Business/economics

Weatherford CEO Girish K. Saligram said the acquisition will bolster Weatherford’s completions offerings and unconventional reservoir capabilities.

An update on SPE’s path to financial sustainability: stronger revenues, new partnerships, and emerging opportunities—from geothermal initiatives to AI-driven licensing—are improving the outlook. While challenges remain, recent progress highlights a more resilient Society and a forward-looking strategy focused on long-term member value.

Since the US arrested and removed Venezuelan President Nicolás Maduro on 3 January 2026, all eyes have turned toward the country’s vast oil reserves, the largest of any country. From 2005 to 2024, oil production in Venezuela fell by 70%, from 3.1 million B/D to just 0.9 million B/D. The race is on to bring production back, but aging infrastructure and expatriation pre…

Corporate consolidation and foreign buyers helped drive $38 billion in upstream deals in the first quarter of 2026.

The top three bidders in the latest lease sale by the US federal government paid a combined $3.9 billion.

US Energy Information Administration data sees the country’s energy production jump 3.4% over 2024 levels. Additionally, the EIA predicts industrial natural gas consumption to hit records in 2026 and 2027.

This article from the SPE Hydrogen Technical Section (H2TS) analyzes career opportunities and the capabilities professionals will need as the hydrogen sector continues to take shape.

Expected to be commissioned in 2027, the new pipeline will double the UAE's current capacity of 1.8 million B/D of crude that can be transported beyond the contested waterway.

Analysis from Wood Mackenzie warns that a prolonged closure of the critical waterway would have lasting effects on the global economy and Middle East supply capacity.

Caturus Energy’s platform integrates upstream assets from the Haynesville and East Texas basins with downstream liquefaction and export terminal facilities on Louisiana’s Gulf Coast.