Industry & Analysis
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.
News
July 09, 2025
Chevron is reducing local and regional business units in favor of a more centralized model to improve performance and cut as much as $3 billion of costs by 2026. Changes will include single divisions for both offshore and shale operations, says Vice Chairman Mark Nelson.
News
July 09, 2025
Kuwait Petroleum Corp., Kuwait’s state oil company, said OPEC+’s latest super-sized supply hike and recent interactions with customers suggest persistent demand growth beyond the summer driving season.
News
July 08, 2025
The Energy Workforce & Technology Council (EWTC) has formally called on Mexican President Claudia Sheinbaum to address long-standing and growing non-payments by PEMEX to critical oilfield service providers. EWTC emphasized that service disruptions could begin if the situation remains unresolved.
News
July 08, 2025
U.S. crude output is now expected to grow by 160,000 bpd this year to 13.37 million bpd and remain flat in 2026, according to the Energy Information Administration’s Short-Term Energy Outlook released Tuesday.
News
July 07, 2025
Oil prices reduced earnings by about $1 billion while gas contributed another $500 million hit when compared to the first quarter, ExxonMobil in a statement Monday, noting that a volatile quarter for commodity prices has weighed on second-quarter profits.
News
July 04, 2025
OPEC+ will increase oil production even more rapidly than expected next month, as the group led by Saudi Arabia seeks to capitalize on strong summer demand in its move to reclaim market share. Eight key alliance members agreed to raise supply by 548,000 bpd at a conference on Saturday.
News
July 04, 2025
Petrobras is considering the sale of its onshore operations in Brazil’s northeastern Bahia state, CEO Magda Chambriard said. Production on the Polo Bahia Terra is too expensive given that it yields less than a single well in the deepwater pre-salt region.
News
July 04, 2025
President Donald Trump secured a sweeping shift in U.S. domestic policy as the House passed a $3.4 trillion fiscal package that cuts taxes, curtails spending on safety-net programs and reverses much of Joe Biden’s efforts to move the country toward a clean-energy economy.
News
July 03, 2025
National Ocean Industries Association (NOIA) President Erik Milito issued a statement on Thursday as the One Big Beautiful Bill Act (OBBBA) heads to U.S. President Trump’s desk for signature. "With President Trump’s signature, OBBBA will restore certainty to the offshore oil and gas leasing process," Milito said.
News
July 03, 2025
The Energy Workforce & Technology Council (EWTC) on Thursday released its June 2025 jobs report, reflecting a modest dip in employment within the energy services sector amid continued economic uncertainty.
News
July 02, 2025
Germany has given the green light for drilling as much as 13 billion cubic meters (Bbcm) of natural gas at a protected marine site in the North Sea in a controversial step to bolster energy security following the Russia-Ukraine war and subsequent energy crisis.
News
July 01, 2025
The U.S. Senate on Tuesday voted to narrowly approve President Trump's $3.3 trillion tax and spending package dubbed the 'One Big Beautiful Bill.' U.S. energy associations including the API, IPAA, NOIA and EWTC issued separate statements acknowledging the Senate's decision as a victory for the U.S. oil and gas industry.
News
July 01, 2025
Momentary price spikes aside, the recent conflict and now uneasy ceasefire between Israel and Iran has done little to alter the trajectory of global oil markets, according to a new analysis by S&P Global Commodity Insights.
News
June 30, 2025
Total U.S. liquids production managed a record-high of 20.83 million bpd in April, up roughly 50,000 barrels from the previous month, according to the Energy Information Administration's latest Petroleum Supply Monthly report released on Monday.
News
June 30, 2025
Argentina must give up its controlling stake in signature energy company YPF SA within two weeks after a New York judge sided with litigators in a $16 billion judgment, delivering a setback to President Javier Milei before crucial midterm elections.
News
June 27, 2025
The Energy Workforce & Technology Council (EWTC) has released a statement praising the Trump Administration’s announcement of a historic offshore lease sale in the Gulf of America/Gulf of Mexico, slated to offer nearly 80 million acres for oil and gas development.
News
June 27, 2025
Colombian businesses are bracing for a deepening shortfall in natural gas supply that threatens to shutter some operations. Supplies of gas are expected to fall at least 10% short of demand next year, and possibly as high as 20%.
News
June 26, 2025
Ashtead Technology and Ocean Science Consulting have formed a strategic alliance to offer integrated environmental monitoring and compliance services for offshore wind and oil-and-gas projects. The partnership combines Ashtead’s subsea technology fleet with OSC’s noise-monitoring and regulatory-reporting expertise.
News
June 25, 2025
Texas Railroad Commissioner Wayne Christian announced the launch of the Delivering Oil and Gas Efficiently (DOGE) Task Force today, a new internal initiative focused on improving processes, enhancing communication, and strengthening the Railroad Commission of Texas as a responsive, pro-business agency.
News
June 25, 2025
Shell Plc denied a Wall Street Journal report that it is in active talks about acquiring its London-based oil rival bp Plc. “This is further market speculation. No talks are taking place,” a Shell spokesperson said.
