North America
News
June 20, 2025
Canadian oil producer Strathcona Resources stood by its offer for MEG Energy after having the $4.1-billion takeover bid rejected by MEG’s board. While MEG called the offer “inadequate and opportunistic,” Strathcona continues to try to win over MEG shareholders.
News
June 20, 2025
According to TIPRO’s analysis, direct Texas upstream employment for May totaled 208,200, an increase of 2,200 industry positions from April employment numbers, subject to revisions. This represented an increase of 600 jobs in the services sector and 1,600 jobs in oil and gas extraction.
News
June 20, 2025
Danos has secured a contract renewal with Eni to provide production labor for its Gulf of America/Gulf of Mexico assets. The agreement includes approximately 50 offshore positions, such as production operators, instrumentation and electrical technicians, mechanics and electricians.
News
June 22, 2025
Oil traders are preparing for an oil-price surge when trading reopens, with the focus on whether Tehran’s retaliation to U.S. airstrikes will lead to a disruption in crude flows that have been largely unaffected so far.
News
June 19, 2025
At the 96th Annual Meeting of the Independent Petroleum Association of America (IPAA) in Williamsburg, Va., Don Sparks the co-founder and chairman of the board of Discovery Operating, Inc., was presented with the 2025 Chief Roughneck Award.
News
June 19, 2025
Continuing with the success of Phases I and II of its Laconia 3D OBN multi-client seismic program in the U.S. Gulf, Viridien has announced, in collaboration with partner TGS, the start of Laconia Phase III.
News
June 18, 2025
During its June 2025 Commissioners' Conference, the Railroad Commission of Texas (RRC) assessed over $1.4 million in penalties on oil and gas operators for violations. The RRC is the state agency responsible for regulating the oil and gas industry in Texas, including pipeline safety.
News
June 18, 2025
U.S. oil inventories dropped 11.5 million barrels in the week through June 13, the steepest slide since late June 2024, according to data released Wednesday by the U.S. Energy Information Administration (EIA).
News
June 18, 2025
The provision would allow energy companies subject to a 15% corporate alternative minimum tax to deduct certain drilling costs when calculating their taxable income. Companies including ConocoPhillips, Ovintiv Inc. and Civitas Resources, Inc. lobbied in favor of it.
News
June 17, 2025
Workrise has announced an exclusive licensing agreement to bring Shell’s U-lateral drilling technology to operators across the U.S. The U-lateral technique allows operators to reduce drilling costs and save time while increasing production capacity.
News
June 17, 2025
Angola’s Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, recently met with U.S. Secretary of Energy Chris Wright in Washington, D.C. to advance strategic cooperation and expand U.S. investment across oil, gas, critical minerals and renewable energy.
News
June 17, 2025
The American Petroleum Institute has joined more than 100 other energy trade groups and organizations in urging the Department of the Interior to develop a new five-year offshore leasing program that fully leverages the U.S. Outer Continental Shelf.
News
June 16, 2025
EnerMech has been awarded a contract by ExxonMobil to deliver a complete flowline decommissioning package for the Hoover Diana development in the Gulf of Mexico/Gulf of America. The scope marks EnerMech’s first major decommissioning campaign in the region.
News
June 16, 2025
Baker Hughes will acquire Continental Disc Corporation (CDC), a leading provider of safety-critical pressure management solutions, in an all-cash transaction for approximately $540 million, the company announced on Monday.
News
June 16, 2025
TotalEnergies has acquired a 25% working interest in a portfolio of 40 exploration leases offshore U.S. from Chevron (operator). The transaction provides access to multiple offshore exploration plays and prospects, strengthening the successful U.S. offshore collaboration with Chevron beyond existing partnerships.
News
June 15, 2025
During the Executive Conference of the Global Petroleum Show last week, Alberta’s premier, Danielle Smith, provided an update on the province’s energy sector and gave her assessment of the new federal administration’s policies on energy.
News
June 13, 2025
Leaders from both the American Petroleum Institute (API) and American Fuel & Petrochemical Manufacturers (AFPM) jointly issued statements on Friday as U.S. President Trump signed into law a series of bills overturning California's electric vehicle mandates.
News
June 12, 2025
Oceaneering International, Inc. (Oceaneering) announced today that its Offshore Projects Group (OPG) segment has entered into a vessel services agreement with a major operator for use of the MPSV Harvey Deep Sea.
News
June 12, 2025
U.S. Energy Secretary Chris Wright said it’s “unlikely” the country’s oil production will drop next year, contrary to the expectations released this week by a government agency. The EIA revised down its view of U.S. production Tuesday, anticipating the first drop in output since 2021.
News
June 11, 2025
The Gulf’s rising importance represents a turnaround from the past two decades, when the region took a backseat to the U.S. shale boom. But now tumbling crude prices are hurting shale drillers while major, longer-term Gulf projects are starting to come online.
