Although the deepwater sector may be traversing a few rough spots at present, the general outlook over the next few years remains solidly positive. That’s the theme of comments made by Scott Livingston, NOV’s President of Energy Products and Services, during a session on Day 2 of OTC. SourceContinue Reading

In keeping with the overall themes raised on day one of OTC 2025, Weatherford CEO Girish Saligram discussed some of the major challenges facing the offshore industry as a whole in an executive dialogue panel on Monday.  SourceContinue Reading

StanChart: Oil Prices Headed Lower Before Slow Recovery | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Premium Content By Alex Kimani – May 07, 2025, 7:00 PM CDT OPEC+ is accelerating the reversal of its voluntary production cuts in June. Oil prices remain under...Continue Reading

Permian Resources has agreed to acquire core Delaware basin assets from APA Corp in a $608 million deal. The assets include 13,320 net acres, 8,700 net royalty acres and 12,000 boed, significantly expanding Permian Resources’ New Mexico footprint. SourceContinue Reading

Oil-Rich Alberta Could Vote to Separate from Canada | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – May 07, 2025, 6:00 PM CDT Alberta’s Premier Danielle Smith has opened the door...Continue Reading

Exxon Mobil Corp. plans to invest $1.5 billion in a deepwater oil field in Nigeria as Africa’s top producer looks to boost output, according to the nation’s regulator. The investment, expected within the next two years, will focus on reviving production in the Usan field. SourceContinue Reading

Southeast Asia Picks Gas Over Green Hype as Power Demand Surges | 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 – May 07, 2025, 5:00 PM CDT Natural gas is gradually going to overtake...Continue Reading

A federal jury in the Southern District of Texas has ruled in favor of Marathon Oil in a high-stakes natural gas trading dispute stemming from Winter Storm Uri. The jury rejected a $123.7 million breach-of-contract counterclaim filed by Koch Energy Services. SourceContinue Reading

Orsted Warns Offshore Wind Continues To Face Challenges | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – May 07, 2025, 3:00 PM CDT Orsted’s core earnings, or EBITDA excluding new partnerships...Continue Reading

The European Union is preparing to impose up to €100 billion ($113 billion) in tariffs on US goods if trade talks fail, according to a new report by Bloomberg this morning. The draft list of retaliatory measures will be circulated to member states as early as Wednesday, with a one-month consultation period before finalization. “These import taxes...Continue Reading