Industry & Analysis
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.
News
February 04, 2026
Oil production growth in South America will continue to be driven by Brazil, Guyana and Argentina through at least 2030, with Venezuela’s recovery constrained by project economics, crude quality and investment risk, according to Rystad Energy.
News
February 04, 2026
Mexico’s state oil company Pemex has reduced its debt to an 11-year low after receiving more than $40 billion in government support, as President Claudia Sheinbaum looks to revive oil production, attract private investment and stabilize aging upstream assets.
News
February 03, 2026
The U.S. government is preparing to issue a general license to allow companies with U.S. ties to restart oil production in Venezuela, easing sanctions and supporting revival of the country’s upstream sector.
News
February 02, 2026
Namibia’s push toward first oil is being driven by partnerships and dealmaking across its offshore basins. Farm-ins, portfolio reshuffling and joint appraisal programs at Venus and Mopane highlight growing confidence in the country’s deepwater potential as operators work to de-risk projects and accelerate development timelines.
News
February 02, 2026
World Oil marked a milestone in its annual Forecast Breakfast series on Friday, celebrating 100 years of forecasting and its 58th Forecast Breakfast event, with industry leaders offering a clear-eyed view of global energy demand, U.S. shale productivity, regulatory challenges and the year ahead for drilling activity.
News
February 02, 2026
The Energy Workforce & Technology Council welcomed new U.S. Department of the Interior action aimed at supporting oil and gas production on federal lands, citing workforce and energy security benefits.
News
January 30, 2026
PETRONAS plans to sustain Malaysia’s upstream oil and gas production at around 2 million boed through 2028, supported by continued investment in exploration, deepwater projects and enhanced oil recovery.
