UK officials are holding talks with North Sea oil and gas producers on potentially ending the Energy Profits Levy before its 2030 expiry, as policymakers weigh investment, energy security and jobs against climate and fiscal priorities. SourceContinue Reading

Greenland Energy has secured Arctic logistics support from Desgagnés for its planned 2026 drilling campaign in the Jameson Land basin, marking a key milestone in advancing onshore oil exploration in Greenland. SourceContinue Reading

The Energy Workforce & Technology Council has appointed Kyle Chapman of Levare and Daniel Watson of Steel Alloys & Services to its advisory board, strengthening industry leadership and strategic guidance for the oilfield services and technology sector. SourceContinue Reading

Guyana President Irfaan Ali will deliver the opening address at OTC 2026 in Houston, highlighting the country’s rapid rise as a major offshore oil producer and its growing role in global offshore investment and technology development. SourceContinue Reading

bp is expanding U.S. shale drilling through its bpX Energy unit, targeting 8% production growth in 2026 and up to 650,000 boed by 2030 as the company seeks to reverse declining output and strengthen its upstream portfolio. SourceContinue Reading

Aramco has started unconventional gas production at the Jafurah shale field and launched the Tanajib Gas Plant, advancing its plan to expand Saudi gas production capacity by approximately 80% by 2030. SourceContinue Reading

Halliburton has launched the RangeStar geothermal well spacing and intercept service, a magnetic ranging solution designed to improve well placement accuracy, reduce decision time and support automation in complex geothermal drilling environments. SourceContinue Reading

The Railroad Commission of Texas assessed more than $1.27 million in enforcement penalties across oil and gas and pipeline safety violations during its latest open meeting, issuing fines through a combination of default and agreed orders tied to regulatory compliance. SourceContinue Reading

Hephae Energy Technology has appointed industry veteran Andy Bruce as president to support commercial deployment of its ultra-high-temperature geothermal drilling and robotics technology, designed to enable next-generation superhot rock geothermal development worldwide. SourceContinue Reading

Breakwall Capital and Vitol have closed Valor Upstream Credit Partners II, a new energy-focused credit fund targeting structured financing for North American upstream oil and gas companies, including refinancing, acquisitions and development capital. SourceContinue Reading