Industry & Analysis
News
May 23, 2025
Mexico’s state oil company Petroleos Mexicanos is discussing plans to slash over 3,000 jobs in a proposed corporate restructuring that is expected to save the company millions as the indebted driller and refiner tries to shore up its finances and boost production.
News
May 23, 2025
U.S. President Donald Trump criticized the UK’s approach to taxing North Sea oil and gas, saying it discouraged drilling and raised energy prices.
News
May 22, 2025
TotalEnergies is preparing to begin offshore drilling in South Africa in 2026, pending final regulatory approvals, according to Mike Sangster, the company’s SVP for Africa Exploration & Production, who recently emphasized TotalEnergies' multi-energy strategy at the Invest in African Energy Forum in Paris.
News
May 22, 2025
Texas regulators are warning that wastewater from fracing in the biggest U.S. oil basin is causing a “widespread” increase in underground pressure — a development that risks hindering crude output and harming the environment.
News
May 22, 2025
U.S. Secretary of State Marco Rubio said in a post on X that a Venezuela oil-export license will expire next Tuesday, defying earlier expectations that it would be extended. The tighter time frame would put pressure on Chevron Corp.’s operations in the sanctioned nation.
News
May 22, 2025
Leaders from the National Ocean Industries Association (NOIA), American Petroleum Institute (API) and the Independent Petroleum Association of America (IPAA), issued statements today in support of the U.S. House of Representatives’ passage of the 2025 tax reconciliation bill.
News
May 21, 2025
The Energy Workforce & Technology Council on Tuesday released a statement applauding the Trump Administration's release of the revised Gulf of America/Gulf of Mexico Biological Opinion (BiOp) that ensures regulatory certainty and continuity for offshore oil and gas operations.
News
May 20, 2025
Leaders from the American Petroleum Institute and National Ocean Industries Association today voiced their support of the U.S. National Marine Fisheries Service’s release of a new biological opinion for the Gulf of America/Gulf of Mexico.
News
May 20, 2025
Law firm Haynes Boone defended The Shell Petroleum Development Company of Nigeria Limited (SPDC), now known as Renaissance Africa Energy Company (RAEC), against a $58 million lawsuit, securing a complete dismissal.
News
May 20, 2025
U.S. officials from the Bureau of Ocean Energy Management (BOEM) have lifted the stop-work order for Equinor's Empire Wind project, offshore New York. “I would like to thank President Trump for finding a solution that provides for continued investments in energy infrastructure in the U.S.," said Anders Opedal, President and CEO of Equinor ASA.
News
May 20, 2025
The Railroad Commission of Texas recently trained more than 300 employees in Phase I of the agency’s Boots on the Ground initiative. The goal of the program is to bring more consistency across all the agency’s oil and gas districts.
News
May 15, 2025
Libya’s latest upstream licensing round has already attracted more than 40 applicants, signaling growing interest in its largely untapped hydrocarbon potential. The update was shared during a ConocoPhillips-sponsored session at the Invest in African Energy Forum.
News
May 15, 2025
Global oil demand growth will slow during the remainder of 2025 after a robust first quarter due to “economic headwinds,” the International Energy Agency said. The IEA also downgraded the outlook for U.S. shale oil production due to lower crude prices.
News
May 14, 2025
The U.S. Department of Energy (DOE) this week announced it has taken the first step in the Energy Department’s largest deregulatory effort in history, proposing the elimination or reduction of 47 regulations.
News
May 14, 2025
“The Trump Administration continues to fill important positions within the federal government with outstanding professionals who are committed to increasing American energy dominance," said IPAA President Jeff Eshelman.
News
May 14, 2025
Oil giant Saudi Aramco has signed agreements with major U.S. companies potentially totaling about $90 billion. The signed MoUs and pacts cover partnerships on LNG, AI, emission-reduction technologies and more, Aramco said in a statement.
News
May 13, 2025
Colombia’s oil and gas association urged authorities to take “urgent action” after a surge in sabotage attacks on critical energy infrastructure. A group broke in and set fire to the Quifa field facilities in central Colombia on Monday, the ACP said in a statement.
News
May 13, 2025
Brazil’s state-controlled oil producer Petrobras approved dividends slightly below expectations amid a trade war that has created economic uncertainty and undermined oil prices.
