More than 80 energy and business groups urged the Interior Department to maintain and expand U.S. offshore oil and gas leasing in its draft national program. SourceContinue Reading
Shell and partners are evaluating development of Nigeria’s Bonga South West deepwater oil field, a project that could attract up to $20 billion in investment and deliver peak production of 220,000 bpd from an estimated 820 million barrels of reserves. SourceContinue Reading
SLB closed 2025 with signs of stabilizing upstream activity across global markets. The company is leaning into production optimization, digital growth and offshore developments as it looks toward 2026. SourceContinue Reading
TMC Compressors has secured a contract to supply marine compressed air systems for SBM Offshore’s Chalchi FSO, supporting deepwater oil development offshore Mexico. The unit will be deployed in 2,500 m of water and is designed to store up to 950,000 bbl of crude. SourceContinue Reading
Saudi officials are signaling a shift toward tighter spending discipline as lower oil prices pressure government revenue, recalibrating priorities under Vision 2030 while maintaining momentum in the non-oil economy. SourceContinue Reading
A worker death at Suncor Energy’s oil sands operations near Fort McMurray is under investigation by Alberta regulators, marking the company’s first fatality since 2022. SourceContinue Reading
U.S. crude oil production is expected to stay near its 2025 record through 2026 before declining in 2027, as lower prices slow drilling, EIA forecasts. SourceContinue Reading
TMC Compressors has secured a contract to supply marine compressed air systems for SBM Offshore’s Trion FSO, supporting deepwater oil development offshore Mexico. The unit will be deployed in 2,500 m of water and is designed to store up to 950,000 bbl of crude. SourceContinue Reading
McDermott has been awarded a major EPCI contract by ADNOC for the Nasr-115 Expansion Project offshore the UAE, supporting increased Al Nasr field production capacity to 115,000 bpd by 2027. SourceContinue Reading
The U.S. has no plans to provide physical or financial security guarantees to oil companies planning to operate in Venezuela, Energy Secretary Chris Wright said, underscoring ongoing investment risk concerns in the country’s oil sector. SourceContinue Reading
