A top executive at Diamondback Energy Inc. called on President Donald Trump’s administration to explain how the global trade war will help shale producers, a rare instance of public pushback from a U.S. oil boss.  SourceContinue Reading

Striving to increase production and reverse natural declines in mature oilfields, Ghana is promoting new investment across its upstream oil and gas sector through national upstream regulator the Petroleum Commission of Ghana. SourceContinue Reading

Woodside has entered into a binding agreement with Stonepeak for the sale of a 40% interest in Louisiana LNG Infrastructure LLC. The transaction significantly reduces Woodside’s capex profile and is a step towards readiness for a final investment decision. SourceContinue Reading

Liebherr has successfully sold two offshore cranes of the type RL 2600 and RL-K 2600 to Singapore-based Yinson Production. The cranes will support the Agogo FPSO, which will operate in the Agogo field, offshore Angola. SourceContinue Reading

TGS has been awarded a shallow water ocean bottom node (OBN) acquisition contract in Trinidad. The 3D baseline contract is scheduled to commence in early Q3. The total duration of the survey is approximately 80 days. SourceContinue Reading

Brazil’s state-controlled oil producer Petroleo Brasileiro SA said it has finished building a wildlife rescue center, fulfilling a final requirement by Ibama as it seeks approval to drill an exploratory well in a promising region offshore the country’s Northern state. SourceContinue Reading

Key OPEC+ nations reiterated the need for members to stick to oil output quotas. The OPEC+ alliance stunned oil traders last week by announcing it would accelerate plans to revive halted supplies next month, with an increase triple the size originally scheduled. SourceContinue Reading

The Railroad Commission of Texas this week released preliminary data on statewide oil and gas production for the month of January 2025. The figures for this month reflect output from 158,555 oil wells and 83,176 gas wells. SourceContinue Reading

The Railroad Commission of Texas on Friday released its figures for March drilling in the state, showing a noticeable gain over the previous month’s number. The overall figure also tied the level achieved in January. SourceContinue Reading

SLB today announced a partnership with Shell to deploy Petrel™ subsurface software across its assets worldwide. The adoption of Petrel software is designed to increase digital capabilities and drive operating cost efficiencies. SourceContinue Reading