North America
News
December 04, 2025
The American Petroleum Institute (API) is praising the Trump administration’s proposal to revise U.S. Corporate Average Fuel Economy (CAFE) standards, arguing the move will preserve consumer choice and support stable domestic energy demand.
News
December 04, 2025
Chevron has unveiled a 2026 capex budget of $18–$19 billion, with major spending directed toward U.S. shale, offshore growth in Guyana and the Gulf, and lower-carbon investments.
News
December 04, 2025
Halliburton has promoted Shannon Slocum to executive vice president and COO, expanding his leadership role over global operations, technology, HSE and business development. The company also announced Rami Yassine as the new president of the Eastern Hemisphere.
News
December 03, 2025
The National Petroleum Council has issued two major reports urging urgent federal permitting reform and tighter gas-electric coordination to safeguard U.S. energy reliability as demand surges. DOE Secretary Chris Wright welcomed the recommendations.
News
December 02, 2025
Halliburton has appointed veteran oil and gas executive Timothy A. Leach to its board of directors, effective Dec. 2, 2025, adding one of the U.S. shale sector’s most recognizable leaders to the company’s governance team. Leach will stand for election at Halliburton’s 2026 annual shareholders meeting.
News
December 01, 2025
Iraq is moving to reshape ownership of the giant West Qurna-2 field, launching direct talks with select U.S. oil companies to acquire Lukoil’s sanctioned stake. Baghdad says a U.S. operator would strengthen market stability and deepen energy ties with Washington.
News
December 01, 2025
Subsea Supplies has partnered with DRIFT Offshore to expand subsea connector and cable assembly support for U.S. energy operators. The collaboration establishes local manufacturing and testing capabilities in Florida, reducing lead times and improving supply-chain reliability for offshore projects.
News
November 27, 2025
EPA has finalized a rule extending compliance deadlines for methane-leak detection and equipment upgrades, giving U.S. oil and gas operators more than a year of additional time to meet federal requirements—drawing praise from industry and criticism from environmental groups.
News
November 26, 2025
Brazil’s environment minister says COP30’s push for a global fossil-fuel phaseout stalled partly because the U.S. skipped the summit—deepening political divides and weakening momentum behind a fossil-fuel road map.
News
November 26, 2025
PipeSense has signed an exclusive agreement with Indigenous-owned Monitor Emissions to expand advanced leak detection, pig tracking, and hydrotesting technologies across Canada’s pipeline network—strengthening national integrity, safety and emissions reduction efforts.
News
November 25, 2025
Seatrium has secured its second deepwater FPU contract from bp, winning the Tiber project in the U.S. Gulf. Leveraging a series-build approach and lessons from the Kaskida unit, the Tiber FPU will deliver 80,000 bpd from Keathley Canyon using fully integrated, single-lift topsides.
Article
November 2025
In his newest column, World Oil editor-in-chief Kurt Abraham breaks down the Trump administration’s sweeping new offshore leasing strategy—an overhaul that replaces the restrictive Biden-era plan with a far more expansive five-year program.
News
November 24, 2025
A new drilling surge is underway in the U.S. Gulf, as Beacon Offshore starts up record-setting high-pressure wells that could reshape long-term U.S. deepwater production.
News
November 21, 2025
The U.S. Department of Energy has eliminated key clean-energy and renewable offices as part of a broad Trump administration reorganization, replacing them with new divisions focused on hydrocarbons, geothermal development, and fusion. The shift underscores a major policy pivot toward expanding domestic oil and gas production.
News
November 20, 2025
The U.S. Department of the Interior has proposed its most expansive offshore leasing plan in years—up to 34 OCS lease sales across the Gulf of America, Alaska and the Pacific. API, NOIA and IPAA call it a “historic step” toward restoring U.S. offshore competitiveness and strengthening long-term energy security.
News
November 20, 2025
Baker Hughes has secured a major order for 25 aeroderivative gas turbines from Dynamis Power Solutions, supporting a new high-capacity mobile power system designed for upstream, refining and petrochemical operations across North America.
News
November 18, 2025
ExxonMobil, Chevron, ADNOC and Carlyle are evaluating parts of Lukoil’s international portfolio as U.S. sanctions set to take effect in December accelerate the Russian producer’s efforts to divest global assets, including stakes in Iraq’s West Qurna 2 field and operations in Uzbekistan.
News
November 18, 2025
The U.S. Treasury says its latest sanctions on Rosneft and Lukoil are pushing Russian crude prices to multi-year lows and prompting major Indian and Chinese buyers to pause December purchases. Officials warn additional measures may follow as the U.S. targets Moscow’s oil revenue.
News
November 18, 2025
SLB OneSubsea has secured an EPC contract to deliver a standardized subsea boosting system for bp’s Tiber project in the deepwater Gulf of Mexico—the second such award tied to bp’s Paleogene developments after Kaskida.
News
November 17, 2025
The American Petroleum Institute has launched a nationwide campaign spotlighting the skill, safety, and professionalism of U.S. oil and gas workers, tying into renewed public interest with the return of the Paramount+ series Landman.
News
November 13, 2025
Repsol is evaluating a reverse merger between its $19 billion upstream division and APA to speed a New York listing, as the company weighs options ranging from an IPO to a stake sale.
