A new Rystad Energy study commissioned by AXPC highlights the vital role of independent producers in U.S. oil and gas. In 2024, onshore independents supported 3.1 million jobs and generated $488 billion in GDP output while producing over 85% of crude and 90% of natural gas. SourceContinue Reading

Canada has approved the $10 billion Ksi Lisims LNG project, a floating export facility backed by Blackstone, Rockies LNG, and the Nisga’a Nation. Set to start by 2028, the project will become Canada’s second-largest LNG export terminal. SourceContinue Reading

Aker BP is deepening its partnership with Cognite to deploy Cognite Atlas AI™, advancing its AI-first strategy in exploration and production. By harnessing agentic AI, Aker BP aims to boost efficiency, cut costs, and accelerate digital transformation across operations. SourceContinue Reading

GATE Energy has been awarded the full commissioning scope for bp’s Kaskida Floating Production Unit (FPU) in the U.S. Gulf. Working with Seatrium, GATE will provide systems completion, dynamic commissioning, and interface coordination for the deepwater project. SourceContinue Reading

EnerMech has played a key role in developing the American Petroleum Institute’s (API) first certification program for Bolted Flange Joints (BFJs), a new industry credential designed to improve integrity, reliability, and safety across the oil and gas sector.  SourceContinue Reading

Chord Energy will acquire 48,000 acres and 9,000 boed of production in the Williston Basin from ExxonMobil’s XTO Energy for $550 million. The deal, effective Sept. 1, strengthens Chord’s drilling inventory and lowers its breakeven costs. SourceContinue Reading

Global OTEC has been selected by the DeepStar consortium, backed by Chevron, ExxonMobil and bp, to study Ocean Thermal Energy Conversion (OTEC) as a renewable power source for deepwater oil and gas operations. SourceContinue Reading

MEG Energy has rejected Strathcona Resources’ sweetened C$7.6 billion bid, backing Cenovus Energy’s cash-heavy offer instead. The oil sands producer’s board cited risks tied to Strathcona’s shares and reaffirmed support for Cenovus ahead of an October shareholder vote. SourceContinue Reading

California Resources Corporation has agreed to acquire Berry Corporation in an all-stock merger valued at $717 million, including net debt, the companies announced today. The transaction will consolidate two of California’s largest upstream operators, creating a combined entity with more than 160,000 boed of production and 652 MMboe of proved reserves. SourceContinue Reading

TotalEnergies, alongside Basra Oil Company and QatarEnergy, has launched construction of the final two major components of Iraq’s multibillion-dollar Gas Growth Integrated Project (GGIP), a landmark upstream and energy transition initiative. SourceContinue Reading