Industry & Analysis
News
November 12, 2025
In a new op-ed, African Energy Chamber Chairman NJ Ayuk emphasizes that responsible oil and gas production is essential for Africa’s economic growth, energy security, and poverty reduction, despite mounting global pressure to curb exploration.
News
November 12, 2025
Namibia is moving to bring its oil and gas sector under presidential control as it prepares to join the ranks of Africa’s oil producers. The proposed reform follows major offshore discoveries by TotalEnergies, Shell and Galp, marking a new phase in Namibia’s energy governance and exploration growth.
News
November 11, 2025
Governments across Europe and the Middle East are scrambling to maintain operations at Lukoil’s global oil assets after the U.S. Treasury sanctioned Russia’s number two oil producer and blocked a proposed sale to Gunvor Group.
News
November 10, 2025
Lukoil has declared force majeure on oil shipments from Iraq’s West Qurna 2 field following new U.S. sanctions, marking the first major disruption to the Russian producer’s international operations.
News
November 06, 2025
DNO reported record Q3 revenue and profit, boosted by higher North Sea and Kurdistan output, and launched a fast-track plan for its Kjøttkake tie-back project.
News
November 06, 2025
U.S. shale producers are increasing output despite $60 oil, leveraging drilling efficiencies and lower break-even costs to sustain record production.
News
November 04, 2025
Coterra Energy defended its diversified U.S. oil and gas strategy after activist investor Kimmeridge called for leadership changes and divestitures. The company reaffirmed the value of its multi-basin model and disciplined capital approach.
News
November 04, 2025
Petrobras’ plan to divest shallow-water oil fields has been derailed after Brazil’s regulator, ANP, denied testing needed to restart production at 13 sites. The decision forces the state oil firm to absorb costly decommissioning as global oil prices weaken.
News
November 04, 2025
bp delivered $7.8 billion in operating cash flow and $2.2 billion in underlying profit for Q3 2025, supported by higher production, improved refining margins and strong upstream reliability. The company advanced six major projects—including new capacity in the U.S. Gulf—and sanctioned its Tiber-Guadalupe development.
News
November 03, 2025
Shell will invest about $1 billion on new oil blocks in Angola as the southern African nation seeks to boost production that’s dwindled over the years, the chairman of the oil regulator said.
News
October 31, 2025
The Railroad Commission of Texas assessed more than $1 million in fines against oil and gas operators and pipeline businesses during its October 30, 2025, meeting, reinforcing its oversight of industry safety, environmental compliance, and regulatory enforcement across the state.
News
October 31, 2025
ExxonMobil reported Q3 2025 earnings of $7.5 billion and record upstream production of 4.8 million boed, led by new output from Guyana’s Yellowtail project and record volumes in the Permian basin. The company also took FID on Hammerhead and expanded its Permian acreage with a Sinochem acquisition.
News
October 31, 2025
Chevron’s third-quarter earnings topped analyst forecasts as the company’s $53 billion Hess acquisition boosted global oil production and cash flow. Output rose 21% to 4.1 MMboed, supported by Hess’ stake in Guyana’s Stabroek Block.
News
October 29, 2025
Resilience as a valuable trait in today’s industry was a major topic of discussion for day two of the 2025 Women’s Global Leadership Conference in Energy, in Houston. Across several morning panels, guest speakers from various industry-leading companies shared the strategies and necessity of resilience in a market and industry environment that is rapidly changing.
News
October 29, 2025
ExxonMobil, Chevron, Shell, bp and TotalEnergies are pushing ahead with production growth in 2025–2026 despite falling crude prices and rising OPEC supply. Analysts say the oil majors are taking the long view, investing now to secure future resilience.
News
October 29, 2025
The Trump administration is ruling out plans to auction offshore oil and gas leases along the U.S. East Coast, scaling back its proposed five-year leasing program after opposition from coastal states and environmental groups.
News
October 28, 2025
The Railroad Commission of Texas is expanding outreach with new bi-monthly virtual listening sessions, giving Texans a chance to engage directly with state energy regulators and RRC experts.
News
October 27, 2025
UK-based energy services provider Petrofac has applied to enter administration after a failed restructuring deal and the cancellation of a major North Sea contract, placing more than 7,000 jobs worldwide at risk.
News
October 24, 2025
Nomura Holdings says India’s shift away from discounted Russian crude will be offset by potential lower U.S. tariffs under a new trade deal, easing the impact on growth. Economists expect reduced levies to boost India’s export competitiveness while managing inflation risks from higher oil prices.
News
October 23, 2025
The Trump administration has reopened Alaska’s Arctic National Wildlife Refuge for oil and gas leasing, reversing a Biden-era ban and paving the way for a winter lease sale. Interior Secretary Doug Burgum said the move will expand U.S. fossil fuel production across 1.56 million acres of the Arctic coastal plain.
News
October 23, 2025
U.S. sanctions targeting Russian oil producers Rosneft and Lukoil are unsettling China’s oil industry, which relies on Moscow for up to 20% of its crude imports. The measures, part of the Trump administration’s wider energy sanctions, raise fears of supply disruptions and secondary penalties.
