The American Petroleum Institute (API) welcomed a federal court ruling that overturned a previous administration’s attempt to permanently ban new offshore oil and gas leasing, calling the decision a major step toward restoring access to U.S. energy resources. SourceContinue Reading

OPEC+ members are debating the size of their next oil supply increase, with options ranging from a modest 137,000 bpd to a larger boost. The decision, expected at the November meeting, comes as crude prices trade near four-month lows. SourceContinue Reading

Unit Corporation has sold its Unit Drilling Company subsidiary to Cactus Drilling in a $120 million all-cash transaction, marking a strategic exit from the contract drilling business. The divestiture allows Unit to sharpen its focus on upstream oil and gas operations and pursue new drilling opportunities. SourceContinue Reading

Angola’s National Oil, Gas & Biofuels Agency (ANPG) aims to award 60 oil and gas concessions by the end of 2025, building on 50 already allocated since 2019 through licensing rounds and direct negotiations. SourceContinue Reading

TotalEnergies has signed a farm-down agreement with CarbonVault for Denmark’s Bifrost Carbon Capture and Storage project in the North Sea, holding a 45% operator stake alongside CarbonVault (35%) and Nordsøfonden (20%). SourceContinue Reading

Eni has approved the $7.2 billion Coral Norte floating LNG project offshore Mozambique, which will add 3.6 million tons per year of LNG capacity and double the country’s production. Set to start in 2028, Coral Norte positions Mozambique as Africa’s third-largest LNG producer after Nigeria and Angola. SourceContinue Reading

Danos has acquired Panel Specialists Inc., in a deal that broadens its’ technical services footprint in Houma, Louisiana, enhancing automation, control, and reliability solutions for upstream oil and gas customers. SourceContinue Reading

The Railroad Commission of Texas (RRC) has assessed more than $1.5 million in penalties against oil and gas operators and businesses during its latest open meeting, underscoring the agency’s continued focus on regulatory enforcement and compliance across the industry. SourceContinue Reading

SLB and SBM Offshore have entered an exclusive digital alliance to develop an AI-driven ecosystem aimed at optimizing FPSO production. The partnership combines SLB’s digital platforms and domain expertise with SBM Offshore’s lifecycle knowledge. SourceContinue Reading

EnerMech has secured a subsea pre-commissioning contract for a major offshore gas project in Australia’s East Browse basin, covering riser and umbilical services from October 2025 to April 2026. SourceContinue Reading