Industry & Analysis
News
February 19, 2026
Nigeria has ordered state oil company NNPC to remit more oil and gas revenue from production-sharing contracts to the federation account, eliminating key deductions in a move aimed at strengthening public finances and reshaping fiscal policy for the upstream sector.
News
February 18, 2026
Russia’s oil drilling activity fell to a three-year low in 2025 as sanctions, weaker prices and a strong ruble pressured revenues, raising concerns about the country’s ability to sustain crude production and meet future OPEC+ supply targets.
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
Venezuela’s oil production could increase by 30%–40% in 2026, or roughly 300,000–400,000 bpd, according to the U.S. energy secretary, as renewed operating licenses and growing international interest support efforts to revive the country’s upstream sector.
Article
January
A growing list of new initiatives—originating in governments and private companies—aims to push forward with Arctic oil and gas exploration and development. What do these moves mean for the Arctic’s future, and for the future of global hydrocarbons?
News
February 16, 2026
An Australian court has dismissed a greenwashing lawsuit against Santos that alleged the company misled investors over its climate strategy and net-zero plans, marking a key ruling in energy-related ESG litigation.
News
February 16, 2026
The African Energy Chamber is urging stronger local content policies and inclusive investment practices across Africa’s oil and gas sector as exploration and production activity expands across the continent.
News
February 12, 2026
The Independent Petroleum Association of America expressed support for EPA’s repeal of the 2009 endangerment finding and called for clear, durable greenhouse gas regulations affecting U.S. upstream oil and gas producers.
News
February 11, 2026
The U.S. has issued a general license allowing oilfield service companies to resume limited operations in Venezuela, signaling a further easing of sanctions aimed at restoring crude production and rebuilding the country’s oil infrastructure.
News
February 11, 2026
The African Energy Chamber has warned that a Nigerian Federal High Court ruling on the Dawes Island marginal field could undermine the country’s “drill or drop” policy, raising concerns over contract certainty and upstream investment.
News
February 10, 2026
Can Venezuela rebuild its oil sector without repeating the mistakes of the past? In this exclusive Op-Ed, Texas Railroad Commissioner Wayne Christian argues that a transparent, market-driven regulatory model—not OPEC-style centralized control—offers the most credible path to restoring investment, stability and long-term production growth in the world’s largest resource base.
News
February 10, 2026
bp has halted share buybacks and shifted capital toward debt reduction and core oil and gas operations as the company advances a broader turnaround strategy under incoming leadership and prepares for new upstream growth projects.
News
February 09, 2026
Oilfield service and technology executives are heading to Washington in record numbers this week, urging lawmakers to accelerate permitting reform, stabilize trade policy and ensure regulatory certainty as operators weigh new drilling and infrastructure investments.
News
February 09, 2026
Namibia’s government says it was not notified of TotalEnergies’ planned acquisition of a major offshore exploration stake alongside Petrobras, complicating the latest deal in the fast-growing Orange basin and underscoring regulatory sensitivities as the country moves toward first oil.
News
February 06, 2026
Brazil’s ANP has authorized Petrobras to resume drilling in the Foz do Amazonas offshore frontier following a temporary suspension, reopening one of Brazil’s most closely watched exploration campaigns.
News
February 06, 2026
The Texas Railroad Commission assessed more than $1.4 million in enforcement penalties against oil and gas operators and related businesses, reflecting continued regulatory oversight of industry compliance and pipeline safety across the state.
News
February 06, 2026
South Africa’s new Upstream Petroleum Resources Development Act seeks to improve legal certainty and attract exploration investment following recent supermajor exits, but questions remain over whether the new framework can revive offshore development.
News
February 06, 2026
Canadian crude markets are showing signs of oversupply as widening Western Canadian Select discounts, rising storage incentives and increased competition from Venezuela pressure oil sands producers despite expanded export capacity.
News
February 05, 2026
ConocoPhillips says recovering billions from past Venezuela expropriations will take priority over new drilling, highlighting ongoing financial and political hurdles facing foreign investment in the country’s oil sector.
News
February 05, 2026
The Independent Petroleum Association of America (IPAA) has promoted Dan Naatz to executive vice president and chief policy officer, strengthening its advocacy for U.S. independent oil and gas producers on federal leasing, methane regulation and permitting reform.
News
February 05, 2026
Shell reported strong cash generation and upstream resilience in Q4 2025, delivering $26 billion in annual free cash flow, boosting its dividend and extending share buybacks as it continues portfolio high-grading and disciplined upstream investment into 2026.
