The American Petroleum Institute (API) has released the third edition of API Standard 2RD, enhancing offshore safety and riser integrity for floating production systems. The updated standard unifies design methods, strengthens robustness requirements, and supports extended riser service life. SourceContinue Reading

Baker Hughes has been named the winner of the fourth annual NOIA ESG Excellence Award, recognizing its leadership in offshore sustainability, data-driven emissions reduction, and responsible energy operations across more than 3,000 wells worldwide. SourceContinue Reading

Japan’s JERA is expanding its U.S. upstream presence with a $1.5 billion acquisition in Louisiana’s Haynesville Shale. The South Mansfield asset, producing 500 MMcf/d, positions JERA to double output to 1 Bcf/d and strengthen its global LNG value chain. SourceContinue Reading

The Tony Blair Institute is urging the UK government to delay its 2030 clean power target and adopt a more gradual approach to decarbonization. The think tank’s report calls for prioritizing affordable energy, warning that rapid reforms risk eroding public support for climate policy. SourceContinue Reading

Tampnet will provide advanced digital connectivity infrastructure—including subsea fiber and private 5G—for LLOG Exploration’s Salamanca deepwater development in the U.S. Gulf of America/Gulf of Mexico. SourceContinue Reading

U.S. sanctions targeting Russian oil producers Rosneft and Lukoil are unsettling China’s oil industry, which relies on Moscow for up to 20% of its crude imports. The measures, part of the Trump administration’s wider energy sanctions, raise fears of supply disruptions and secondary penalties. SourceContinue Reading

The American Petroleum Institute (API) is urging Congress to reconsider the Nationwide Consumer and Fuel Retailer Choice Act of 2025, arguing that the proposed E15 biofuel legislation no longer reflects current market realities. API warns that new state mandates and federal rule changes threaten fuel stability and investment certainty. SourceContinue Reading

BP and Japan’s JERA are winding down their U.S. offshore wind joint venture, JERA Nex bp, citing an unfavorable policy environment under the Trump administration. The decision halts the planned 2.5-GW Beacon Wind project off Massachusetts amid a broader industry pullback. SourceContinue Reading

Brazil’s latest oil auction signaled a revival in offshore exploration, with Petrobras, Equinor, and Chinese firms among the winners. The pre-salt round saw five of seven blocks awarded, underscoring renewed deepwater interest despite soft crude prices and cautious global spending. SourceContinue Reading

The U.S. Department of Energy has issued the final non-FTA export authorization for Venture Global’s CP2 LNG terminal in Cameron Parish, Louisiana. The approval enables exports to non-FTA countries and supports the U.S.’s advancing role in global LNG markets. SourceContinue Reading