Brazil’s ANP has authorized Petrobras to resume drilling in the Foz do Amazonas offshore frontier following a temporary suspension, reopening one of Brazil’s most closely watched exploration campaigns. SourceContinue Reading

The Texas Railroad Commission assessed more than $1.4 million in enforcement penalties against oil and gas operators and related businesses, reflecting continued regulatory oversight of industry compliance and pipeline safety across the state. SourceContinue Reading

South Africa’s new Upstream Petroleum Resources Development Act seeks to improve legal certainty and attract exploration investment following recent supermajor exits, but questions remain over whether the new framework can revive offshore development. SourceContinue Reading

Canadian crude markets are showing signs of oversupply as widening Western Canadian Select discounts, rising storage incentives and increased competition from Venezuela pressure oil sands producers despite expanded export capacity. SourceContinue Reading

TotalEnergies has agreed to acquire a 42.5% operated interest in Namibia’s offshore PEL104 exploration license, expanding its position in the Lüderitz basin as the company advances development and appraisal activities across its growing Namibia portfolio. SourceContinue Reading

Beacon Offshore’s Shenandoah field is demonstrating how advanced engineering and production chemistry are enabling reliable output from ultra-high-pressure, deepwater reservoirs. Rapid ramp-up and stable early performance highlight new benchmarks for HPHT development in the U.S. Gulf. SourceContinue Reading

ConocoPhillips says recovering billions from past Venezuela expropriations will take priority over new drilling, highlighting ongoing financial and political hurdles facing foreign investment in the country’s oil sector. SourceContinue Reading

The Independent Petroleum Association of America (IPAA) has promoted Dan Naatz to executive vice president and chief policy officer, strengthening its advocacy for U.S. independent oil and gas producers on federal leasing, methane regulation and permitting reform. SourceContinue Reading

VAALCO Energy has agreed to sell its non-core producing assets in Canada for approximately $35 million, allowing the company to refocus capital on higher-impact drilling and development opportunities across its core portfolio. SourceContinue Reading

Shell reported strong cash generation and upstream resilience in Q4 2025, delivering $26 billion in annual free cash flow, boosting its dividend and extending share buybacks as it continues portfolio high-grading and disciplined upstream investment into 2026. SourceContinue Reading