North America
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.
News
November 12, 2025
The U.S. Environmental Protection Agency has approved Texas’ application for primacy over Class VI injection wells, transferring regulatory authority to the Railroad Commission of Texas. The move, supported by the Trump administration, streamlines permitting for carbon capture and storage (CCS) projects.
News
October 30, 2025
GD Energy Products has unveiled its new High Flow (HF) Series frac pumps — the GD 5000HF and GD 3600HF — designed to deliver up to 37% more flow per stroke, improved energy transfer, and reduced maintenance.
News
November 12, 2025
TGS and Viridien have released early “Laconia Phase III” ocean bottom node (OBN) results revealing sharper imaging and reduced exploration risk across key Paleogene targets in the U.S. Gulf. The data comes just weeks before U.S. Lease Sale 262 (BBG 1) on Dec. 10, giving explorers new subsurface insight as they finalize bidding strategies.
News
November 11, 2025
North Dakota’s Industrial Commission has awarded $45.1 million in matching grants to advance Enhanced Oil Recovery (EOR) projects in the Williston basin. The funding supports pilots by Chord Energy, Continental Resources, Devon, Cobra, and the EERC to boost recovery and extend field life for decades.
News
November 07, 2025
The American Petroleum Institute has released Bulletin 5100, confirming that Ordinary Portland Cement is a safe and reliable barrier material for CCUS wells. The new guidance compiles the latest research supporting its long-term performance in CO₂ injection and storage applications.
News
November 07, 2025
The U.S. Bureau of Ocean Energy Management (BOEM) has announced two major steps toward expanding offshore oil and gas leasing under the Trump administration’s energy agenda and the One Big Beautiful Bill Act.
News
November 06, 2025
Aker Solutions has secured a five-year brownfield services contract from ExxonMobil Canada for the Hebron platform offshore Newfoundland and Labrador. The significant NOK 1.5–2.5 billion award extends Aker Solutions’ long-running EPC and maintenance work on the platform, reinforcing its strong presence in Atlantic Canada’s offshore sector.
News
November 05, 2025
Energy NL CEO Charlene Johnson said Canada’s 2025 federal budget shows promising support for resource and infrastructure projects, but urged clarity on the emissions cap timeline. She highlighted tax incentives for carbon capture and LNG as positive for Newfoundland and Labrador’s energy industry.
News
November 05, 2025
IOG Resources II has acquired producing non-operated natural gas assets in Pennsylvania’s Appalachian basin from an undisclosed seller. Operated by Seneca Resources, the assets currently produce about 19 MMcf/d.
News
November 05, 2025
Ovintiv will acquire NuVista Energy in a $2.7 billion cash-and-stock deal, adding 140,000 net acres and 100,000 boed of production in the Montney while planning to divest its Anadarko assets to strengthen its balance sheet.
