Industry & Analysis
News
May 01, 2025
The Trump administration sued Michigan and Hawaii seeking to block the states from suing oil companies for damage caused by climate change, less than two months after the U.S. Supreme Court rebuffed a Republican bid to derail such legal efforts.
News
May 01, 2025
The Railroad Commission of Texas assessed $1,372,720 in enforcement docket fines against operators and businesses at the Commissioners’ open meeting on Tuesday. The Commission has primary oversight and enforcement of the state’s oil and gas industry and intrastate pipeline safety.
News
April 30, 2025
DNV has published its annual Energy Industry Insights survey, with the report finding that political risk is seen as the leading barrier to energy sector growth for the year ahead, and the perceived momentum of the energy transition will slow.
News
April 30, 2025
Oil prices tumbled as signs emerged that OPEC+ may be entering a prolonged period of higher production. Beyond OPEC+, non-cartel nations are also expected to add supplies, including drillers in Canada and Guyana, feeding concerns about a global glut.
News
April 29, 2025
"A vibrant and supported energy industry, including offshore oil and gas, hydroelectricity and clean fuels, can move our country forward in uncertain times. Energy NL looks forward to working with Prime Minister Carney," said Energy NL's CEO Charlene Johnson.
News
April 29, 2025
CNOOC has led Beijing’s efforts to boost oil and gas output and bolster energy security, and its focus on extraction helped deliver near-record annual profits last year. But that dependence on upstream prices was a burden in Q1 2025.
News
April 29, 2025
bp Plc is off to a “great start” in its strategy reset and can follow through on the turnaround despite the recent drop in oil prices driven by U.S. President Donald Trump's trade war, said Chief Executive Officer Murray Auchincloss.
News
April 29, 2025
Woodside has made a final investment decision to develop the three-train, 16.5 million tonne per annum (MMtpa) Louisiana LNG development. Woodside is targeting first LNG in 2029.
News
April 29, 2025
Petro-Victory has completed its acquisition of Capixaba Energia LTDA, a producing oil and gas asset in the Espírito Santo Basin. The acquisition was completed in partnership with BlueOak Investments, Petro-Victory's strategic financial partner.
Article
April 2025
Buffeted by an array of external factors and rising operational challenges, the Permian basin stands at a crossroads in 2025. Can the world’s busiest and most prodigious onshore oil and gas region remain the major driver of U.S. energy security into the future, or will an increasingly unfavorable set of market conditions—combined with the global reordering of tariffs and trade relations being invoked by President Donald Trump—force an end to the long period of sustained growth seen in the region since the advent of the Shale Revolution?
News
April 28, 2025
Russia’s oil producers have been drilling wells at a pace not seen in at least five years as the nation readies for both a loosening of OPEC+ output limits and the possibility of relief from some international sanctions over its invasion of Ukraine.
News
April 28, 2025
Drillers in Canada’s Alberta energy region are shifting their focus to natural gas as the global trade war and OPEC+ output increase hammers crude prices. The number of licenses for new gas wells issued in Q1 rose 26%, according to Alberta Energy Regulator data.
News
April 28, 2025
Ever since oil and gas majors announced massive hydrocarbon discoveries in Namibia’s offshore Orange Basin, interest in additional exploration in has been intense. Will negotiations stall, as we’re seeing all too often in African nations, or will the process move forward smoothly?
News
April 28, 2025
U.S. President Donald Trump's desire for lower crude prices and his disruption of the global economy with trade tariffs during the first quarter of 2025 is stressing the oil industry’s finances, calling into question both shareholder returns and drilling plans.
News
April 25, 2025
According to a new report from Enverus Intelligence Research, upstream M&A opened 2025 with $17 billion in deal value, the second-best start to a year since 2018. However, activity was disproportionately driven by one company, Diamondback Energy.
News
April 25, 2025
Vitol Group has stepped up oil purchases in Venezuela in the final weeks of a U.S. license that allows the world’s largest independent oil trader to do business in the sanctioned nation. Vitol is set to load at least 2.5 million barrels of Venezuelan oil this month, according to documents seen by Bloomberg.
News
April 24, 2025
The African Energy Chamber (AEC) is calling for a deliberate and accelerated approach to moving Namibia’s recent oil and gas discoveries into production – emphasizing the importance of speed, investor confidence and strategic collaboration.
News
April 24, 2025
Texas shale-oil company Matador Resources Co. plans to drop one of its nine drilling rigs by the middle of the year in response to plunging crude prices. Matador is the first significant shale company to announce it’s cutting back on drilling since crude futures began nosediving earlier this month.
News
April 23, 2025
Energy NL is providing details on responses received from two of the major federal parties regarding the development and prioritization of Newfoundland and Labrador's energy sector. The response follows Energy NL's letter sent last month to all three parties.
News
April 23, 2025
Oil prices may decline further this year as new production swells and demand remains capped by China’s faltering growth, the head of the International Energy Agency said. Crude futures remain nearly 9% below levels traded before U.S. President Donald Trump's tariffs announcements.
News
April 23, 2025
OPEC+’s audacious bid to punish its oil-quota cheats prompted a renewed plunge in crude on Wednesday, amid growing tensions with Kazakhstan. Kazakhstan Energy Minister Erlan Akkenzhenov appeared on Wednesday to reject pressure to bring output in line with OPEC+'s quota.
