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Lucas Energy Inc., Houston, has agreed to partner with a private Houston-based oil and gas holding company in the Permian basin of Texas, and will change its name to Camber Energy Inc. to reflect the firm’s new operational focus.

According to the US Energy Information Administration’s Annual Energy Outlook 2017 (AEO 2017), which has projections through 2050, the US will become a net energy exporter in most cases as petroleum liquid imports fall and natural gas exports rise.

State Oil Co. of the Republic of Azerbaijan (SOCAR) and BP PLC-operated Azerbaijan International Operating Co. (AIOC) have signed a letter of intent for future development of Azeri-Chirag-Gunashli (ACG) field off Azerbaijan in the Caspian Sea.

DEA Norge AS is to acquire interests in seven licenses in the Njord area in the Norwegian Sea from Engie E&P Norge AS.

Cyprus’s Ministry of Energy, Commerce, Industry, and Tourism has awarded Blocks 6, 8, and 10 in the country’s exclusive economic zone to four international firms.

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