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SPE is navigating one of the most challenging financial periods in its history. In this article, the SPE Officers outline the factors behind ongoing budget pressures, the actions already taken, and the new steps approved by the SPE Board of Directors to ensure long-term sustainability while protecting member value.

The supermajor’s Energy Outlook 2025 suggests geopolitical fragmentation could tilt the balance of the energy trilemma toward energy security and away from sustainability.

MODEC will supply the FPSO that will host up to 18 wells in the initial phase of development.

A 15-year SPE member, he will oversee the Office of Fossil Energy and the National Energy Technology Laboratory, managing a $5-billion R&D portfolio spanning coal, oil, natural gas, and critical minerals with the goal of advancing affordable and reliable energy solutions.

Angola expects an 18% rise in natural gas production by 2030 as global producers invest in offshore exploration and new field development.

The SPE International Hydraulic Fracturing Technology Conference and Exhibition opens with calls to adapt technology while addressing regional realities.

The leaders of US oil and gas companies in Texas and neighboring states cite regulatory uncertainty, tariffs, and volatile prices as drags on activity.

Smackover Lithium, an Equinor joint venture, will drill new wells on the Franklin project to get a better understanding of its brine makeup and lithium potential.

Iraq’s Gas Growth Integrated Project aims to increase electricity generation by capturing flare gas collected from three southern oil fields. A desalination project will use treated seawater to maintain well pressures.

The $5-billion Tiber-Guadalupe project in the Gulf of America is BP's second major project in the region to be sanctioned in 2 years.