Industry & Analysis
Article
February 2025
The outlook for international E&P remains mixed, with a slight gain in drilling expected. Four of eight regions will be up, three will be down, and the Middle East will be flat. South America and the Far East/South Asia are the stand-outs. Offshore activity will fare better than onshore work.
News
March 04, 2025
ChampionX's Aerial Optical Gas Imaging (AOGI) platform has received approval from the U.S. Environmental Protection Agency (EPA) for the Methane Alternative Test Method outlined in OOOOb, marking a significant milestone in emissions management.
News
March 04, 2025
Global oil demand will hit a record this year as Asian countries, particularly China and India, continue to expand consumption, said Saudi Aramco's CEO in an earnings call. Oil use is set to rise by 1.3 million barrels a day (bpd) this year to just over 106 million bpd.
News
March 03, 2025
The Texas Independent Producers & Royalty Owners Association (TIPRO) released the 10th edition of its “State of Energy Report,” offering a detailed analysis of national and state trends in oil and natural gas employment, wages and other key economic factors.
News
March 03, 2025
OPEC+ will proceed with plans to revive halted oil production after repeated delays, amid pressure from President Donald Trump to lower oil prices. The group led by Saudi Arabia and Russia will go ahead with the increase of 138,000 bpd in April, a delegate said.
News
February 28, 2025
The Association of the Petroleum Industry of Kurdistan (APIKUR) applauds U.S. Secretary of State Marco Rubio’s efforts to restart oil exports from the Kurdistan Region of Iraq, including in a call with Iraqi Prime Minister Mohammed Shia al-Sudani on February 25, 2025.
News
February 28, 2025
The Texas Alliance of Energy Producers and the Independent Petroleum Association of America (IPAA) have both released statements applauding energy leaders in the U.S. House and Senate in eliminating a costly and harmful EPA rule put into place late last year.
Article
February 2025
It’s been an odd start to 2025. Amid stronger underlying factors, the Canadian oil patch normally would be gearing up to bolster production. But with the federal government in disarray amid threats of a damaging trade war from the U.S., uncertainty remains the only constant.
Article
February 2025
Known for delivering engineering, advisory and operational solutions, Wood is involved with major projects globally. One of the firm’s key executives believes Wood will continue to pursue a dual track of oil and gas work, and energy transition projects, as the economic picture brightens.
Article
February 2025
As we do every year at this time, we have just completed our annual winter forecast. And quite frankly, this new forecast is calling for nearly a full repeat of 2024’s performance, in terms of overall activity numbers.
News
February 27, 2025
The Senate has voted to repeal a new U.S. fee on methane emissions from oil and gas producers, sending the measure to President Trump for signature. Trump previously criticized the Biden administration's oil and gas regulations as too burdensome on the industry.
News
February 26, 2025
In a highly anticipated presentation, bp CEO Murray Auchincloss reversed a plan to shrink oil and gas production and cut investments in low-carbon energy, but also slashed the quarterly share buyback, dimming the appeal to investors.
News
February 26, 2025
U.S. President Donald Trump said he plans to revoke an oil license to operate in Venezuela, citing the country’s failure to take back migrants to the U.S. as quickly as it promised. Under the terms of the license, Chevron would have to exit Venezuela by the end of July.
News
February 26, 2025
American Petroleum Institute (API) President and CEO Mike Sommers addressed the Economic Club of Pittsburgh where he discussed rising electricity demand driven by the AI revolution and detailed policy solutions for the Trump administration and new Congress to power America’s energy future.
News
February 25, 2025
Brazilian regulators are cracking down on some offshore drilling by oil giants like Petrobras and Equinor ASA, complicating exploration and production projects at a key moment in the nation’s effort to boost crude output.
News
February 25, 2025
"America’s energy sector shouldn’t pick winners or losers; it should allow the free market to provide rock-bottom prices." Texas Railroad Commissioner Wayne Christian gives his take on energy subsidies and the dangers of runaway government spending in this Op-Ed.
News
February 24, 2025
Chevron's presence in Venezuela has helped lift the nation’s crude production back above 1 million bpd, in turn boosting the local economy. Now U.S. President Trump is poised to leverage this to get what he wants from Venezuelan President Nicolás Maduro.
News
February 21, 2025
The African Export-Import Bank (Afreximbank) has announced plans to establish a $1 billion oil service financing facility in Guyana. This initiative aims to enhance local participation in the country’s fast growing oil industry, in alignment with the government's local content policies.
News
February 21, 2025
National Ocean Industries Association President Erik Milito has issued a statement after the Bureau of Ocean Energy Management (BOEM) rescinded NTL No. 2023-G01, Expanded Rice’s Whale Protection Efforts During Reinitiated Consultation with NMFS.
News
February 20, 2025
The Railroad Commission of Texas assessed $1,346,019 in enforcement docket fines against operators and businesses at the Commissioners’ open meeting on Wednesday. The Commission has primary oversight and enforcement of the state’s oil and gas industry and intrastate pipeline safety.
News
February 19, 2025
Sentinel's Texas GulfLink deepwater port has received approval from the U.S. DOT's Maritime Administration, marking a critical step forward for crude oil exports after a multi-year review process.
