Industry & Analysis
Article
July 2025
"It’s interesting how the 45Q program, which has been around since 2008, started to gain opposition from the environmental groups, not because they were against CCUS but because it was benefitting oil and gas."
News
July 25, 2025
Eni SpA reported profit that beat analyst estimates as proceeds from asset sales and sweeping cost cuts helped counter a weak oil market.
News
July 24, 2025
Shares of TechnipFMC PLC, one of the world’s biggest makers of offshore oil gear, surged to the highest in a decade on signs of a robust outlook that underscores the industry’s optimism over production at sea.
News
July 24, 2025
The methane intensity of oil and gas production in the Permian basin declined by more than 50% during the 2022-2024 period according to a new analysis by S&P Global Commodity Insights.
Article
July 2025
A recent court decision highlights the responsibility that operator leadership has to maintain worker safety in the field and how the industry must strive to maintain a culture of incident prevention.
Article
July 2025
Pragmatism can be found throughout a recent decision of the Texas Supreme Court that has significant repercussions for oil and gas activity throughout the state.
News
July 23, 2025
Global supply of liquefied natural gas is set to surge the most since 2019 next year, primarily driven by production additions in North America, the International Energy Agency said.
News
July 23, 2025
Upstream M&A decelerated in the second quarter of 2025, with value falling 21% quarter-over-quarter to $13.5 billion, according to Enverus Intelligence Research (EIR) summary of Q2 2025 upstream M&A activity and outlook for the rest of the year.
News
July 22, 2025
A group of eight oil and natural gas trade associations are calling on lawmakers in the U.S. House of Representatives to “take swift action on permitting reform,” in a letter to Chairman Bruce Westerman ahead of an oversight hearing tomorrow in the House Natural Resources Committee.
News
July 22, 2025
ExxonMobil was recently denied a motion to dismiss a lawsuit that claims it breached a Contingent Resource Payment Agreement (CRPA) it held with InterOil, a company with natural gas interests in Papua New Guinea whom Exxon acquired in 2017.
News
July 21, 2025
Mozambican President Daniel Chapo said he expects to soon conclude talks with TotalEnergies SE over the restart of a $20 billion natural-gas project that halted four years ago because of an Islamic State-linked insurgency.
News
July 21, 2025
U.S. Treasury Secretary Scott Bessent said the next round of U.S.-China talks could include a discussion of China’s purchases of Russian and Iranian oil, a signal that the focus could shift from more traditional trade issues to ones that cross over into matters of national security.
News
July 18, 2025
Chevron’s victory in a lengthy arbitration initiated by Exxon allowed the $53 billion takeover of Hess Corp. to proceed. With Exxon being the majority owner and operator of the disputed Guyana oil fields, the two oil giants face a new challenge: collaboration.
News
July 18, 2025
California Governor Gavin Newsom is proposing a bill to streamline permitting for new oil wells that environmental groups say would wipe out scrutiny of the industry.
News
July 18, 2025
Citing the latest report from the U.S. Bureau of Labor Statistics (BLS), the Texas Independent Producers and Royalty Owners Association (TIPRO) indicated a decrease in upstream employment in Texas in June following two months of consecutive job growth.
News
July 18, 2025
ExxonMobil released a formal statement on Friday following a ruling by the International Chamber of Commerce (ICC) Tribunal related to its contractual dispute with Hess Corporation over interests in the Stabroek Block offshore Guyana.
News
July 18, 2025
Chevron has completed its $53 billion takeover of Hess Corporation, having won its arbitration case against ExxonMobil regarding Hess' offshore Guyana assets which had delayed the takeover for over a year.
News
July 17, 2025
"The revisions announced will do much to streamline the program and ensure taxpayer funds are used efficiently to plug as many orphaned wells as possible," wrote Railroad Commission of Texas Chairman Jim Wright.
News
July 17, 2025
Wind and solar projects being constructed on federal land will be required to undergo a new review process at the U.S. Interior Department, under a new Trump administration directive that could slow the approval of projects.
