Industry & Analysis
News
May 20, 2025
Law firm Haynes Boone defended The Shell Petroleum Development Company of Nigeria Limited (SPDC), now known as Renaissance Africa Energy Company (RAEC), against a $58 million lawsuit, securing a complete dismissal.
News
May 20, 2025
U.S. officials from the Bureau of Ocean Energy Management (BOEM) have lifted the stop-work order for Equinor's Empire Wind project, offshore New York. “I would like to thank President Trump for finding a solution that provides for continued investments in energy infrastructure in the U.S.," said Anders Opedal, President and CEO of Equinor ASA.
News
May 20, 2025
The Railroad Commission of Texas recently trained more than 300 employees in Phase I of the agency’s Boots on the Ground initiative. The goal of the program is to bring more consistency across all the agency’s oil and gas districts.
News
May 15, 2025
Libya’s latest upstream licensing round has already attracted more than 40 applicants, signaling growing interest in its largely untapped hydrocarbon potential. The update was shared during a ConocoPhillips-sponsored session at the Invest in African Energy Forum.
News
May 15, 2025
Global oil demand growth will slow during the remainder of 2025 after a robust first quarter due to “economic headwinds,” the International Energy Agency said. The IEA also downgraded the outlook for U.S. shale oil production due to lower crude prices.
News
May 14, 2025
The U.S. Department of Energy (DOE) this week announced it has taken the first step in the Energy Department’s largest deregulatory effort in history, proposing the elimination or reduction of 47 regulations.
News
May 14, 2025
“The Trump Administration continues to fill important positions within the federal government with outstanding professionals who are committed to increasing American energy dominance," said IPAA President Jeff Eshelman.
News
May 14, 2025
Oil giant Saudi Aramco has signed agreements with major U.S. companies potentially totaling about $90 billion. The signed MoUs and pacts cover partnerships on LNG, AI, emission-reduction technologies and more, Aramco said in a statement.
News
May 13, 2025
Colombia’s oil and gas association urged authorities to take “urgent action” after a surge in sabotage attacks on critical energy infrastructure. A group broke in and set fire to the Quifa field facilities in central Colombia on Monday, the ACP said in a statement.
News
May 13, 2025
Brazil’s state-controlled oil producer Petrobras approved dividends slightly below expectations amid a trade war that has created economic uncertainty and undermined oil prices.
News
May 12, 2025
Slowing global oil demand amid extreme uncertainty about the future of U.S. trade and a coming supply surplus are expected to hobble U.S. oil production growth later this year and could lead to an annual decline in output in 2026, according to a new analysis by S&P Global Commodity Insights.
News
May 12, 2025
“We (the Trump administration) need to ensure that (U.S.) resources are secure, abundant and reliable. And we need energy of all kinds.” That is the message that Ryan Peay, the newly installed Deputy Assistant Secretary in the U.S. Department of Energy, brought to an OTC audience on the afternoon of Day 2 at OTC.
News
May 12, 2025
Leaders from both the American Petroleum Institute (API) and National Ocean Industries Association (NOIA) issued statements Monday after the House Energy and Commerce Committee released its proposed markup of the 2025 tax reconciliation bill, which includes a 10-year pause of the EPA’s Waste Emissions Charge (WEC).
News
May 12, 2025
Equinor ASA got no new signals that the Trump administration would reconsider the halt imposed on the Empire Wind project when its CEO met with a top White House official last week. Now the company must decide whether it will kill the project.
News
May 09, 2025
WTI climbed 1.9% to settle near $61 a barrel on Friday, the highest in over a week, as the Trump administration weighs reducing levies on China to de-escalate tensions and temper the economic pain in both countries.
News
May 09, 2025
Thailand officials have discussed potential involvement in a $44 billion Alaska gas pipeline project through investments in gas exploration and production and related infrastructure with project officials, the Ministry of Energy said in a statement on Thursday.
News
May 08, 2025
Kazakhstan, which has created tensions within OPEC+ by consistently breaching its production limit, has no plans to cut oil output in May. The country’s Energy Ministry said in an email that it plans to pump the same levels of crude as in April.
News
May 08, 2025
Houston-based oil giant ConocoPhillips cut its spending outlook by 3.5% to $12.45 billion, while leaving its production view unchanged, it said Thursday in a statement announcing first-quarter results.
News
May 08, 2025
The Energy Workforce & Technology Council has released its April 2025 jobs report, indicating a steady employment trend in the energy services sector despite broader market transitions and ongoing global trade uncertainty.
News
May 07, 2025
In keeping with the overall themes raised on day one of OTC 2025, Weatherford CEO Girish Saligram discussed some of the major challenges facing the offshore industry as a whole in an executive dialogue panel on Monday.
