North America
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 02, 2025
Berkshire Hathaway has agreed to buy Occidental Petroleum’s OxyChem unit for $9.7 billion in cash, marking Berkshire’s largest deal since 2022. Occidental plans to use $6.5 billion of proceeds to cut debt below $15 billion, reinforcing its strategy to prioritize long-term oil and gas development in the Permian basin.
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
October 01, 2025
Weatherford International launched its Industrial Intelligence digital portfolio at the FWRD 2025 Technology Conference in Houston, introducing advanced edge automation, digital twin technology and AI-powered platforms.
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
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 29, 2025
Carlos Slim’s Grupo Carso has secured a $1.99 billion contract with Pemex to drill 32 wells at the Ixachi gas and condensate field in Veracruz. The project affirms Pemex's efforts to boost output amid mounting debt and a push for energy self-sufficiency by 2027.
News
September 29, 2025
BKV Corporation has closed its $370 million acquisition of Bedrock Energy Partners’ Barnett shale assets, adding 97,000 net acres, 108 MMcf/d of production, and expanded drilling inventory to solidify its role as the basin’s largest gas producer.
News
September 29, 2025
Occidental Petroleum is in talks to sell its OxyChem petrochemical unit in a deal worth at least $10 billion, the Financial Times reported Sunday. The divestment would be the U.S. company’s biggest yet.
News
September 29, 2025
Operator LLOG Exploration has achieved first production at the Salamanca Floating Production Unit in the deepwater U.S. Gulf. The facility, located in 6,400 ft of water, marks the first reuse of a former Gulf production unit repurposed for new development.
News
September 29, 2025
TotalEnergies has sold a $1.25 billion U.S. solar portfolio stake to KKR while acquiring a 49% interest in Continental Resources’ Oklahoma gas assets. The strategy highlights the French major’s balance between recycling capital from renewables and reinforcing its upstream oil and gas position in North America.
News
September 29, 2025
bp has reached a final investment decision on the $5 billion Tiber-Guadalupe development, advancing its second new production hub in the U.S. Gulf of America/Gulf of Mexico in less than two years.
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
Nabors Industries and Caturus Energy have launched the PACE-X Ultra™ X33 rig, the most powerful onshore drilling system in the U.S. The rig enables complex well designs, including 4-mile laterals and 14,000+ ft depths, setting new benchmarks for efficiency, safety and lower-carbon operations.
News
September 25, 2025
WellSense and FrontRow Energy Technology Group completed their first technology divestment as Halliburton acquires a global license for FiberLine Intervention (FLI) well diagnostics technology, advancing well stimulation monitoring and efficiency in the oilfield sector.
News
September 23, 2025
Seatrium Limited has agreed to sell its AmFELS Yard in Brownsville, Texas, to Karpower Valley LLC for $65 million. The divestment enhances capital efficiency while maintaining Seatrium’s U.S. market presence through technology centers and service hubs.
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
In today’s global energy landscape, where operating risks are high and scrutiny can be intense, certification provides a competitive advantage, rooted in quality and consistency. The American Petroleum Institute (API) has long helped define what quality and consistency look like, developing widely adopted standards and certification programs that support safe, reliable and efficient operations across the oil and natural gas industry.
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 18, 2025
The U.S. Senate has confirmed former Energy Workforce & Technology Council (EWTC) CEO Leslie Beyer as Assistant Secretary for Land and Minerals Management at the Department of the Interior, a role with sweeping oversight of U.S. oil, gas and mining activity on federal lands and offshore.
