Oil and Gas News | Upstream, Downstream and Global Midstream

TotalEnergies reduces share buybacks after oil and gas slump

Repurchase declines to US$750 million in the first quarter while Q4 adjusted net income came in at US$3.8 billion.

Authorize energy transactions with PDVSA under specific legal conditions.

Explosion in Pemex pipeline in Oaxaca during maintenance. Authorities activate emergency protocols.

The French oil company fully manages the plant, while Lukoil retains its 45% in the expectation of selling it.

Grid expansion and technological upgrades continue to be long-term structural drivers.

The Executive argues that extending the exploration frontier will put downward pressure on gas prices and strengthen Queensland's energy security.

The U.S. Secretary of Energy leads the first high-level energy rapprochement in decades to reactivate the Venezuelan oil industry.

Brent and WTI barrels rise after U.S. warnings about security in the Strait of Hormuz.

BP is moving away from quarterly buybacks and redirecting its capital to debt and new oil projects such as Boomerangue in Brazil.

The figure marks a clear shift to higher-yielding assets outside Norway.

The company expects to start production at Blackrod Phase 1 in the third quarter of 2026, one quarter ahead of schedule.

The agreement establishes a non-binding framework for the exchange of technical information and preliminary assessment of offshore areas.