Southgate’s length was reduced to 31.3 miles from 75 as part of the amendments, and its OD increased to 30 in. FERC approved amendments to the original Southgate Extension project in late 2025.

This new concession will develop the large gas cap resources of Bab onshore field, with a target production rate of 1,500 MMcfd. It builds on the 2015 renewal for 40 years of the onshore oil concession (formerly ADCO).

Vertex Energy's Mobile refinery will produce an incremental 6,000 b/d of conventional Group III base oils to support its strategy of becoming North America's leading producer.

The company submitted the PDO for the Ofelia and Gjøa Nord developments to the Ministry of Energy with a target to produce more than 400,000 boe/d long-term.

The operator is set to submit plan for Vaca Muerta development, leveraging the government's new RIGI regime for long-term stability and incentives, focusing on El Trapial Este.

Permian basin natural gas production continues to outpace takeaway capacity, leading to negative Waha hub prices and infrastructure bottlenecks. Major pipeline projects like Hugh Brinson and Blackcomb aim to increase capacity by late 2026, while operators adapt strategies to mitigate constraints amid rising demand from LNG and power generation sectors...