Halliburton fell sharply after warning investors that tariffs will impact a wide swath of the company’s business units. Halliburton is the first major company in the U.S. oil industry to disclose a specific financial impact from the global trade war. SourceContinue Reading

Crescent Energy has closed the sale of its non-operated Permian basin assets to a private buyer for $83 million in cash, the company announced Tuesday. The West Texas assets had projected full-year 2025 production of approximately 3 Mboe/d (~35% oil). SourceContinue Reading

Elliott Investment Management has built up its stake in bp Plc to just over 5% of shares, as the activist investor continues its pressure campaign at the struggling oil giant. The stake, disclosed in a regulatory filing on Tuesday, would make Elliott one of bp’s largest shareholders. SourceContinue Reading

Weatherford has entered a strategic partnership with AIQ, the Abu Dhabi-based AI company. The collaboration aims to integrate Weatherford’s software and hardware solutions with AIQ’s AI-driven systems to maximize efficiency for oil and gas production. SourceContinue Reading

BW Energy has discovered substantial oil reserves at its Bourdon prospect, offshore Gabon. CEO Carl Arnet noted that the appraisal well confirms potential for a new development of at least four producing wells.  SourceContinue Reading

Drivers at Energy Transfer locations across Texas, Oklahoma, and Louisiana have petitioned for a vote to remove the United Steelworkers union, potentially affecting over 420 workers in the oil and gas transportation sector. SourceContinue Reading

China’s LNG imports from the U.S. dropped to zero in March, marking a major shift in global energy trade amid rising tariffs and trade tensions. The 70% quarterly drop signals a broader realignment in LNG flows. SourceContinue Reading

Wood has been awarded $11 million in contracts by TotalEnergies to support Iraq’s Ratawi field redevelopment, aiming to boost capacity to 120,000 barrels per day under the Gas Growth Integrated Project. SourceContinue Reading

MODEC has secured a contract from ExxonMobil Guyana to deliver the Hammerhead FPSO, with initial design work underway and production capacity set at 150,000 barrels per day pending regulatory approval. SourceContinue Reading

TIPRO reports a 700-job decline in Texas upstream oil and gas employment in March, despite strong hiring activity and record production in the Permian and Eagle Ford. Regulatory shifts and market volatility continue to shape industry outlooks. SourceContinue Reading