bp has reached a final investment decision on the $5 billion Tiber-Guadalupe development, advancing its second new production hub in the U.S. Gulf of America/Gulf of Mexico in less than two years. SourceContinue Reading

The Slow Demise of Russian Oil Production | OilPrice.com David Messler Mr. Messler is an oilfield veteran, recently retired from a major service company. During his thirty-eight year career he worked on six-continents in field and… More Info Premium Content By David Messler – Sep 29, 2025, 7:00 PM CDT Russian oil production is facing...Continue Reading

Carlos Slim’s Grupo Carso has secured a $1.99 billion contract with Pemex to drill 32 wells at the Ixachi gas and condensate field in Veracruz. The project affirms Pemex’s efforts to boost output amid mounting debt and a push for energy self-sufficiency by 2027. SourceContinue Reading

BKV Corporation has closed its $370 million acquisition of Bedrock Energy Partners’ Barnett shale assets, adding 97,000 net acres, 108 MMcf/d of production, and expanded drilling inventory to solidify its role as the basin’s largest gas producer. SourceContinue Reading

TAY Oil Services and Polaris have commissioned a major onshore seismic survey for AGOCO in Libya’s Concession 57, deploying 40,000 STRYDE seismic nodes across 1,480 km². The project marks North Africa’s largest nodal seismic acquisition to date. SourceContinue Reading

BP Pushes Oil Demand Peak to Mid-2030s | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Sep 29, 2025, 6:00 PM CDT The company now sees global oil demand peaking in the mid-2030s...Continue Reading