North America
News
March 19, 2026
Trendsetter Vulcan Offshore has deployed a tethered BOP system in the U.S. Gulf to reduce wellhead fatigue in soft seabed conditions, supporting safe deepwater operations and improving stability during critical completion activities.
News
March 18, 2026
U.S. Vice President JD Vance will meet with oil industry executives at the American Petroleum Institute as fuel prices surge following the Iran conflict, with discussions expected to focus on supply, production and market stabilization efforts.
News
March 17, 2026
BOEM has launched a NEPA environmental review of a proposed well stimulation plan, including hydraulic fracturing, at Platform Gilda offshore California, as part of an accelerated review process under national energy emergency procedures.
News
March 17, 2026
Buccaneer Energy has acquired a 100% working interest in the Carlisle-1 well in East Texas, adding immediate oil production, increasing output to 155 bopd and strengthening its position in the Pine Mills field and planned waterflood development.
News
March 15, 2026
California officials have ordered Sable Offshore to remove a segment of the Santa Ynez Pipeline crossing Gaviota State Park, escalating a dispute days after the Trump administration directed the company to restart offshore oil operations.
News
March 14, 2026
The U.S. Energy Department confirmed that its planned 172-million-barrel Strategic Petroleum Reserve release tied to the Iran conflict will be structured as an exchange, with companies borrowing crude and returning it later with additional barrels.
News
March 14, 2026
The Trump administration has ordered Sable Offshore to restore operations at California’s Santa Ynez offshore oil unit and pipeline system under the Defense Production Act, a move aimed at boosting West Coast crude supply and reducing reliance on imported oil.
News
March 13, 2026
The U.S. Interior Department has approved bp's Kaskida deepwater development in the Gulf of America/Gulf of Mexico. The project, expected to begin production in 2029, could unlock an estimated 275 MMbbl of oil from bp’s Paleogene discoveries.
News
March 13, 2026
The U.S. has begun releasing 86 MMbbl of crude from the Strategic Petroleum Reserve as part of a coordinated international effort to ease oil prices following supply disruptions linked to the Iran conflict and halted tanker traffic through the Strait of Hormuz.
News
March 13, 2026
Venture Global has taken final investment decision (FID) on Phase 2 of its CP2 LNG project and secured $8.6 billion in project financing, bringing total financing to $20.7 billion as the company expands U.S. LNG export capacity.
News
March 12, 2026
Brent crude surged above $100 per barrel for the first time since 2022 as tanker attacks and shipping disruptions near the Strait of Hormuz triggered the largest supply shock in oil market history.
News
March 11, 2026
The U.S. Interior Department’s latest Gulf lease sale generated nearly $47 million in high bids for 25 offshore blocks, signaling continued industry interest in deepwater exploration.
News
March 10, 2026
Chevron has appointed exploration veteran Emmanuelle Garinet as Director of Exploration for the Americas and Sub-Saharan Africa, strengthening the company’s strategy to pursue new upstream discoveries across frontier African basins, the Gulf of Mexico, Guyana and other key global oil provinces.
News
March 10, 2026
Escalating U.S. and Israeli strikes on Iran are adding new uncertainty to global oil markets as refinery outages, production cuts and the near-closure of the Strait of Hormuz disrupt supply and drive sharp volatility in crude prices.
News
March 10, 2026
ExxonMobil’s board has unanimously recommended relocating the company’s legal domicile from New Jersey to Texas, aligning its corporate structure with operations and leadership long based in the state.
News
March 09, 2026
Woodside Energy has begun the drilling campaign for the Trion ultra-deepwater project in the Gulf of Mexico offshore Mexico, marking a key milestone toward first oil expected in 2028.
News
March 08, 2026
U.S. Energy Secretary Chris Wright said the recent surge in oil prices reflects a temporary “fear premium” driven by the Iran conflict and disruptions to shipping through the Strait of Hormuz.
News
March 05, 2026
The Independent Petroleum Association of America welcomed the Interior Department’s move to roll back the offshore financial assurance rule, saying the regulation would have imposed billions in additional costs on independent offshore oil and gas producers.
News
March 04, 2026
The Senate Energy and Natural Resources Committee has approved Steve Pearce’s nomination to serve as director of the Bureau of Land Management, advancing the nomination to the full Senate as industry groups call for leadership at the agency overseeing federal oil and gas leasing.
News
March 04, 2026
Newfoundland and Labrador has signed a benefits agreement with Equinor and bp for the Bay du Nord offshore oil project, outlining local supply chain participation and advancing the development toward future investment decisions.
News
February 27, 2026
Venezuela has canceled the auction of assets seized from Halliburton after pressure from the U.S. government, a move seen as clearing the way for the oilfield services giant’s return amid efforts to revive the country’s oil sector under U.S. engagement.
