US upstream news

US marketed natural gas production reached a new record in 2025, growing by 5.3 billion ft3/d to average 118.5 billion ft3/d, according to the U.S. Energy Information Administration’s latest Natural Gas Monthly.

In the early hours of 28 February, the US and Israel launched direct and extensive military operations inside Iran, in what appears to be a campaign broader in scope and intensity than the previous 12-day confrontation. Intercontinental Exchange (ICE) Brent crude oil prompt-month prices are expected to rise by US$20/bbl when trade opens on 2 March.

Hogan Lovells represents Transocean in its acquisition of Valaris, creating combined company with value of US$17 billion.

Superior Energy Services announces entry into definitive agreements to acquire Abaco Energy Technologies.

Amir Samoiloff, CEO of SIGA, explores how, in cyber incidents, the real operational risk often comes not from immediate physical damage but from the inability to quickly verify the true physical state of assets.

Exploration spending faces pressure as industry pivots to strategic acreage deals, giant field redevelopment, and next-generation geothermal commercialisation.

The report identifies five key themes that will shape the upstream sector in 2026 as operators balance capital discipline with strategic portfolio positioning for the 2030s.

EZOps partners with Midland College to empower future oilfield workforce with digital technology.

bp has successfully delivered first oil from the Atlantis Drill Center 1 expansion.

Wood Mackenzie releases five charts that spotlight the most significant trends reshaping the sector globally.