British oil giant BP has signed an agreement with Venezuela to explore the offshore Loran gas area, marking another step in international energy companies' renewed engagement with the South American nation's oil and gas sector.

Separately, the White House announced that a senior official will travel to Venezuela to meet with energy and mining executives, continuing diplomatic and business discussions between the two countries regarding energy cooperation.

In the nuclear energy sector, fusion power startup Zap Energy announced it is expanding its focus beyond fusion technology to include nuclear fission reactor development. The Seattle-based company, which has been working on fusion energy solutions, described the move as a strategic pivot to develop both fusion and fission nuclear technologies.

Meanwhile, in the oil services sector, ProPetro has entered into an agreement with Caterpillar for power generation equipment capable of producing up to 2.1 gigawatts of electricity, though specific details of the arrangement were not immediately available.

These developments reflect ongoing activity across multiple segments of the global energy industry, from traditional oil and gas exploration to emerging nuclear technologies and power generation infrastructure.