trends

Upstream M&A decelerated in the second quarter of 2025, with value falling 21% quarter-over-quarter to $13.5 billion, according to Enverus Intelligence Research (EIR) summary of Q2 2025 upstream M&A activity and outlook for the rest […]

TotalEnergies has announced the start of production from the BEGONIA and CLOV Phase 3 offshore Angola projects, which together will add a total of 60,000 bpd of new production. The two subsea tie-back projects will […]

TotalEnergies and Emerson’s Aspen Technology business have announced a strategic collaboration to deploy advanced digital technologies for the continuous, real-time collection of data from TotalEnergies’ industrial sites.  The objective is to harness the […]

SLB has been awarded a technologies and services contract for carbon storage site development in the North Sea by the Northern Endurance Partnership (NEP), an incorporated joint venture between bp, Equinor and TotalEnergies.  Teesside […]

(Bloomberg) – bp Plc appointed the former boss of a building-materials company as its new chairman, replacing Helge Lund amid pressure for a change in the company’s direction from activist shareholder Elliott Investment Management.  […]

Vår Energi has made a commercial gas and condensate discovery in the Vidsyn exploration well, located close to the Vår Energi-operated Fenja field in the Norwegian Sea. The discovery is the third commercial discovery for […]

(Bloomberg) — California Governor Gavin Newsom is proposing a bill to streamline permitting for new oil wells that environmental groups say would wipe out scrutiny of the industry.  California Governor Gavin Newsom The […]

Citing the latest Current Employment Statistics (CES) report from the U.S. Bureau of Labor Statistics (BLS), the Texas Independent Producers and Royalty Owners Association (TIPRO) today highlighted new employment figures showing a decrease in upstream […]

ExxonMobil released a formal statement on Friday following a ruling by the International Chamber of Commerce (ICC) Tribunal related to its contractual dispute with Hess Corporation over interests in the Stabroek Block offshore Guyana.  […]

(Bloomberg) — SLB, the world’s largest oil-services provider, sees resiliency in the industry and remains constructive about the second half of 2025 despite uncertainties in customer demand.    “Despite pockets of activity adjustments […]