North America
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.
News
February 26, 2026
Diversified Energy has agreed to acquire East Texas natural gas assets from Sheridan Production for $245 million, adding approximately 62 MMcfed of low-decline production and 397 Bcfe of reserves to its portfolio.
News
February 26, 2026
bp is expanding U.S. shale drilling through its bpX Energy unit, targeting 8% production growth in 2026 and up to 650,000 boed by 2030 as the company seeks to reverse declining output and strengthen its upstream portfolio.
News
February 26, 2026
The Energy Workforce & Technology Council has appointed Kyle Chapman of Levare and Daniel Watson of Steel Alloys & Services to its advisory board, strengthening industry leadership and strategic guidance for the oilfield services and technology sector.
News
February 25, 2026
Halliburton has launched the RangeStar geothermal well spacing and intercept service, a magnetic ranging solution designed to improve well placement accuracy, reduce decision time and support automation in complex geothermal drilling environments.
News
February 25, 2026
Hephae Energy Technology has appointed industry veteran Andy Bruce as president to support commercial deployment of its ultra-high-temperature geothermal drilling and robotics technology, designed to enable next-generation superhot rock geothermal development worldwide.
News
February 25, 2026
Breakwall Capital and Vitol have closed Valor Upstream Credit Partners II, a new energy-focused credit fund targeting structured financing for North American upstream oil and gas companies, including refinancing, acquisitions and development capital.
Article
February
U.S. drilling enters 2026 with fewer rigs but resilient production, as operators prioritize capital discipline, consolidation and LNG-driven gas demand. Regional trends across shale and offshore basins point to steady output, measured investment and a continued shift toward efficiency over expansion.
News
February 24, 2026
Ovintiv is directing nearly $2.3 billion in 2026 capital toward its Permian and Montney assets, targeting up to 275 net wells and increased oil output from its core North American basins.
News
February 23, 2026
After $37.8 billion in 2025 oil patch deals, analysts say Canada’s oil sands sector could be next in line for a transformational mega merger as pipeline pressure and pricing volatility reshape strategy.
Article
February
The Canadian oilpatch always seems to be in flux—if the fundamentals are strong, then there’s political uncertainty or intervention. And when the political support lines up, they are at the mercy of global commodity prices. Still, 2026 is lining up to be a decent year—for now.
News
February 18, 2026
Occidental reported strong fourth-quarter 2025 production and cash flow, exceeded output guidance and reduced debt following its OxyChem sale, reinforcing its Permian-focused portfolio and balance sheet strength.
News
February 18, 2026
SM Energy has agreed to sell 61,000 net acres and 260 producing wells in South Texas to Caturus Energy for $950 million, with proceeds expected to reduce debt and strengthen its balance sheet.
