Industry Trends
News
September 30, 2025
ExxonMobil plans to eliminate about 2,000 jobs worldwide, representing 3–4% of its workforce, as part of a global restructuring plan that will see Exxon consolidate offices into regional hubs focused on core growth areas.
News
September 19, 2025
Texas upstream oil and gas employment ticked upward in August, with direct jobs reaching 205,100, according to new data from the Texas Independent Producers and Royalty Owners Association (TIPRO).
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
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 15, 2025
EnerMech has played a key role in developing the American Petroleum Institute’s (API) first certification program for Bolted Flange Joints (BFJs), a new industry credential designed to improve integrity, reliability, and safety across the oil and gas sector.
News
September 10, 2025
Alaska LNG, led by Glenfarne, has signed a Letter of Intent with JERA for 1 MMtpa of LNG over 20 years. The Alaska LNG project is the only federally approved LNG export project on the U.S. Pacific Coast.
News
September 09, 2025
U.S. oil producers have slashed $2 billion in spending and laid off thousands of workers amid falling prices and OPEC+ supply increases, threatening a slowdown in production growth.
News
September 08, 2025
Strathcona Resources Ltd. increased its bid for oil sands producer MEG Energy Corp., seeking to break up the oil sands producer’s sale to larger Canadian rival Cenovus Energy Inc.
News
September 01, 2025
Nigeria has set a lower threshold by which oil companies can recover their expenses as it seeks to boost government revenue amid lower crude oil prices threatening to widen the budget deficit in the West African nation.
News
August 29, 2025
Kazakhstan is preparing to channel some of its national wealth into artificial intelligence infrastructure, joining a global rush where venture capital firms and energy-rich states are betting billions on the sector despite volatility and surging valuations.
News
August 21, 2025
The African Energy Chamber (AEC) has officially opened an international office in Shanghai, China, aimed at strengthening cooperation between African governments and energy companies and their counterparts in China.
News
August 19, 2025
Chevron plans to merge Hess' exploration team with its own to challenge “conventional thinking” and make new discoveries, Chief Executive Officer Mike Wirth said in an interview on Tuesday.
News
August 15, 2025
Rystad Energy’s latest research shows the global amount of discovered, recoverable oil resources has increased by 5 billion barrels over the past year, even though 30 billion barrels were produced globally in 2024.
News
August 14, 2025
Tenaris has reached a new technical milestone in offshore Brazil with the successful deployment of corrosion-resistant alloy (CRA) tubulars with its renowned Dopeless® technology in two wells located in the Búzios and Jubarte fields.
News
August 07, 2025
Occidental has raised $950 million through recent Permian asset sales and repaid $7.5 billion in debt since July 2024, continuing its post-CrownRock strategy to streamline operations and strengthen its balance sheet.
News
August 06, 2025
Gulf Energy Information has announced the finalists for the 2025 Excellence Awards, honoring breakthrough technologies and projects in upstream, midstream and downstream sectors. The black-tie gala will be held Oct. 16 at The Post Oak Hotel in Houston.
News
August 01, 2025
The Energy Workforce & Technology Council has released its July 2025 jobs report, reflecting continued steadiness in the energy services sector amid broader signs of a cooling U.S. labor market.
News
July 24, 2025
IoT Nano is designed to meet growing global demand for cost-effective, low-data, low-power, Internet of Things (IoT) services across remote and challenging environments common in the oil and gas industry where mobile connectivity is required.
News
July 22, 2025
The world’s largest provider of hydraulic fracturing is forecasting shrinking margins in its biggest business line as weakening demand weighs on the prices it can charge, CEO Jeff Miller said Tuesday. The company plans to idle or retire some equipment.
News
July 21, 2025
bp Plc appointed the former boss of a building-materials company as its new chairman, replacing Helge Lund amid pressure for a change in the company’s direction from activist shareholder Elliott Investment Management.
News
July 18, 2025
Citing the latest report from the U.S. Bureau of Labor Statistics (BLS), the Texas Independent Producers and Royalty Owners Association (TIPRO) indicated a decrease in upstream employment in Texas in June following two months of consecutive job growth.
