Exploration & Production

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WATCH: Venezuelan Opposition Leader MARIA CORINA MACHADO Speaks at CERAWeek – Proposes to “Unlock” Venezuelan Oil and Have Govenrment Get Out of the Way

Venezuelan opposition leader and Nobel Laureate Maria Corina Machado addresses delegates at the 44th annual CERAWeek by S&P Global in Houston the week of March 23, 2026. Top oil executives, senior U.S. government officials and influential policymakers from around the world are gathering in Houston, Texas, for S&P Global’s annual CERAWeek conference. The gathering took …

WATCH: Venezuelan Opposition Leader MARIA CORINA MACHADO Speaks at CERAWeek – Proposes to “Unlock” Venezuelan Oil and Have Govenrment Get Out of the Way Read More »

Oil, Gas Exploration is Back: Energy Giants Hunt to Replenish Reserves

(Reuters) – Global energy companies are getting back to basics and focusing on the hunt for new sources of oil and gas, executives declared at the CERAWeek conference in Houston this week, ending years of underinvestment in exploration. In recent years, the shale revolution in the U.S. promised abundant, flexible supply, while growth in renewable …

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TotalEnergies to Honour All LNG Contracts Despite Qatar Outages

By Forrest Crellin and Shadia Nasralla PARIS, March 26 (Reuters) – TotalEnergies’ (TTEF.PA) CEO Patrick ‌Pouyanne said on Thursday that the company made a decision not to declare force majeure to any of its liquefied ​natural gas customers, and that it would respect ​all the LNG contracts in terms of ⁠price and volume. Qatar, the …

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Trump Officials Tout US Energy Dominance as Global Oil Execs Warn of Supply Crisis

(Reuters) – U.S. officials this week said the historic spike in fuel prices during the war in Iran will be short-term and trumpeted record U.S. production at an industry conference where oil executives and government officials from Asia, the Middle East and Europe bemoaned the worst oil and gas supply disruption in decades. The contrasting …

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Trump Administration Alaska Lease Sale Attracts $163 Million From Major Oil and Gas Players

  The U.S. government on Wednesday held its most successful sale ever of oil and gas drilling rights in Alaska’s National Petroleum Reserve, attracting $163 million in winning bids from industry players including ExxonMobil, ConocoPhillips, Repsol and Shell. The sale appeared to show pent-up demand from drillers for acreage in the reserve after more than six years without …

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Ranked: The Top Crude Oil Producers in 2025 – Visual Capitalist

By Gabriel Cohen | Editing Niccolo Conte | Design Sabrina Lam Key Takeaways The U.S. was the world’s largest crude oil producer in 2025, pumping 13.58 million barrels per day. Five of the world’s top 10 crude oil producers are in the Middle East. Russia and Saudi Arabia ranked second and third globally, each producing …

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Iran War Spurs a Surge in Stock Sales From US Shale Companies

By Anthony Hughes Oil drilling rigs near Stanton, Texas. Photographer: Justin Hamel/Bloomberg Stock sales by US-listed oil and gas producers are making March the sector’s busiest month in more than six years as the war in Iran whips up volatility and stalls capital-raising activity from other corners of the market. With West Texas Intermediate crude …

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US Companies to Increase Oil Production Amid Iran Conflict, Interior Secretary Burgum Says

(Reuters) – U.S. Interior Secretary Doug Burgum said on Wednesday that U.S. oil companies will soon announce increased production amid price spikes due to the ongoing Iran conflict. “I think you’re going to see them all announcing that they’ve increased production, you know, here in the United States in response to the price signals and …

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Chevron, Shell Closing in on First Big Oil Production Deals in Venezuela Since US Captured Maduro, Sources Say

(Reuters) – International oil majors Chevron and Shell are closing in on the first big oil production deals with Venezuela since the U.S. capture of President Nicolas Maduro in January, five sources close to the negotiations told Reuters. The deals would allow both companies to boost production in coveted oil regions in the South American …

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Venture Global’s Quarterly Core Profit Nearly Triples on Higher LNG Sales Volumes

Venture Global said on Monday its adjusted core profit nearly tripled in the fourth quarter, due to higher LNG sales volumes at the Plaquemines Project in Louisiana, sending its shares up nearly 9% in premarket trading. In 2025, the U.S. became the first country to export more than 100 million metric tons (mmt) of liquefied …

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