Lower 48 oil production from outside the Permian Basin—namely, the Bakken and Eagle Ford shales—is expected to flatten and decline in coming years, per new EIA forecasts.

Equinor ASA, Aker BP ASA, Vår Energi ASA and DNO ASA were selected for the most offshore licenses in Norway’s annual licensing rounds.

Abu Dhabi National Oil Co. has contracted Flowserve Corp. for the supply of dry gas seal systems for EOR and a carbon capture project at its Habshan facility in the Middle East.

Hess Midstream said the repurchase is expected to result in increased distributable cash flow per Class A share.

Guyana, Latin America’s newest oil producer, is now the region’s fifth largest crude exporter after Brazil, Mexico, Venezuela and Colombia. 

For oil and gas, big M&A deals will probably encounter less resistance, tariffs could be a threat and the industry will likely shrug off “drill, baby, drill” entreaties.

The American Petroleum Institute lays out its political plans as the next presidential administration prepares to take office.