Industry & Analysis
News
July 23, 2025
Upstream M&A decelerated in the second quarter of 2025, with value falling 21% quarter-over-quarter to $13.5 billion, according to Enverus Intelligence Research (EIR) summary of Q2 2025 upstream M&A activity and outlook for the rest of the year.
News
July 22, 2025
A group of eight oil and natural gas trade associations are calling on lawmakers in the U.S. House of Representatives to “take swift action on permitting reform,” in a letter to Chairman Bruce Westerman ahead of an oversight hearing tomorrow in the House Natural Resources Committee.
News
July 22, 2025
ExxonMobil was recently denied a motion to dismiss a lawsuit that claims it breached a Contingent Resource Payment Agreement (CRPA) it held with InterOil, a company with natural gas interests in Papua New Guinea whom Exxon acquired in 2017.
News
July 21, 2025
Mozambican President Daniel Chapo said he expects to soon conclude talks with TotalEnergies SE over the restart of a $20 billion natural-gas project that halted four years ago because of an Islamic State-linked insurgency.
News
July 21, 2025
U.S. Treasury Secretary Scott Bessent said the next round of U.S.-China talks could include a discussion of China’s purchases of Russian and Iranian oil, a signal that the focus could shift from more traditional trade issues to ones that cross over into matters of national security.
News
July 18, 2025
Chevron’s victory in a lengthy arbitration initiated by Exxon allowed the $53 billion takeover of Hess Corp. to proceed. With Exxon being the majority owner and operator of the disputed Guyana oil fields, the two oil giants face a new challenge: collaboration.
News
July 18, 2025
California Governor Gavin Newsom is proposing a bill to streamline permitting for new oil wells that environmental groups say would wipe out scrutiny of the industry.
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.
News
July 18, 2025
ExxonMobil released a formal statement on Friday following a ruling by the International Chamber of Commerce (ICC) Tribunal related to its contractual dispute with Hess Corporation over interests in the Stabroek Block offshore Guyana.
News
July 18, 2025
Chevron has completed its $53 billion takeover of Hess Corporation, having won its arbitration case against ExxonMobil regarding Hess' offshore Guyana assets which had delayed the takeover for over a year.
News
July 17, 2025
"The revisions announced will do much to streamline the program and ensure taxpayer funds are used efficiently to plug as many orphaned wells as possible," wrote Railroad Commission of Texas Chairman Jim Wright.
News
July 17, 2025
Wind and solar projects being constructed on federal land will be required to undergo a new review process at the U.S. Interior Department, under a new Trump administration directive that could slow the approval of projects.
News
July 17, 2025
Chevron is cutting drill rigs and frac crews in the Permian basin as it approaches its long-term target of producing 1 million boed in the region. “We’re going from growth to cash generation," said Bruce Niemeyer, who heads up Chevron's shale business.
News
July 16, 2025
Activity is slowing in U.S. oil fields as drillers remain in the crude-price danger zone for profits, according to one of the biggest investors of private operators in the shale patch.
News
July 15, 2025
Argent LNG has initiated a comprehensive EPC partner review in preparation for entering the Federal Energy Regulatory Commission (FERC) pre-filing and permitting process for its 25 MMtpa LNG export project in Port Fourchon, Louisiana.
News
July 14, 2025
Oil prices dropped as U.S. President Donald Trump reignited his global trade war, while his latest plan to pressure Russia into a ceasefire with Ukraine didn’t include new measures aimed directly at hindering Moscow’s energy exports.
News
July 11, 2025
Saudi Arabia raised crude output far above its OPEC+ quota last month, joining other producers in a rush to export oil out of the Persian Gulf as Israel went to war with Iran, according to the International Energy Agency.
News
July 11, 2025
bp Plc said it expects to report rising production and a strong result from its oil trading business for the second quarter, offering a boost for the energy major struggling to reverse years of underperformance.
News
July 11, 2025
West Texas Intermediate advanced almost 3% to settle above $68 a barrel after U.S. President Donald Trump said he plans to make a “major statement” on Russia on Monday and reiterated criticism of President Vladimir Putin.
News
July 10, 2025
With OPEC+ nearing the end of a first phase of major output hikes, the market’s attention is turning to what will come after, say Goldman Sachs analysts. The organization and its allies have been voluntarily holding back a second, smaller tranche of supply, propping up oil prices.
News
July 10, 2025
Senior officials from three of OPEC’s core producer nations — Saudi Arabia, the United Arab Emirates, and Kuwait — spoke out at a conference in Vienna this week in support of the producer group's recent mega-supply boosts, citing stability and benefits to the broader global market.
