A federal panel has approved an exemption allowing oil and gas drilling in the Gulf of America/Gulf of Mexico to proceed without certain endangered species protections, citing national security concerns in a rare decision that could accelerate offshore activity and reshape regulatory oversight. SourceContinue Reading
Tensions in the Strait of Hormuz escalated after a tanker was struck and President Trump urged allies to secure the waterway, heightening risks to global oil and LNG flows as shipping disruptions threaten supply and energy markets. SourceContinue Reading
China’s state oil giants PetroChina, Sinopec and CNOOC are moderating spending and growth plans as market volatility, weaker prices and geopolitical risks reshape strategy, highlighting a growing divide between resilient upstream operations and increasingly pressured refining and chemicals segments. SourceContinue Reading
Golden Pass LNG has achieved first LNG from Train 1 at its Sabine Pass, Texas facility, marking a key milestone in one of the largest U.S. LNG export projects, as McDermott and Chiyoda complete construction and commissioning and advance work on remaining trains. SourceContinue Reading
Chevron has appointed a new chief health, safety and environment (HSE) officer and reassigned leadership across key refinery operations, as the company reinforces its focus on operational performance, safety and reliability across its global upstream and downstream portfolio. SourceContinue Reading
SLB has signed a three-year agreement with Azule Energy to expand its Delfi digital platform across operations in Angola, enhancing reservoir workflows, well planning and decision-making, while improving execution efficiency and supporting more reliable upstream production across complex assets. SourceContinue Reading
The Railroad Commission of Texas assessed nearly $2 million in enforcement fines against oil and gas operators and related businesses, underscoring ongoing regulatory oversight of drilling activity and intrastate pipeline safety across the state. SourceContinue Reading
WTI crude settled above $100 per barrel for the first time since 2022, as the Iran conflict and disruptions in the Strait of Hormuz tighten global oil supply, raising concerns over inflation, shipping constraints and further upside risk for energy prices. SourceContinue Reading
Mercuria-backed Phoenix Global Resources is preparing a $6 billion expansion in Argentina’s Vaca Muerta shale, as President Javier Milei’s RIGI incentives boost investor confidence and accelerate drilling activity, positioning the basin as a growing contributor to global oil supply. SourceContinue Reading
Perenco has denied reports that Gabon has launched legal action against the company, calling the claims “false and defamatory” and pushing back against what it described as inaccurate media coverage. SourceContinue Reading
