Industry & Analysis
News
September 09, 2025
U.S. oil producers have slashed $2 billion in spending and laid off thousands of workers amid falling prices and OPEC+ supply increases, threatening a slowdown in production growth.
News
September 08, 2025
Saudi Arabia will cut prices on all of its crude grades for buyers in Asia for next month as well as on most barrels to other regions after OPEC+ said it will continue to increase output, defying widespread expectations of a looming oversupply.
News
September 08, 2025
EXCLUSIVE -- Well, a few days have gone by, and SPE Offshore Europe (OE) in Aberdeen is now a collection of memories. But, what to make of what was seen and heard during the four-day conference and exhibition? There were many different viewpoints, and, honestly, many contradictions and hypocrisies.
News
September 05, 2025
OPEC+ has agreed in principle to increase production again next month, according to delegates, as the group doubles down on its policy shift to pursue market share instead of defending prices.
News
September 05, 2025
India’s Finance Minister Nirmala Sitharaman said the country will continue buying Russian oil, signaling its intent to defy U.S. President Donald Trump’s persistent demands to halt the purchases.
News
September 05, 2025
OPEC+ leader Saudi Arabia wants the group to consider reviving more oil production ahead of its scheduled return at the end of next year amid a push to reclaim market share, people familiar with the matter said.
News
September 04, 2025
Equatorial Guinea will launch its EG Ronda 2026 licensing round later this month. The licensing round forms part of the country’s broader strategy to revitalize its upstream sector, attract new investment and unlock offshore E&P opportunities.
News
September 04, 2025
Oil declined on concerns that OPEC+ will once again bolster supply at a meeting on Sunday, compounding fears of higher volumes later in the year. Russian Deputy Prime Minister Alexander Novak said OPEC+ will “look at the current situation as a whole” before making a decision.
News
September 03, 2025
Shell’s return to Angola after a 20-year hiatus highlights a shift in sentiment toward the nation’s oil sector, as reforms aimed at attracting global capital start to show results.
News
September 03, 2025
Argent LNG has formally submitted its request to enter the Federal Energy Regulatory Commission (FERC) pre-filing process, marking a critical regulatory milestone in the development of its 25 MMtpa LNG export terminal at Port Fourchon, Louisiana.
News
September 02, 2025
EXCLUSIVE: Offshore Europe’s first-day plenary session was highlighted by Opposition Leader, Conservative Member of Parliament Kemi Badenoch, delivering a somewhat fiery speech in favor of maximizing the UK North Sea’s potential.
News
September 02, 2025
Pemex is offering to buy back some $10 billion worth of its global bonds with cash raised by the Mexican government, according to a statement. The state-owned driller is looking to repurchase 11 series of notes denominated in euros and dollars due between 2026 and 2029.
News
September 01, 2025
Equinor ASA will spend almost $1 billion backing Orsted A/S’s share sale, in a crucial show of support as the Danish firm seeks to steady its finances following the Trump’s administration’s attacks on offshore wind.
News
September 01, 2025
Nigeria has set a lower threshold by which oil companies can recover their expenses as it seeks to boost government revenue amid lower crude oil prices threatening to widen the budget deficit in the West African nation.
News
September 01, 2025
Voters in Guyana headed to the polls to decide whether to reelect President Irfaan Ali or back rivals pledging to squeeze more wealth from ExxonMobil’s offshore oil fields, even as troops came under fire from across the Venezuelan border.
News
September 01, 2025
Oil traders expect OPEC+ to hold crude production steady when it meets this weekend, as the group pauses after a series of accelerated supply increases.
News
August 29, 2025
Argent LNG has formally submitted its Letter of Intent (LOI) and Preliminary Waterway Suitability Assessment (PWSA) to the U.S. Coast Guard, marking a key milestone in the advancement of its flagship LNG export terminal at Port Fourchon, Louisiana.
News
August 29, 2025
Kazakhstan is preparing to channel some of its national wealth into artificial intelligence infrastructure, joining a global rush where venture capital firms and energy-rich states are betting billions on the sector despite volatility and surging valuations.
News
August 28, 2025
Alberta is projecting a wider deficit for the current fiscal year as oil prices fall, denting a key source of revenue for Canada’s top energy-producing province.
News
August 28, 2025
ExxonMobil said net zero goals for the global energy sector are likely to drift further beyond 2050 due to consumers pushing back against high costs and a revival in demand for coal, the most polluting fossil fuel.
News
August 26, 2025
U.S. President Trump reiterated his opposition to wind power in a Tuesday cabinet meeting, as his administration has in recent weeks moved more aggressively to restrict projects by blocking approvals, halting construction and invalidating necessary permits.
