| | | | | | With Permian production staying flat, offshore assets will account for the bulk of the year’s increases. |
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| | | | Sponsored | | The American Petroleum Institute (API) recently published API Standard 16FI (API Std 16FI), Frac Iron Guidelines and Requirements. This first edition standard establishes safety guidelines for temporary high-pressure equipment (also known as frac iron) used during hydraulic fracturing operations at oil and gas well sites. |
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| | | | The operator has signed a deal to look into oil opportunities offshore Morocco. Spending in the Gulf of Mexico will rise 10% this year to $330 million. |
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| | | | The surge in oil prices reflects heightened geopolitical risks, as US rhetoric and Iran's response increase the likelihood of supply disruptions in the Persian Gulf. Experts suggest limited immediate disruption but warn of potential prolonged market impacts if tensions escalate further. |
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| The annual results mark a decline from 2024 levels—when earnings totaled roughly $33.7 billion—as global crude prices weakened through the year. |
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| | Venezuela's acting President signed new legislation to reduce state control over the oil industry, while the US Treasury issued General License 46, permitting more companies to engage in Venezuelan oil trade, though certain restrictions remain in place. |
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| | | | Sponsored | | At the crossroads of Africa, the Middle East, and the Mediterranean, Egypt stands as a pivotal energy hub driving regional growth and global collaboration. Under the patronage of H.E. Abdel Fattah El Sisi, EGYPES 2026 unites leaders to advance a responsible energy future through innovation, partnership, and sustainable action. |
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| | | Among the major oil and gas-producing states, Texas dropped the largest number of rigs this week. With 226 rigs running, the count is down 3 from last week and down 51 from this time a year ago. |
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| | Valero's 2025 results show a spike in earnings, fueled by record refining throughput, strong margins, and improved mechanical availability, despite challenges in renewable diesel. The company reported net income of $1.2 billion in fourth-quarter 2025. |
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| | | The sale agreement follows restriction from the US Treasury on a 2025 agreement with Gunvor, with Lukoil exploring multiple options to sell its international operations. |
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| | | | The operator exercised a 1-year option for the West Saturn drillship, adding $114 million Seadrill's backlog and extending the contract through October 2027. |
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| The recent program involved extending a high-voltage electrical network across the TSP fields, installing new transformers and electrical shelters, and modernizing offshore platforms. |
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