North America
News
October 22, 2025
bp and Japan’s JERA are winding down their U.S. offshore wind joint venture, JERA Nex bp, citing an unfavorable policy environment under the Trump administration. The decision halts the planned 2.5-GW Beacon Wind project off Massachusetts amid a broader industry pullback.
News
October 22, 2025
The U.S. Department of Energy has issued the final non-FTA export authorization for Venture Global’s CP2 LNG terminal in Cameron Parish, Louisiana. The approval enables exports to non-FTA countries and supports the U.S.’s advancing role in global LNG markets.
News
October 22, 2025
U.S. oil and gas mergers and acquisitions dropped to $9.7 billion in Q3 2025, marking the third straight quarterly decline, according to Enverus Intelligence Research. Analysts cite persistently low crude prices and fewer private-equity exits.
News
October 21, 2025
The Trump administration will purchase 1 MMbbl of crude oil to begin replenishing the U.S. Strategic Petroleum Reserve (SPR), marking the first step toward restoring the nation’s emergency supply following years of drawdowns.
News
October 21, 2025
Halliburton reported $5.6 billion in Q3 2025 revenue, led by North America growth and steady international results. Adjusted earnings rose to $496 million as the company emphasized cost discipline, technology leadership and shareholder returns.
News
October 16, 2025
The 2025 Gulf Energy Information Excellence Awards in Houston honored this year's upstream innovators, including SLB, Saudi Aramco, Halliburton, ExxonMobil, Baker Hughes, Oil States, NOV and Reliance Industries. Winners were recognized for advancements in deepwater and drilling technologies, digital transformation, completions and more.
News
October 14, 2025
Speaking at the historic Drake Energy Security Forum, American Petroleum Institute (API) President and CEO Mike Sommers urged policymakers to strengthen U.S. energy leadership through innovation and infrastructure investment.
News
October 13, 2025
NGP Natural Resources has partnered with 406 Energy Holdings, a new Houston-based upstream venture led by former XCL Resources executives. The company plans to target high-return oil and gas development opportunities across the U.S.
News
October 13, 2025
ExxonMobil CEO Darren Woods said the company is cutting back European investments due to restrictive climate regulations, while praising President Donald Trump’s energy policies for supporting oil and gas growth.
News
October 13, 2025
Carnelian Energy Capital has closed a $600 million oversubscribed fund aimed at upstream oil and gas investments in Canada, signaling renewed private equity confidence in the region’s energy sector.
News
October 10, 2025
Strathcona Resources Ltd. has formally withdrawn its takeover bid for MEG Energy Corp., citing new terms in MEG’s revised agreement with Cenovus Energy Inc. that render the proposed acquisition no longer feasible.
News
October 10, 2025
Beacon Offshore Energy has achieved its target production rate of 100,000 bopd at the Shenandoah field in the U.S. Gulf, just 75 days after first oil, confirming the high operability of the Shenandoah floating production system.
News
October 09, 2025
Houston-based Sable Offshore Corp. is seeking assistance from the Trump administration to revive crude production offshore Santa Barbara, Calif. The company’s plans to restart pipelines from the Santa Ynez Unit have been delayed by state regulators, prompting consideration of shipping oil by tanker instead.
News
October 09, 2025
Baytex Energy Corp. is considering divesting its Eagle Ford shale operations in south Texas, potentially fetching up to $3 billion, as the Calgary-based producer shifts strategic focus back to its Canadian oil portfolio.
News
October 08, 2025
Chevron has relaunched its Clarity® line of premium ashless hydraulic oils. The updated formulations deliver high performance, extended equipment protection, and improved environmental compatibility across industrial and heavy-duty applications.
News
October 07, 2025
U.S. crude oil output hit a record 13.6 million bpd in July, prompting the U.S. Energy Information Administration to revise its 2025-26 outlook. The EIA now forecasts production will average 13.5 million bpd in both 2025 and 2026, modestly higher than its September forecast.
News
October 07, 2025
Chevron Corp. has appointed TotalEnergies exec Kevin McLachlan as its new VP of Exploration, effective November 1, succeeding Liz Schwarze, who will retire in February 2026 after 36 years with the company.
News
October 06, 2025
Zephyr Energy plc announced the results of an updated Competent Person’s Report (CPR) for its Paradox basin assets in Utah, revealing a major upgrade in reserves and resource estimates for the company’s flagship Paradox project.
News
October 06, 2025
Shell-led LNG Canada is preparing to load its first cargo from Train 2 this month, marking the next phase of Canada’s expanding LNG export capacity.
News
October 06, 2025
Baker Hughes is moving ahead with its planned acquisition of Chart Industries after shareholders of Chart approved the deal. Expected to close by mid-2026, the transaction will expand Baker Hughes’ energy and industrial technology portfolio, particularly in LNG, data centers, and clean energy markets.
News
October 03, 2025
Transocean Ltd. has announced new contract fixtures totaling $243 million in firm backlog for two ultra-deepwater drillships. bp exercised a 365-day option for the Deepwater Atlas in the U.S. Gulf, while Petrobras exercised a 30-day option for the Deepwater Mykonos offshore Brazil.
