure should be built “just like gas stations”—by the private sector. The Department…