Industry & Analysis
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.
News
July 17, 2025
Chevron is cutting drill rigs and frac crews in the Permian basin as it approaches its long-term target of producing 1 million boed in the region. “We’re going from growth to cash generation," said Bruce Niemeyer, who heads up Chevron's shale business.
News
July 16, 2025
Activity is slowing in U.S. oil fields as drillers remain in the crude-price danger zone for profits, according to one of the biggest investors of private operators in the shale patch.
News
July 15, 2025
Argent LNG has initiated a comprehensive EPC partner review in preparation for entering the Federal Energy Regulatory Commission (FERC) pre-filing and permitting process for its 25 MMtpa LNG export project in Port Fourchon, Louisiana.
News
July 14, 2025
Oil prices dropped as U.S. President Donald Trump reignited his global trade war, while his latest plan to pressure Russia into a ceasefire with Ukraine didn’t include new measures aimed directly at hindering Moscow’s energy exports.
News
July 11, 2025
Saudi Arabia raised crude output far above its OPEC+ quota last month, joining other producers in a rush to export oil out of the Persian Gulf as Israel went to war with Iran, according to the International Energy Agency.
News
July 11, 2025
bp Plc said it expects to report rising production and a strong result from its oil trading business for the second quarter, offering a boost for the energy major struggling to reverse years of underperformance.
News
July 11, 2025
West Texas Intermediate advanced almost 3% to settle above $68 a barrel after U.S. President Donald Trump said he plans to make a “major statement” on Russia on Monday and reiterated criticism of President Vladimir Putin.
News
July 10, 2025
With OPEC+ nearing the end of a first phase of major output hikes, the market’s attention is turning to what will come after, say Goldman Sachs analysts. The organization and its allies have been voluntarily holding back a second, smaller tranche of supply, propping up oil prices.
News
July 10, 2025
Senior officials from three of OPEC’s core producer nations — Saudi Arabia, the United Arab Emirates, and Kuwait — spoke out at a conference in Vienna this week in support of the producer group's recent mega-supply boosts, citing stability and benefits to the broader global market.
News
July 09, 2025
Chevron is reducing local and regional business units in favor of a more centralized model to improve performance and cut as much as $3 billion of costs by 2026. Changes will include single divisions for both offshore and shale operations, says Vice Chairman Mark Nelson.
News
July 09, 2025
Kuwait Petroleum Corp., Kuwait’s state oil company, said OPEC+’s latest super-sized supply hike and recent interactions with customers suggest persistent demand growth beyond the summer driving season.
News
July 08, 2025
The Energy Workforce & Technology Council (EWTC) has formally called on Mexican President Claudia Sheinbaum to address long-standing and growing non-payments by PEMEX to critical oilfield service providers. EWTC emphasized that service disruptions could begin if the situation remains unresolved.
News
July 08, 2025
U.S. crude output is now expected to grow by 160,000 bpd this year to 13.37 million bpd and remain flat in 2026, according to the Energy Information Administration’s Short-Term Energy Outlook released Tuesday.
News
July 07, 2025
Oil prices reduced earnings by about $1 billion while gas contributed another $500 million hit when compared to the first quarter, ExxonMobil in a statement Monday, noting that a volatile quarter for commodity prices has weighed on second-quarter profits.
News
July 04, 2025
OPEC+ will increase oil production even more rapidly than expected next month, as the group led by Saudi Arabia seeks to capitalize on strong summer demand in its move to reclaim market share. Eight key alliance members agreed to raise supply by 548,000 bpd at a conference on Saturday.
News
July 04, 2025
Petrobras is considering the sale of its onshore operations in Brazil’s northeastern Bahia state, CEO Magda Chambriard said. Production on the Polo Bahia Terra is too expensive given that it yields less than a single well in the deepwater pre-salt region.
News
July 04, 2025
President Donald Trump secured a sweeping shift in U.S. domestic policy as the House passed a $3.4 trillion fiscal package that cuts taxes, curtails spending on safety-net programs and reverses much of Joe Biden’s efforts to move the country toward a clean-energy economy.
News
July 03, 2025
National Ocean Industries Association (NOIA) President Erik Milito issued a statement on Thursday as the One Big Beautiful Bill Act (OBBBA) heads to U.S. President Trump’s desk for signature. "With President Trump’s signature, OBBBA will restore certainty to the offshore oil and gas leasing process," Milito said.
News
July 03, 2025
The Energy Workforce & Technology Council (EWTC) on Thursday released its June 2025 jobs report, reflecting a modest dip in employment within the energy services sector amid continued economic uncertainty.
