North America
News
July 11, 2025
Rising Phoenix Capital has acquired additional mineral rights in the Midland basin operated by ConocoPhillips. The assets were acquired through the firm’s Maroon Bells Fund, an income-focused mineral portfolio that has delivered consistent cash distributions.
News
July 11, 2025
West Texas Intermediate advanced almost 3% to settle above $68 a barrel after U.S. President Donald Trump said he plans to make a “major statement” on Russia on Monday and reiterated criticism of President Vladimir Putin.
News
July 09, 2025
Chevron is reducing local and regional business units in favor of a more centralized model to improve performance and cut as much as $3 billion of costs by 2026. Changes will include single divisions for both offshore and shale operations, says Vice Chairman Mark Nelson.
Article
June 2025
As Canada’s only active offshore oil and gas province, Newfoundland & Labrador has plenty of potential for additional reserves and development. The question is how much and how fast that potential can be realized.
Article
June 2025
Petralis Energy Resources deploys low-cost, advanced nanoparticle tracer technology to optimize decision-making for its mature assets in Anderson County, Texas. The simple, non-intrusive solution enabled precise, targeted remediation strategies, enhancing production efficiency and extending asset lifespan.
News
July 08, 2025
The Energy Workforce & Technology Council (EWTC) has formally called on Mexican President Claudia Sheinbaum to address long-standing and growing non-payments by PEMEX to critical oilfield service providers. EWTC emphasized that service disruptions could begin if the situation remains unresolved.
News
July 08, 2025
U.S. crude output is now expected to grow by 160,000 bpd this year to 13.37 million bpd and remain flat in 2026, according to the Energy Information Administration’s Short-Term Energy Outlook released Tuesday.
News
July 08, 2025
The Global Energy Show Canada (GESC) concluded after three days of high impact discussions and industry innovations. Held at Calgary’s BMO Centre, the event brought together over 36,387 attendees and nearly 400 exhibitors from across the energy value chain.
News
July 07, 2025
Valaris has been awarded a 940-day contract extension for drillship VALARIS DS-16, starting in June 2026, and a new 914-day contract for drillship VALARIS DS-18, the company announced. The combined addition to contracted revenue backlog is approximately $760 million.
News
July 04, 2025
President Donald Trump secured a sweeping shift in U.S. domestic policy as the House passed a $3.4 trillion fiscal package that cuts taxes, curtails spending on safety-net programs and reverses much of Joe Biden’s efforts to move the country toward a clean-energy economy.
News
July 03, 2025
National Ocean Industries Association (NOIA) President Erik Milito issued a statement on Thursday as the One Big Beautiful Bill Act (OBBBA) heads to U.S. President Trump’s desk for signature. "With President Trump’s signature, OBBBA will restore certainty to the offshore oil and gas leasing process," Milito said.
News
July 03, 2025
The Energy Workforce & Technology Council (EWTC) on Thursday released its June 2025 jobs report, reflecting a modest dip in employment within the energy services sector amid continued economic uncertainty.
News
July 02, 2025
U.S. shale executives expect to drill significantly fewer wells this year than planned at the start of 2025, as lower oil prices and uncertainty around President Donald Trump’s tariffs hurt profits, according to a Federal Reserve Bank of Dallas survey.
News
July 01, 2025
The U.S. Senate on Tuesday voted to narrowly approve President Trump's $3.3 trillion tax and spending package dubbed the 'One Big Beautiful Bill.' U.S. energy associations including the API, IPAA, NOIA and EWTC issued separate statements acknowledging the Senate's decision as a victory for the U.S. oil and gas industry.
News
July 01, 2025
LNG Canada has successfully shipped the first export cargo from its newly-constructed facility located in British Columbia, Canada. The plant is the first-of-its-kind in Canada with an annual production capacity of up to 14 million tonnes of LNG.
News
June 30, 2025
Total U.S. liquids production managed a record-high of 20.83 million bpd in April, up roughly 50,000 barrels from the previous month, according to the Energy Information Administration's latest Petroleum Supply Monthly report released on Monday.
News
June 30, 2025
Danos Operations Services has been awarded a contract to provide production services for Beacon Offshore Energy’s new deepwater facility in the Gulf of America/Gulf of Mexico — the Shenandoah floating production system.
Article
June 2025
An innovative gas processor combines multiple technologies into a single unit, to increase the gas handling efficiency of ESPs in unconventional wells.
Article
June 2025
News
June 27, 2025
The Energy Workforce & Technology Council (EWTC) has released a statement praising the Trump Administration’s announcement of a historic offshore lease sale in the Gulf of America/Gulf of Mexico, slated to offer nearly 80 million acres for oil and gas development.
News
June 26, 2025
U.S. shale companies are expected to prioritize hedging strategies over ramping up drilling activity, despite former President Trump’s call to increase output following U.S. strikes on Iranian nuclear sites. Analysts say sustained price increases — not short-term volatility — are needed to spur new investment.
