Industry Trends
News
April 21, 2026
Nearly half of oil and gas assets in the Gulf are operating beyond design life, as Strait of Hormuz disruptions intensify pressure on aging infrastructure, according to new IGS research.
News
April 21, 2026
Halliburton says its global operations are holding up despite Iran-driven disruption in the Middle East, while early signs of a North America rebound point to a shifting upstream outlook.
Article
April
Editor-in-Chief Kurt Abraham weighs in on the Trump administration’s push to streamline offshore regulation, arguing the move could reduce bureaucracy and support U.S. development—while broader industry signals point to cautious optimism amid ongoing global uncertainty.
News
April 17, 2026
Texas upstream employment slipped early this year, but hiring demand remains strong, with more than 8,500 job postings in February, according to TIPRO.
News
April 14, 2026
Equinor has sold an 8% stake in Scatec for approximately NOK 1.6 billion, reducing its shareholding while maintaining renewable energy partnerships in Brazil.
News
April 14, 2026
bp CEO Meg O’Neill is restructuring the company to simplify operations and return to a traditional upstream and downstream model, as the company seeks to improve performance.
News
April 10, 2026
INNIO and Rehlko have signed a 1.25-GW gas engine supply agreement to support growing demand from data centers and flexible power generation projects across global markets.
News
April 08, 2026
U.S. oilfield services employment rose to 627,018 jobs in March, gaining 1,877 positions month over month, as energy service companies cautiously increase hiring amid improving market conditions.
News
March 16, 2026
Mechanix Wear has acquired OTEX, a developer of tech-enabled PPE, expanding its portfolio of advanced protective apparel and air-quality solutions for industrial and energy sector workers.
News
April 06, 2026
The Texas Railroad Commission marks 135 years overseeing oil and gas activity, highlighting its role in regulating drilling, pipelines and energy development across the state.
News
April 03, 2026
Sen. Ted Cruz receives TIPRO’s Hats Off Award for supporting policies aimed at boosting U.S. oil and gas production and energy independence.
News
April 03, 2026
Weatherford plans to relocate its legal domicile to Texas, aiming to simplify its structure, improve capital access and align more closely with its U.S.-focused operations.
News
April 02, 2026
bp’s new CEO steps in under pressure to simplify operations, cut costs and refocus on upstream oil and gas assets as investors push for a strategic reset.
News
April 01, 2026
EMGS agrees to sell its core geoservices business to Riggs Capital in a deal worth up to $2.5 million as the company moves to avoid winding down operations.
News
March 31, 2026
China’s state oil giants PetroChina, Sinopec and CNOOC are moderating spending and growth plans as market volatility, weaker prices and geopolitical risks reshape strategy, highlighting a growing divide between resilient upstream operations and increasingly pressured refining and chemicals segments.
News
March 29, 2026
At CERAWeek, Devon Energy CEO Clay Gaspar reflected on his first year leading the company, outlining a three-pillar strategy, the industrial logic behind its merger with Coterra, and how AI is reshaping operations and future value creation.
News
March 25, 2026
“You just can’t take 8-to-10 MMbpd off the market, and 20% of LNG supply, and not expect instability,” ConocoPhillips Chairman and CEO Ryan Lance said on Tuesday at CERAWeek by S&P Global, underscoring the scale of the current supply shock hitting global energy markets.
News
March 23, 2026
On Day 1 of CERAWeek, U.S. Energy Secretary Chris Wright outlined a policy shift focused on expanding domestic production, accelerating LNG exports and deploying strategic reserves, as Washington moves to stabilize markets amid geopolitical tensions and rising global energy demand.
News
March 23, 2026
TotalEnergies is exiting $1 billion in U.S. offshore wind leases and redirecting capital toward LNG and oil investments, signaling a policy-driven shift in energy priorities as Washington pushes for expanded fossil fuel development.
News
March 23, 2026
Cognite and NVIDIA are deploying NV-Tesseract AI models with Aker BP to enhance anomaly detection and predictive maintenance across offshore operations, enabling earlier fault detection, reduced downtime and improved asset reliability in oil and gas.
