Canada’s energy minister said oil sands producers can absorb the costs of the proposed Pathways carbon capture project, even as companies continue raising concerns about carbon pricing and global competitiveness. SourceContinue Reading
U.S. and Iranian negotiators are reportedly nearing a framework that could reopen the Strait of Hormuz, a critical chokepoint for global oil and LNG trade, though major disagreements over sanctions and uranium enrichment remain unresolved. SourceContinue Reading
A federal oil and gas lease sale covering Permian basin acreage in Texas and New Mexico generated more than $4 billion, marking the largest onshore lease auction in U.S. history as operators ramp up drilling activity amid stronger oil prices and pro-development policy shifts. SourceContinue Reading
The U.S. oil rig count posted its largest weekly increase since 2022 as rising crude prices tied to Middle East tensions and the Strait of Hormuz disruption boosted shale drilling activity, particularly in Texas. SourceContinue Reading
Subsea7 has secured a substantial offshore Norway contract from Vår Eneri for the Goliat Gas Export Project in the Barents Sea, including pipeline installation and subsea infrastructure work tied to the Hammerfest LNG system. SourceContinue Reading
The African Energy Chamber is promoting new upstream investment opportunities across Africa to South American operators, highlighting LNG expansion, shale gas development and frontier exploration activity across the continent. SourceContinue Reading
Noble Corporation has appointed Halliburton Chairman, President and CEO Jeff Miller to its board of directors, adding additional oilfield services and offshore industry leadership experience to the company’s board. SourceContinue Reading
TotalEnergies has launched its 2026 employee share offering program, allowing employees and former employees to purchase discounted shares as part of the company’s long-term value-sharing and ownership strategy. SourceContinue Reading
Unity has secured new North Sea well decommissioning and well intervention contracts as the Aberdeen-based company expands its offshore well integrity and plugging-and-abandonment operations internationally. SourceContinue Reading
IPAA is backing new legislation from Senator Cynthia Lummis and Congressman August Pfluger aimed at easing methane emissions requirements for marginal oil and gas wells by shifting more oversight to states. SourceContinue Reading
