Core Viewpoint - Exxon Mobil is still interested in exploring opportunities in Venezuela and is ready to send an assessment team to the country despite potential restrictions from the U.S. government [1] Company Summary - Exxon Mobil's interest in Venezuela indicates a strategic move to assess the oil market in the region [1] - The company is prepared to take steps towards engagement in Venezuela, which may involve sending a team for evaluation [1] Industry Summary - The situation highlights the complexities of U.S. foreign policy on oil companies operating in politically sensitive regions like Venezuela [1] - The potential involvement of Exxon Mobil in Venezuela could impact the oil supply dynamics and market conditions in the region [1]

President Donald Trump's renewed push for aggressive oil production faces harsh economic realities at home and abroad, according to economist Paul Krugman, who said that the strategy collapses under basic profit-and-loss math.‘Drill Baby, Drill’ Is DeadIn his newsletter on Monday, Krugman said Trump returned to the White House with two major economic ideas: “tariffs and drill, baby, drill.”Krugman also highlighted Trump’s promises on the campaign trail to slash energy prices, and his inaugural address in 20 ...

Core Viewpoint - Oil prices increased due to heightened concerns regarding Iran and potential supply disruptions, which overshadowed the expected increase in crude supply from Venezuela [1] Group 1 - Oil prices experienced a rise on Tuesday [1] - Concerns surrounding Iran are contributing to market volatility [1] - The prospect of supply disruptions is influencing oil price dynamics [1] Group 2 - Increased crude supply from Venezuela is anticipated but is currently outweighed by geopolitical concerns [1]

At least two supertankers, not under sanctions, were departing Venezuelan waters on Monday carrying crude, according to monitoring service Tankertrackers.com and shipping records from state-run compan... ...

The Strait of Hormuz, a critical chokepoint for global oil markets, is back in focus for oil traders ...

Core Viewpoint - Parex Resources Inc. has provided a production update for Q4 2025 and announced the abandonment of the Guapo-1 exploration well due to non-commercial hydrocarbon production [1][4]. Production Update - Average production for Q4 2025 was 48,606 barrels of oil equivalent per day (boe/d), representing an 11% increase from Q3 2025 [6]. - Production breakdown for the three months ended December 31, 2025: - Block LLA-34: 19,719 boe/d - Southern Llanos: 22,470 boe/d - Northern Llanos: 2,848 boe/d - Magdalena Basin: 2,065 boe/d - Natural Gas Production: 1,504 mcf/d [2]. Monthly Production Breakdown - Monthly average production figures: - October 2025: 49,300 boe/d - November 2025: 50,100 boe/d - December 2025: 46,500 boe/d [3]. Guapo-1 Exploration Well - The Guapo-1 exploration well was spudded in October 2025 and reached a target depth of approximately 15,000 feet. The well was abandoned after determining that hydrocarbon production was not commercial, with drilling costs around $12 million [4]. Company Overview - Parex Resources Inc. is one of the largest independent oil and gas companies in Colombia, focusing on sustainable and conventional production. The company is headquartered in Calgary, Canada, with an operating office in Bogotá, Colombia [5].

OKLAHOMA CITY, Jan. 12, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it will report fourth-quarter 2025 results on Tuesday, Feb. 17, after the close of U.S. financial markets. The earnings release and presentation for the fourth-quarter 2025 results will be available on the company’s website at www.devonenergy.com. On Wednesday, Feb. 18, the company will hold a conference call at 10 a.m. CDT (11 a.m. EDT), which will consist primarily of answers to questions from analysts and inve ...

President Donald Trump said Sunday that he is "inclined†to keep ExxonMobil out of Venezuela after its top executive was skeptical about oil investment efforts in the country after the toppling of for... ...

Core Insights - Pampa Energía S.A. is a significant player in the Argentine energy sector, particularly in utilities and oil and gas, with a notable advantage in its diversification strategy [1] Group 1: Company Overview - Pampa Energía S.A. operates in the utilities and oil and gas sector in Argentina, highlighting its importance in the national energy landscape [1] - The company’s diversification is seen as a positive aspect, providing a buffer against sector-specific risks [1] Group 2: Investment Perspective - The company has exposure to oil, which is a critical factor for investors focusing on energy equities [1] - Emerging markets, including Argentina, present significant potential for investment, albeit with associated risks [1]

Key Takeaways EQNR awards a NOK100B, five-year maintenance and modification contract for its assets starting in 1H26.EQNR states ageing NCS assets need upgrades to support production and energy supply to Europe by 2035.EQNR expects 4,000 man-years of work, with suppliers supporting long-term efficiency and production goals.Equinor ASA (EQNR) awarded a contract worth around NOK 100 billion ($9.9 billion) to seven supplier companies for maintenance and modification of its offshore installations and onshore pl ...