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 |  Oct. 13, 2025
The Hammerhead FPSO will have the capacity to produce 150,000 b/d of oil, along with associated gas and water. It will be moored at a water depth of about 1,025 m using a spread...
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market reporting on oil and gas infrastructure backdrop
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offshore
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The rig count in Canada is up 3 rigs to 193 rigs working for the week ended Oct. 10, according to Baker Hughes data. In the US, a 2-rig drop brought the rig count to 547 for the week.
Map from Mustang Express
Mustang Express Pipeline map
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Learning Resources

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Digital transformation has revolutionized oilfield operations—but it’s not without risk. As innovation surges, so do cyber threats targeting critical infrastructure. Discover ...
Oct. 13, 2025
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In a complex industry shaped by scale and risk, oil and gas companies are embracing digital transformation to rethink operations. This study explores how data is redefining the...
Oct. 13, 2025
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Modernizing oilfield automation requires a strategic migration plan—one that guides teams from assessment to execution and ongoing support. This paper outlines ten key recommendations...
Oct. 13, 2025
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This in-depth analysis explores how further cuts to 2025 Capex in Q2 25 earnings, the fall in the US oil rig count, rising gas-oil ratios in the Permian and increased hedging ...
Sept. 25, 2025

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General Interest

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Discover how a strong treasury services partnership can help your energy company gain an edge and reduce the risk of fraud
Oct. 13, 2025
Prime Minister's office, Republic of Iraq
Signing ceremony Iraq Ministry of Oil, ExxonMobil
With a series of preliminary agreements, Iraq aims to expand its oil and gas production, including plans to develop the Majnoon and Kirkuk fields.
Oct. 9, 2025
371543197 © Phichitpon Intamoon | Dreamstime.com
US flag behind oil and gas infrastructure
At 420.3 million bbl, US crude oil inventories are about 4% below the 5-year average for this time of year, the EIA report indicated.
Oct. 8, 2025
Photos from NextDecade Corp.
Mike Mott, Brent Wahl, NextDecade Corp.
Mott will take over the chief financial role from Brent Wahl, who will resign later this month from NextDecade to join a digital infrastructure company.
Oct. 8, 2025

Refining & Processing

Map from Cardinal Midstream
Cardinal Midstream asset map
The energy midstream company now owns and operates about 150 miles of natural gas infrastructure in the core of the oil and gas producing Delaware basin and plans to expand its...
Oct. 7, 2025
Photo from Occidental Petroleum Corp.
Occidental Petroleum Corp. has agreed to sell its chemical subsidiary Occidental Chemical Corp. (OxyChem) to Berkshire Hathaway Inc. for $9.7 billion. OxyChem Ingleside ethylene operations shown here.
The sale allows Occidental to focus on upstream oil and gas operations while using the proceeds to reduce debt by $6.5 billion. Berkshire Hathaway plans to operate OxyChem as ...
Oct. 2, 2025
Map from Targa Resources Corp.
Targa Resources infrastructure map, Permian basin
Targa Resources is investing $3.3 billion in new infrastructure, including the Speedway NGL pipeline and multiple gas processing plants, to support increasing production in the...
Oct. 1, 2025
196157723 © Oleg Kachura | Dreamstime.com
Macquarie strategists note that China’s oil demand is set for a stronger trajectory in 2026, as robust refining activity and a push toward petrochemical expansion offset structural challenges in fuel consumption.
China’s oil demand is set for a stronger trajectory in 2026, as robust refining activity and a push toward petrochemical expansion offset structural challenges in fuel consumption...
Sept. 30, 2025

Drilling & Production

Øyvind Gravås (Woldcam) / © Vår Energi
Gjøa platform, North Sea
Remaining recoverable volumes increased about 25% to a total of 6.3 MMboe, the operator said, extending the economic production life of Gjøa by 2-3 years.
Oct. 7, 2025
159458497 © Aleksei Zakirov | Dreamstime.com
drilling rig
A 1-rig gain in the US Gulf of Mexico offset a 1-rig loss on US land. The total rig count in North America is down 69 rigs from the same time last year.
Oct. 3, 2025
159458497 © Aleksei Zakirov | Dreamstime.com
US oil and gas drilling rig activity increased this week with the addition of 7 rigs
Of the US rigs working, 424 were drilling for oil, up 6 compared with the previous week. Rigs drilling for natural gas declined by 1.
Sept. 26, 2025
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Clay Gaspar told a recent conference the company is studying greater infrastructure investments in New Mexico “in a defensive mechanism.”
Sept. 26, 2025

Exploration & Development

Photo from Eni
Coral North FID
Coral North is Eni’s second development in Mozambique and the second large-scale FLNG delivered in ultra-deep waters. The first, Coral South (Sul), has been in production since...
Oct. 3, 2025
Photo from DeepOcean
Edda Freya vessel
Equinor awarded contract to DeepOcean for installation work on Åsgård and Visund fields on the Norwegian continental shelf.
Sept. 30, 2025
Rendering from bp plc
bp Kaskida's FPU design rendering
bp has taken FID on the Tiber-Guadalupe project, marking its second offshore platform approval in the US Gulf in 2 years as it works to increase its upstream oil and gas portfolio...
Sept. 29, 2025
Photo from Equinor / Øyvind Hagen via Norwegian Offshore Directorate
Equinor Troll B platform, North Sea
The tie-in is part of a project aimed at reducing decline in natural gas production in the coming years.
Sept. 25, 2025

Pipelines & Transportation

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Sharply higher costs in all categories—particularly material, which roughly doubled—increased the estimated price of building land pipelines by about $4.5 million/mile, to a record...
Oct. 6, 2025
Rendering from Sempra Infrastructure
Port Arthur LNG Phase 2 rendering
Sempra contractor Bechtel Energy has selected Baker Hughes to supply liquefaction equipment for the Port Arthur LNG expansion, including turbines and compressors.
Oct. 1, 2025
2682449 © Elultimodeseo | Dreamstime.com
Argentina flag
With the provincial approval of MKII and YPF’s memoranda with ENI and Shell, Argentina is accelerating the creation of an LNG export hub on the coast of Río Negro.
Sept. 26, 2025
Photo from Woodside
Botas, Woodside agreement signing
The companies aim to strike a binding deal in which Woodside would supply Turkish-state Botaş with LNG for up to 9 years, primarily from the Louisiana LNG project.
Sept. 24, 2025