Valeura Energy has completed an eight-well drilling campaign at the Nong Yao field offshore Thailand, including its first multi-lateral well and a record-setting horizontal lateral, increasing production to approximately 10,500 bopd. SourceContinue Reading
Texas’ upstream oil and gas sector added 4,100 jobs in May, according to TIPRO, as hiring activity accelerated and strong export demand reinforced the state’s position as a leading supplier of crude oil and LNG to global markets. SourceContinue Reading
The Independent Petroleum Association of America and the Domestic Energy Producers Alliance will merge July 1, creating a single advocacy organization representing U.S. independent oil and gas producers under the IPAA banner. SourceContinue Reading
OPEC’s World Oil Outlook 2026 projects global oil demand will increase to 124 MMbpd by 2050, while global energy demand rises 23%, underscoring the need for $17.7 trillion in oil sector investment. SourceContinue Reading
Vantage Drilling shareholders have approved the company’s proposed merger with Eldorado Drilling, marking a key milestone as the offshore drilling transaction moves closer to completion. SourceContinue Reading
The Railroad Commission of Texas is expanding its DOGE Task Force initiative, targeting regulatory efficiency improvements through digital modernization, permitting transparency, inspection consistency and enhanced stakeholder engagement. SourceContinue Reading
Bilfinger and Schneider Electric have successfully deployed an autonomous offshore buoy in the North Sea, completing 1,000 hours of unmanned operation while providing renewable-powered control for subsea tieback systems. SourceContinue Reading
TotalEnergies has launched MethaneLive, a global methane monitoring center that uses real-time data, AI and 13,000 sensors deployed across operated upstream assets to detect and reduce fugitive methane emissions. SourceContinue Reading
Oil and LNG shipments through the Strait of Hormuz accelerated after the U.S.-Iran agreement took effect, with Saudi, Qatari and UAE cargoes resuming transit as producers and shipowners begin testing the reopening of the critical energy corridor. SourceContinue Reading
DeepOcean has been awarded a contract by bp to support decommissioning activities at the Foinaven field West of Shetland, including the removal of subsea risers, umbilicals and associated infrastructure from the former FPSO location. SourceContinue Reading
