In this latest Market Focus episode of the Oil & Gas Journal ReEnterprised podcast, Conglin Xu, Managing Editor, Economics, dives into insights from the latest Oil & Gas Journal special report on capital spending. 

According to the OGJ annual capital spending survey, the combined capex of six major oil companies—ExxonMobil, Chevron, Shell, BP, Equinor, and TotalEnergies—is projected to be US$108-112 billion in 2025. This marks a decrease from $113.7 billion in 2024 and $114.7 billion in 2023 and remains significantly lower than the pre-pandemic level of $123 billion in 2019.

Notably, majors are scaling back on earlier aggressive investments in renewables. 

From shifting strategies among oil majors to merger and acquisition activity in the shale sector to new developments in the refining sector and the Canadian oil industry, there’s a lot to unpack. 

With this episode, Oil & Gas Journal kicks off a new series within the ReEnterprised podcast: The Business.

In these sponsored The Business episodes, Oil & Gas Journal will talk with companies across the energy space about their latest activities.

In this episode, "Rapid Response Fabrication: Delivering When It Matters Most," we are joined by Dan Creech, executive vice-president of strategy and business development for Enerfab Process Solutions.

Listen in to learn about Rapid Response Fabrication, how it was developed, and how it’s executed to get operations safely back underway in the shortest time possible.

In this Market Focus episode of the Oil & Gas Journal ReEnterprised podcast, Conglin Xu, Managing Editor-Economics, discusses how energy policies of the new Trump administration are reshaping the domestic and global energy landscape.

Since his inauguration, Pres. Trump has has wasted no time in rolling out orders and policies, and the energy sector is already feeling the effects.

In this episode, Xu dives into key developments and what they mean for the market, starting with the administration's stated priority to boost domestic energy production through deregulation and accelerated permitting. 

Enjoy the episode and want to read more about these and other government actions that impact the oil and gas landscape? Find more coverage at OGJ.com/general-interest/government.  

In this, Part II of a two-part Insights episode of the Oil & Gas Journal ReEnterprised podcast, Alex Procyk, Upstream Editor, highlights more hydraulic fracturing development takeaways from his time at the 2025 SPE Hydraulic Fracturing Technology Conference and Exhibition in The Woodlands, Tex.

Procyk discusses perforation erosion studies and a paper on a chemical treatment for EOR in unconventional wells.

In this, Part I of a two-part Insights episode of the Oil & Gas Journal ReEnterprised podcast, Alex Procyk, Upstream Editor, discusses hydraulic fracturing development takeaways from his time at the 2025 SPE Hydraulic Fracturing Technology Conference and Exhibition in The Woodlands, Tex.

In this ICYMI episode of the Oil & Gas Journal ReEnterprised podcast, Mikaila Adams, Managing Editor - News, discusses recent announcements from certain oil and gas companies looking at providing natural gas-powered behind-the-meter solutions for growing data center electricity demand. 

Demand from artificial intelligence and industrial electrification is growing rapidly, and companies are looking for power to support the growth. Adapting strategies, a handful of oil and gas companies have entered the chat. 

ExxonMobil and Chevron are both exploring behind-the-meter solutions for data centers, leveraging natural gas and, potentially, carbon capture and storage, to provide reliable, decarbonized power. 

In this Market Focus episode of the Oil & Gas Journal ReEnterprised podcast, Conglin Xu, Managing Editor - Economics, discusses recent US actions to slash Russian oil and gas revenues by sanctioning two oil companies, about 180 oil-carrying vessels, dozens of traders, insurance companies and some senior energy officials. 

In addition to the podcast, read more about US sanctions against Russia's oil and gas industry on OGJ.com. 

In this Insights episode of the Oil & Gas Journal ReEnterprised podcast, Alex Procyk, upstream editor, continues his discussion on produced water in Permian basin.

In this second part of the two-part series, Procyk details some of the potential solutions for all of this produced water and some of the difficulties still to be addressed. 

In this Insights episode of the Oil & Gas Journal ReEnterprised podcast, Alex Procyk, Upstream Editor, centers the discussion on produced water in Permian basin and makes it clear why the topic of produced water will be of growing importance across a variety of industries and for society as a whole.

In this first part of a two-part series, Procyk breaks down what produced water is, where it's coming from, where it's going, its consequences, and potential options for reuse in ways beneficial to industry and agriculture.   

Pskowski, Martha, Houston Chronicle, "Can recycled oilfield water quench the thirst of drought-stricken West Texas?" Dec. 8. 2024. 

Khan, Jawad Ali, and Andreas Michael. "Wellbore Integrity Challenges in Saltwater Disposal: Case Study on the Fort Worth Basin." Paper presented at the SPE International Conference and Exhibition on Formation Damage Control, Lafayette, Louisiana, USA, February 2024. doi: https://doi.org/10.2118/217850-MS

Procyk, Alex, "Delaware basin model quantifies SWD pressure effects," OGJ, Oct. 3, 2022. 

Railroad Commission of Texas, "Federally Funded Well Plugging, Orphaned Well Site Plugging, Remediation and Restoration."

WestWater Research LLC, "Water Market Insider, Q3 2022."

Have an idea for a future episode? Have thoughts about a previous episode? Contact us at [email protected].

In this Market Focus episode of the Oil & Gas Journal ReEnterprised podcast, Conglin Xu, Oil & Gas Journal Managing Editor - Economics, discusses the latest decisions by OPEC+ to delay oil production increases and extend cuts.

Xu details the implications of the decisions on the global energy markets. In addition to the podcast, find more economics data as it relates to the oil and gas industry at OGJ.com.

Have an idea for a future episode? Contact us at [email protected].