The Trump administration is moving to repeal Biden-era curbs blocking oil drilling across most of the mammoth petroleum reserve in Alaska that’s home to an estimated 8.7 billion barrels of recoverable oil. SourceContinue Reading
Aker Solutions has successfully installed an autonomous drone system on Aker BP’s Edvard Grieg platform in the North Sea, marking a major step toward fully autonomous offshore inspections. SourceContinue Reading
The Cooperative Republic of Guyana and African Export-Import Bank (Afreximbank) have concluded a two-day roadshow to promote access to a US $1-billion oil services financing facility announced by the Bank in February this year during the Guyana Energy Conference. SourceContinue Reading
Officials say the supply hikes reflect Saudi Arabia’s desire to punish over-producing members like Kazakhstan and Iraq, recoup market share lost to U.S. shale drillers and other rivals, and satisfy U.S. President Trump’s desire for cheaper oil. SourceContinue Reading
Canadian wildfires have prompted evacuations from oil sands projects in northern Alberta and forced thousands of people from their homes. A fire near Cold Lake, Alberta is bearing down on oil sands operations and curtailing production in the region as employees are told to leave. SourceContinue Reading
Chevron plans to lay off approximately 200 employees in the Permian basin, the company announced in a filing with the Texas Workforce Commission. The TWC had mistakenly reported the number as 800 due to a data entry error, and it has since been corrected. SourceContinue Reading
bp Plc appointed oil industry veteran Dave Hager to the board, bolstering its efforts to refocus on fossil fuels and keep investors on side. Hager has been in the sector for more than 40 years, recently leading U.S. shale producer Devon Energy Corp. as chief executive and then executive chairman. SourceContinue Reading
Specialist drilling waste management company, TWMA*, has published its results for Q1 2025, including revenue of $16.4 million. The results follow a period of progress on key group strategic initiatives, positioning TWMA for future expansion. SourceContinue Reading
EOG Resources today announced a definitive agreement to acquire Encino Acquisition Partners (EAP) for $5.6 billion. The deal positions EOG as a leading E&P within the Utica shale play, adding 675,000 net acres for a combined 1,100,000 acres, and representing more than two billion boe of undeveloped resource. SourceContinue Reading
A total of 26 out-of-control fires are burning in the province amid hot, dry weather, bringing flames within 12 mi (20 km) of about 245,000 bopd production, according to data from Alberta’s energy regulator and wildfire department. SourceContinue Reading
