Industry & Analysis
News
May 27, 2025
Oil was steady as the market weighed the prospect for easing trade tensions between the European Union and the U.S. ahead of an OPEC+ meeting on supply policy.
News
May 26, 2025
A boom in sales of drilling rights in western Canada’s oil heartland of Alberta is fading as U.S. President Donald Trump’s trade war and OPEC+ production increases hammer crude prices.
News
May 26, 2025
Brent traded below $65 a barrel, erasing earlier gains. U.S. President Donald Trump extended the deadline for higher tariffs on the EU, triggering global relief. But crude prices remain under pressure as OPEC and its allies consider another bumper output hike.
News
May 23, 2025
Bienvenido Nguema Envo, CEO of Equatorial Guinea’s national oil company GEPetrol, is taking steps to emphasize the country's push to revitalize its oil and gas industry, attract new investment and strengthen energy security across West Africa.
News
May 23, 2025
The Trump administration is preparing to issue a narrowly tailored license to Chevron Corp., allowing the oil producer to conduct minimal maintenance of essential operations in Venezuela, according to people familiar with the matter.
News
May 23, 2025
Mexico’s state oil company Petroleos Mexicanos is discussing plans to slash over 3,000 jobs in a proposed corporate restructuring that is expected to save the company millions as the indebted driller and refiner tries to shore up its finances and boost production.
News
May 23, 2025
U.S. President Donald Trump criticized the UK’s approach to taxing North Sea oil and gas, saying it discouraged drilling and raised energy prices.
News
May 22, 2025
TotalEnergies is preparing to begin offshore drilling in South Africa in 2026, pending final regulatory approvals, according to Mike Sangster, the company’s SVP for Africa Exploration & Production, who recently emphasized TotalEnergies' multi-energy strategy at the Invest in African Energy Forum in Paris.
News
May 22, 2025
Texas regulators are warning that wastewater from fracing in the biggest U.S. oil basin is causing a “widespread” increase in underground pressure — a development that risks hindering crude output and harming the environment.
News
May 22, 2025
U.S. Secretary of State Marco Rubio said in a post on X that a Venezuela oil-export license will expire next Tuesday, defying earlier expectations that it would be extended. The tighter time frame would put pressure on Chevron Corp.’s operations in the sanctioned nation.
News
May 22, 2025
Leaders from the National Ocean Industries Association (NOIA), American Petroleum Institute (API) and the Independent Petroleum Association of America (IPAA), issued statements today in support of the U.S. House of Representatives’ passage of the 2025 tax reconciliation bill.
News
May 21, 2025
The Energy Workforce & Technology Council on Tuesday released a statement applauding the Trump Administration's release of the revised Gulf of America/Gulf of Mexico Biological Opinion (BiOp) that ensures regulatory certainty and continuity for offshore oil and gas operations.
News
May 20, 2025
Leaders from the American Petroleum Institute and National Ocean Industries Association today voiced their support of the U.S. National Marine Fisheries Service’s release of a new biological opinion for the Gulf of America/Gulf of Mexico.
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.
