The Railroad Commission of Texas (RRC) has assessed more than $1.5 million in penalties against oil and gas operators and businesses during its latest open meeting, underscoring the agency’s continued focus on regulatory enforcement and compliance across the industry. SourceContinue Reading

SLB and SBM Offshore have entered an exclusive digital alliance to develop an AI-driven ecosystem aimed at optimizing FPSO production. The partnership combines SLB’s digital platforms and domain expertise with SBM Offshore’s lifecycle knowledge. SourceContinue Reading

EnerMech has secured a subsea pre-commissioning contract for a major offshore gas project in Australia’s East Browse basin, covering riser and umbilical services from October 2025 to April 2026. SourceContinue Reading

Berkshire Hathaway has agreed to buy Occidental Petroleum’s OxyChem unit for $9.7 billion in cash, marking Berkshire’s largest deal since 2022. Occidental plans to use $6.5 billion of proceeds to cut debt below $15 billion, reinforcing its strategy to prioritize long-term oil and gas development in the Permian basin. SourceContinue Reading

Enverus Intelligence Research warns that Illinois’ ban on CO₂ sequestration beneath the Mahomet Aquifer has halted 5.6 MMtpa of carbon storage projects and could set a precedent nationwide, putting 20% of U.S. carbon capture capacity at risk. SourceContinue Reading

Elea Data Centers has secured a R$2.3 billion (US$500 million) contract from Petrobras to build a large-scale, renewable-powered data center in São Paulo. The 17-year agreement is being described as the largest IT infrastructure award of its kind in Latin America. SourceContinue Reading

Weatherford International launched its Industrial Intelligence digital portfolio at the FWRD 2025 Technology Conference in Houston, introducing advanced edge automation, digital twin technology and AI-powered platforms. SourceContinue Reading

Rhino Resources Namibia Ltd. has confirmed a significant gas condensate discovery at the Volans-1X exploration well in Block 2914A, offshore Namibia’s Orange basin. The find represents the company’s third consecutive hydrocarbon discovery on Petroleum Exploration License 85 (PEL 85). SourceContinue Reading

AXP Energy has confirmed oil and gas across multiple pay zones in its Charlie #1 well in Noble County, Oklahoma. Wireline logs identified hydrocarbons in the Oswego Lime, Mississippi Chat, Mississippi Lime and Woodford Shale intervals. SourceContinue Reading

North Sea Midstream Partners (NSMP) has received first gas from Shell’s Victory field, the first new West of Shetland gas since 2017. Gas is flowing through the SIRGE and FUKA pipelines to the St Fergus Terminal, bolstering UK energy security and reducing reliance on imported LNG. SourceContinue Reading