Industry & Analysis
News
October 03, 2025
The American Petroleum Institute (API) welcomed a federal court ruling that overturned a previous administration’s attempt to permanently ban new offshore oil and gas leasing, calling the decision a major step toward restoring access to U.S. energy resources.
News
October 03, 2025
OPEC+ members are debating the size of their next oil supply increase, with options ranging from a modest 137,000 bpd to a larger boost. The decision, expected at the November meeting, comes as crude prices trade near four-month lows.
News
October 02, 2025
The Railroad Commission of Texas (RRC) has assessed more than $1.5 million in penalties against oil and gas operators and businesses during its latest open meeting, underscoring the agency’s continued focus on regulatory enforcement and compliance across the industry.
News
October 01, 2025
Enverus Intelligence Research warns that Illinois’ ban on CO₂ sequestration beneath the Mahomet Aquifer has halted 5.6 MMtpa of carbon storage projects and could set a precedent nationwide, putting 20% of U.S. carbon capture capacity at risk.
News
September 30, 2025
At the Energy Workforce & Technology Council’s (EWTC) 2025 Business Optimization Conference, leaders spotlighted two urgent priorities for the oilfield services sector—meeting surging global power demand with U.S. LNG and navigating policy and workforce hurdles to sustain growth.
News
September 30, 2025
Equatorial Guinea and Chevron have signed an agreement for the development of the Aseng Gas Project in Block I. The Aseng project represents an initial investment of $690 million, and underscores the country's long-term strategy to become a premier hub for natural gas in Africa.
News
September 26, 2025
In a new Op-Ed, Texas Railroad Commissioner Wayne Christian backs President Trump’s blunt UN remarks, calling the global climate agenda a costly con that threatens U.S. energy security.
News
September 25, 2025
bp no longer expects global oil demand to peak this year, projecting growth through the 2030s instead. In its latest Energy Outlook, the company forecasts demand reaching 103.4 million barrels a day by 2030.
News
September 24, 2025
Suriname’s government is negotiating with bondholders to delay debt repayments until offshore oil revenues begin in 2028. With TotalEnergies set to tap 760 million barrels of reserves, the economy aims to stabilize finances and attract investment while preparing for its first crude output.
News
September 24, 2025
With Africa requiring up to $240 billion annually to meet its energy and climate goals, attracting investment is more crucial than ever. A consistent theme emerging across the continent is the need for stable and transparent regulatory frameworks to foster investor confidence and drive sustainable development.
News
September 23, 2025
Wood Mackenzie has entered into a strategic data partnership with Novi Labs to enhance its Lens Lower 48 solution, integrating operator-verified well data and AI-driven lease-to-well algorithms. The partnership will cover 4.4 million wells that account for over 20% of global oil and gas supply.
News
September 23, 2025
U.S. President Donald Trump criticized the UK’s North Sea oil tax regime and green energy push in a UN speech, warning that Prime Minister Keir Starmer’s policies risk shutting down new offshore development.
News
September 19, 2025
Nigeria’s NNPC Ltd. is accelerating upstream oil and gas growth with new production sharing contracts alongside TotalEnergies, crude supply agreements and gas pipeline progress. The company aims to attract $60 billion in upstream investment by 2030.
News
September 18, 2025
ExxonMobil says global energy demand will hold steady, reinforcing its long-term fossil fuel strategy. The company plans to double LNG sales by 2030, expand production in Guyana and the Permian, and advance new LNG projects in Mozambique and Papua New Guinea.
News
September 18, 2025
ExxonMobil CEO Darren Woods blasted the EU’s new Corporate Sustainability Due Diligence Directive, calling it “bone-crushing” for upstream operators. The law, set for full rollout by 2029, would mandate binding net-zero plans across global supply chains and fine violators up to 5% of global revenue.
News
September 17, 2025
A new IEA report warns that accelerating oil and gas field decline rates could remove the equivalent of Brazil and Norway’s combined production each year without continued upstream investment, raising concerns for energy security and market balance.
News
September 16, 2025
Energy NL has written to Newfoundland and Labrador’s provincial party leaders ahead of the 2025 election, seeking clear positions on offshore oil and gas, Bay du Nord incentives, federal emissions cap regulations, and renewable energy development.
News
September 16, 2025
South Africa’s Constitutional Court is set to rule on Shell’s disputed offshore seismic survey, a decision that could shape the future of the nation’s oil and gas exploration. The case, driven by environmental activists, has stalled Shell’s Wild Coast program since 2021.
News
September 16, 2025
A new Rystad Energy study commissioned by AXPC highlights the vital role of independent producers in U.S. oil and gas. In 2024, onshore independents supported 3.1 million jobs and generated $488 billion in GDP output while producing over 85% of crude and 90% of natural gas.
News
September 12, 2025
Kuwait Petroleum Corp. is considering leasing $7 billion worth of pipelines to fund its $65 billion investment program, with $33 billion focused on boosting upstream oil production capacity to 4 million bpd by 2035.
News
September 12, 2025
The EPA under President Trump plans to end the Greenhouse Gas Reporting Program, halting emissions tracking from power plants, industrial facilities, oil refineries and other major polluters. The move could obscure 2.6 billion metric tons of emissions annually while saving businesses $2.4 billion in regulatory costs.
