North America
News
February 04, 2026
Mexico’s state oil company Pemex has reduced its debt to an 11-year low after receiving more than $40 billion in government support, as President Claudia Sheinbaum looks to revive oil production, attract private investment and stabilize aging upstream assets.
News
February 03, 2026
The U.S. government is preparing to issue a general license to allow companies with U.S. ties to restart oil production in Venezuela, easing sanctions and supporting revival of the country’s upstream sector.
News
February 02, 2026
The Energy Workforce & Technology Council welcomed new U.S. Department of the Interior action aimed at supporting oil and gas production on federal lands, citing workforce and energy security benefits.
News
February 02, 2026
Devon Energy and Coterra Energy have agreed to a $58-billion all-stock merger that will create one of the largest shale producers in the U.S., anchored by a dominant position in the Delaware basin.
Article
January
U.S. natural gas demand is on track to surge by roughly 30 Bcfd by 2030, driven largely by LNG exports—but can drilling keep up? In this month’s Drilling Advances column, Ford Brett breaks down what isn’t holding the industry back anymore—and the bottlenecks that could determine whether drillers can deliver the next wave of gas supply.
News
January 30, 2026
The American Petroleum Institute welcomed a proposed Department of the Interior rule aimed at modernizing federal commingling regulations, citing potential benefits for operational efficiency and responsible resource development.
News
January 29, 2026
Brent crude climbed above $71 a barrel as U.S. President Donald Trump warned Iran to accept a nuclear deal or face possible military action, reigniting fears of supply disruptions through the Strait of Hormuz and adding a fresh geopolitical risk premium to oil markets.
News
January 28, 2026
The American Petroleum Institute (API) told U.S. senators this week that reforming the federal permitting system is critical to meeting rising energy demand and advancing new infrastructure investment across the U.S. energy sector.
News
January 27, 2026
A field trial in South Texas demonstrated that an enhanced oil recovery chemistry restored sustained production in a previously non-commercial Olmos formation well, highlighting potential applications for reactivating impaired assets in clay-rich reservoirs.
News
January 27, 2026
Matador Resources Company expanded its Delaware basin position in 2025 through incremental acreage acquisitions, increased its 2026 oil hedging exposure, and reported improved well performance and cost efficiencies from large-scale developments in Lea County, New Mexico.
News
January 26, 2026
XRG is increasing its equity stake in the Rio Grande LNG project in Texas, expanding its exposure to one of the world’s largest LNG export developments as new U.S. liquefaction capacity moves closer to startup.
News
January 23, 2026
More than 80 energy and business groups urged the Interior Department to maintain and expand U.S. offshore oil and gas leasing in its draft national program.
News
January 22, 2026
U.S. crude oil production is expected to stay near its 2025 record through 2026 before declining in 2027, as lower prices slow drilling, EIA forecasts.
News
January 22, 2026
The U.S. has no plans to provide physical or financial security guarantees to oil companies planning to operate in Venezuela, Energy Secretary Chris Wright said, underscoring ongoing investment risk concerns in the country’s oil sector.
News
January 21, 2026
Halliburton says it can restart oilfield operations in Venezuela within weeks if U.S. approval and payment protections are secured, CEO Jeff Miller said.
News
January 21, 2026
Halliburton closed out Q4 2025 with stronger margins and rising international activity, offsetting weaker North American stimulation. International markets drove sequential revenue growth, while higher-margin completion tools, wireline services and software sales lifted profitability and cash flow.
News
January 20, 2026
Private equity firm Blackstone Inc. is weighing a potential $5 billion-plus sale of Beacon Offshore Energy, highlighting renewed investor interest in deepwater Gulf of Mexico oil assets amid a slowdown in U.S. shale consolidation.
Article
December 2025
Unconventional drilling demands uncompromising rig performance, and new rig designs are delivering value by reducing flat time, increasing efficiency and improving safety
Article
December 2025
Following the resumption of federal lease sales, the Gulf of America is re-emerging as a cornerstone of U.S. offshore energy. Predictable leasing, permitting reform, and continued investment position the region to support long-term oil and gas production, workforce stability, and energy security.
News
January 19, 2026
Mexican billionaire Carlos Slim is expanding his offshore oil presence with a $270 million deal for remaining stakes in Campeche fields, deepening private investment in Mexico’s upstream sector.
