The American Petroleum Institute (API) is praising the Trump administration’s proposal to revise U.S. Corporate Average Fuel Economy (CAFE) standards, arguing the move will preserve consumer choice and support stable domestic energy demand. SourceContinue Reading

Chevron is continuing routine flights to Venezuelan oil sites despite U.S. airspace warning, with the company stressing full regulatory compliance and prioritizing worker safety amid heightened regional navigation risks. SourceContinue Reading

Chevron has unveiled a 2026 capex budget of $18–$19 billion, with major spending directed toward U.S. shale, offshore growth in Guyana and the Gulf, and lower-carbon investments. SourceContinue Reading

Congo is accelerating its upstream expansion, ramping LNG output and boosting oil production toward 500,000 bpd. New projects, fast-paced LNG development and pro-investment reforms are positioning the country as a rising hub in Central Africa’s energy future. SourceContinue Reading

Saudi Aramco has slashed its Arab Light crude price to the lowest level since 2021, signaling mounting global oversupply and softer demand as OPEC+ prepares for a slower start to 2026. SourceContinue Reading

Halliburton has promoted Shannon Slocum to executive vice president and COO, expanding his leadership role over global operations, technology, HSE and business development. The company also announced Rami Yassine as the new president of the Eastern Hemisphere. SourceContinue Reading

Kongsberg Maritime has landed a major LARS contract with Sea1 Offshore, supplying advanced launch-and-recovery systems for four new construction vessels and boosting subsea capability in harsh offshore conditions. SourceContinue Reading

Crescent Energy has sold its non-operated DJ basin assets for $90 million, marking more than $900 million in executed non-core divestitures year-to-date. Proceeds will reduce debt and strengthen the company’s balance sheet as it continues to streamline its portfolio. SourceContinue Reading

The National Petroleum Council has issued two major reports urging urgent federal permitting reform and tighter gas-electric coordination to safeguard U.S. energy reliability as demand surges. DOE Secretary Chris Wright welcomed the recommendations. SourceContinue Reading

Op-Ed: Africa’s emerging gas hubs could reshape the continent’s energy and economic future. NJ Ayuk outlines how upstream growth, infrastructure expansion and balanced fiscal policies can unlock transformational benefits—if nations navigate key risks. SourceContinue Reading