The Texas Railroad Commission assessed more than $1.1 million in enforcement penalties against oil and gas operators, approving fines tied to compliance and default orders. SourceContinue Reading
TIPRO praised House passage of the SPEED Act, saying streamlined NEPA permitting would accelerate oil and gas projects, boost energy security and support growing U.S. power demand. SourceContinue Reading
Aminex said pipeline construction and upstream work at Tanzania’s Ntorya gas project are advancing, keeping the development on track for first gas in 2026. SourceContinue Reading
TechnipFMC has secured a $250 million–$500 million subsea EPCI contract from Eni for the Coral North FLNG project offshore Mozambique, covering flowlines, risers, manifolds and umbilicals in ultradeep water. SourceContinue Reading
Japan Petroleum Exploration Co. has agreed to acquire Verdad Resources’ tight oil and gas assets in the Denver-Julesburg basin for about $1.3 billion, marking a major expansion of JAPEX’s North American upstream portfolio. The deal is expected to significantly boost production and proved reserves, with development planned into the early 2030s. SourceContinue Reading
The U.S. House has passed the bipartisan SPEED Act, advancing sweeping federal permitting reform aimed at streamlining NEPA reviews and accelerating energy and infrastructure projects. Industry groups are now urging swift Senate action in 2026. SourceContinue Reading
California Resources Corporation has completed its all-stock combination with Berry Corporation, strengthening its California-focused portfolio with long-life, low-decline conventional assets and adding development upside in the San Joaquin Basin and Uinta Basin. SourceContinue Reading
Japan Petroleum Exploration Co. has agreed to acquire Verdad Resources’ tight oil and gas assets in the Denver-Julesburg basin for about $1.3 billion, marking a major expansion of JAPEX’s North American upstream portfolio. The deal is expected to significantly boost production and proved reserves, with development planned into the early 2030s. SourceContinue Reading
Subsea7 has been awarded a large EPCI contract by ConocoPhillips for the Previously Produced Fields (PPF) development offshore Norway. The $300–$500 million contract covers subsea structures, umbilicals, risers and flowlines tied back to the Ekofisk Complex, with offshore campaigns planned for 2027–2028. SourceContinue Reading
Abu Dhabi National Oil Co. has secured $11 billion in financing tied to future production from its Hail and Ghasha offshore gas projects, reinforcing the UAE’s push to expand gas output and achieve self-sufficiency by the end of the decade. SourceContinue Reading
