Business/economics
Weatherford CEO Girish K. Saligram said the acquisition will bolster Weatherford’s completions offerings and unconventional reservoir capabilities.
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…
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.
-
In partnership with OTC 2026, Rystad Energy has shared its latest outlook for the offshore sector and the role it is expected to play in supplying low-cost barrels through 2050. -
The oilfield service company said its emissions reductions are thanks in part to the increased use of renewable energy and operation efficiencies.
-
The companies also agreed to collaborate on new AI models to unlock further insights from S&P Global Energy’s upstream data.
-
After tracking ARC Resources for more than 2 years, Shell is buying the company to access its tier-one Montney assets.
-
Saipem can begin early subsea engineering on ExxonMobil’s Longtail project in Guyana under a Limited Notice to Proceed, while the operator awaits final investment decision and government sign-off.
-
A Dallas Fed survey update suggests few executives foresee a strong US production response, even with oil prices above $90/bbl.
-
Under the agreement, Trafigura will pay Gabon $1 billion for future crude export deliveries over 7 years.
-
The country’s foreign investment bid comes as Sonatrach launches its largest capital expenditure outlay—$60 billion to be spent from 2026 to 2030.
-
Fervo Energy and Vallourec have signed a 5‑year supply agreement to support large‑scale deployment of next‑generation geothermal across the US, establishing a fully domestic supply chain for geothermal well components.
-
War‑related infrastructure damage is beginning to influence global energy supply chains in ways that could reshape project development and capacity growth.
