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2 weeks ago | 
jpt.spe.org | Jaxon Caines
After enduring financial struggles to start the year, including a 48% drop in net profit, BP is making some changes, the company announced in its first-quarter earnings call. A significant change for the British supermajor is the ousting of Executive Vice President of Strategy, Sustainability, and Ventures, Giulia Chierchia, who will step down on 1 June and will not be replaced.
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2 weeks ago | 
jpt.spe.org | Jaxon Caines
Phase 2 of the Baleine Project Boosts Côte d'Ivoire's Gas Volumes Eni and Petroci announced a major boost in gas volumes from the Baleine upstream project to support power generation in Côte d’Ivoire. Launched in December 2024 on schedule and with full safety measures, Baleine is the first net-zero upstream project (Scope 1 and 2) in Africa. Phase 2 of the project was aimed at strengthening the country’s energy sector and industrial growth, while also improving energy access.
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2 weeks ago | 
jpt.spe.org | Jaxon Caines
The oil and gas industry is undergoing a revolution—an electric revolution. Driven by efficiency gains, cost savings, and reduced emissions, one area in which the transformation is clearly evident is the US onshore fracturing sector. Interestingly enough, the fuel supporting this transition has been right under the industry’s nose all along: natural gas.
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3 weeks ago | 
jpt.spe.org | Jaxon Caines
The oil and gas industry continues to grapple with both longstanding and emerging workforce challenges, but a “healthy level of optimism and opportunities for career development” remains, according to the 2025 Global Energy Talent Index (GETI). The annual report, which surveys professionals across the upstream and downstream sectors, highlights several trends that have shaped the talent landscape over the past 5 years.
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3 weeks ago | 
jpt.spe.org | Jaxon Caines
The ONE Guyana floating production, storage and offloading (FPSO) has arrived in Guyana’s Stabroek block, in preparation to begin operations in the ExxonMobil-operated Yellowtail field. The vessel joins the Liza Destiny, Liza Unity, and Prosperity as the fourth FPSO in Guyana's most prolific block, which is home to more than 11 billion bbl of recoverable oil.
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1 month ago | 
jpt.spe.org | Jaxon Caines
After its supply and price forecasts in March, the US Energy Information Administration (EIA) was forced to rerun its models by the announcement of historic tariffs on most of the world by the US. The EIA came back with another report on 10 April, forecasting Brent crude will average $68/bbl this year and $61/bbl next year—a drop of $6 and $7, respectively, from the prior forecast.
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1 month ago | 
jpt.spe.org | Jaxon Caines
In an effort to boost energy production, Italian energy group Eni will invest around $26.24 billion in energy projects across Algeria, Libya, and Egypt over the next 4 years, CEO Claduio Descalzi said on 8 April at an energy conference in Ravenna, Italy, according to Reuters. While the three north African countries could play an important role as hydrocarbon suppliers for Europe, they need greater outside investment to expand their energy output and meet rising domestic demand, said Descalzi.
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1 month ago | 
jpt.spe.org | Jaxon Caines
Terra Drone Corporation signed a memorandum of understanding (MOU) with Saudi Aramco that may see the Japanese drone maker run test inspections of the oil giant's facilities in Saudi Arabia. The companies said the goal of the MOU is to enhance collaboration between Terra Drone and Aramco and advance drone technologies for improved safety and efficiency in the energy sector.
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1 month ago | 
jpt.spe.org | Jaxon Caines
Woodside Energy announced on 31 March that is has awarded SLB a major drilling contract on its ultradeepwater Trion development projectoffshore Mexico. The 3-year contract includes digital directional drilling services along with the hardware to support logging while drilling, surface logging, cementing, and other drilling and completions operations for 18 ultradeepwater wells.
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1 month ago | 
jpt.spe.org | Jaxon Caines
ConocoPhillips To Sell Interests in Ursa and Europa FieldsConocoPhillips agreed to sell its interests in the Ursa and Europa fields in the Gulf of Mexico, as well as its interests in the Ursa Oil Pipeline Company LLC to Shell for $735 million. “The acquisition expands our ownership in an established long-producing asset that generates robust free cash flow, while also providing more options for growth," said Zoë Yujnovich, Shell's integrated gas and director at the time of the announcement.
