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

The National Ocean Industries Association is pleased to announce SEACOR Marine and Proceanic are winners of the 2025 NOIA Safety in Seas Award Competition. SEACOR Marine is the Culture of Safety winner while Proceanic won the Safety Practice award. SourceContinue Reading

Subsea7 has been awarded a sizeable contract by Shell Offshore for the Sparta deepwater development. The project involves the transportation and installation of a floating production system (FPS) off the coast of Louisiana at water depths of up to 1,635 meters.  SourceContinue Reading

In a conference Thursday, OPEC+ was expected to simply remind errant members to respect output limits, ahead of confirming its existing plan to gradually raise production. Instead, they delivered a major shock — increasing supply by three times the planned amount in May in what delegates described as a deliberate effort to drive down prices....Continue Reading

Global Underwater Hub (GUH) and Subsea Innovation Cluster Australia (SICA) have signed a Memorandum of Understanding to work together to grow the subsea sector in both hemispheres.   SourceContinue Reading

In a bid to bolster significant global investment and competitiveness within Africa’s oil and gas sector, national oil companies (NOCs) in Nigeria and Angola are progressing with long-anticipated initial public offerings (IPOs). SourceContinue Reading

TIPRO has published a new report highlighting the continued success of oil and natural gas producers in the U.S., Permian basin and Texas in maintaining low emissions despite record oil and gas production levels. The report is part of TIPRO’s “Texans for Natural Gas” campaign. SourceContinue Reading