Oil and Gas Industry

The Texas Panhandle experienced a magnitude 5.0 earthquake, the strongest in the region in at least 100 years. Local county officials expressed concerns about potential impacts on the oil and gas industry.

Miatta Fahnbulleh visited Aberdeen as the North Sea oil and gas industry seeks to influence Burnham’s government regarding new drilling licenses. Companies are hoping for favorable decisions on drilling permits through her visit.

Burnham has decided to maintain the ban on North Sea exploration licences. The decision faces criticism from the oil and gas industry and trade unions.

Applied Computing has raised $20M in Series A funding to develop a foundation AI model for the oil, gas, and petrochemical industry. The model aims to provide operators with AI tools for entire plant operations.

Donald Trump approved reducing the size of Bears Ears and Grand Staircase-Escalante national monuments in Utah by nearly 1.5 million acres each, opening the land to developers and the oil industry. The action reverses protections established by former presidents and affects areas sacred to Native Americans.

Donald Trump approved reducing the size of two Utah national monuments, Bears Ears and Grand Staircase-Escalante, by nearly 1.5 million acres each. The move opens land to developers and the oil and gas industry, undoing protections established by previous presidents. The monuments are held sacred by many Native Americans.

Los Angeles is attempting to phase out urban oil production, following a previous 2022 ordinance that was invalidated by a judge after legal challenges from the oil and gas industry.

The Los Angeles City Council is attempting again to phase out urban oil production after a previous 2022 ordinance was struck down by a judge following legal challenges from the oil and gas industry.

Los Angeles is attempting again to phase out urban oil production after a 2022 ordinance to do so was invalidated by a judge following legal challenges from the oil and gas industry.

Nigeria's active drilling rig count increased by over 40% month-over-month in early 2026, driven by a rebound in offshore drilling activity, according to data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

John Cornyn's defeat in the Texas Senate primary by Ken Paxton, despite spending $92 million, marks a shift in the Republican party. Paxton, endorsed by Donald Trump, won by 28 points despite allegations of misconduct. The National Republican Senatorial Committee erased Cornyn's campaign, signaling the party's transformation.

Meade Lewis, founder and CEO of mIQroTech, Inc., a technology company in the oil and gas industry, has been indicted on five counts of wire fraud for allegedly defrauding investors of over $7 million. He faces up to 20 years in federal prison per count, and the U.S. government seeks to forfeit $7,096,458 in alleged proceeds.

A GOP runoff election for the Texas Railroad Commission, which regulates the oil and gas industry, has become a major fundraising battleground attracting significant donations from wealthy donors. The race features challenger Bo French against incumbent Chair Jim Wright, with the position's influence over energy policy drawing substantial financial interest.

The article warns that higher oil and gas prices are expected soon, as indicated by the industry and analysts.