Chevron CEO Mike Wirth says rising OPEC+ supply will pressure oil prices in 2026, while global LNG demand remains strong despite a supply surge later in the decade. SourceContinue Reading

The IEA says new U.S. sanctions on Rosneft and Lukoil pose major downside risks to Russia’s oil output and global supply, despite exports holding steady for now. SourceContinue Reading

The U.S. Environmental Protection Agency has approved Texas’ application for primacy over Class VI injection wells, transferring regulatory authority to the Railroad Commission of Texas. The move, supported by the Trump administration, streamlines permitting for carbon capture and storage (CCS) projects. SourceContinue Reading

TGS and Viridien have released early “Laconia Phase III” ocean bottom node (OBN) results revealing sharper imaging and reduced exploration risk across key Paleogene targets in the U.S. Gulf. The data comes just weeks before U.S. Lease Sale 262 (BBG 1) on Dec. 10, giving explorers new subsurface insight as they finalize bidding strategies. SourceContinue Reading

Unique Group is partnering with DEEP to deliver key engineering and life-support systems for Vanguard, the world’s first DNV-classed subsea habitat. Vanguard will enable scientists to live and work underwater for up to a week, marking a major step forward in offshore research. SourceContinue Reading

Vista Energy plans to nearly double shale output in Argentina by 2030 as President Javier Milei advances sweeping reforms to boost investment and competitiveness in the Vaca Muerta basin. CEO Miguel Galuccio said tax and labor changes could unlock major gains for Argentina’s growing shale sector. SourceContinue Reading

TGS and Viridien have released early out results from the Laconia Phase III ultra-long offset OBN survey in the Gulf of America, revealing significant imaging uplift across the 151-block Outer Continental Shelf area. SourceContinue Reading

In a new op-ed, African Energy Chamber Chairman NJ Ayuk emphasizes that responsible oil and gas production is essential for Africa’s economic growth, energy security, and poverty reduction, despite mounting global pressure to curb exploration. SourceContinue Reading

Namibia is moving to bring its oil and gas sector under presidential control as it prepares to join the ranks of Africa’s oil producers. The proposed reform follows major offshore discoveries by TotalEnergies, Shell and Galp, marking a new phase in Namibia’s energy governance and exploration growth. SourceContinue Reading

Chevron has chosen West Texas as the site of its first natural gas-fired power project supplying energy directly to a data center, marking its entry into the fast-growing AI infrastructure sector. SourceContinue Reading