diff --git a/object_store/CHANGELOG-old.md b/object_store/CHANGELOG-old.md
index c42689240dd9..f157e6f0a4c3 100644
--- a/object_store/CHANGELOG-old.md
+++ b/object_store/CHANGELOG-old.md
@@ -19,6 +19,42 @@
 
 # Historical Changelog
 
+## [object_store_0.11.2](https://github.com/apache/arrow-rs/tree/object_store_0.11.2) (2024-12-20)
+
+[Full Changelog](https://github.com/apache/arrow-rs/compare/object_store_0.11.1...object_store_0.11.2)
+
+**Implemented enhancements:**
+
+- object-store's AzureClient should protect against multiple streams performing put\_block in parallel for the same BLOB path [\#6868](https://github.com/apache/arrow-rs/issues/6868) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)]
+- Support S3 Put IfMatch [\#6799](https://github.com/apache/arrow-rs/issues/6799) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)]
+- object\_store Azure Government using OAuth [\#6759](https://github.com/apache/arrow-rs/issues/6759) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)]
+- Support for AWS Requester Pays buckets [\#6716](https://github.com/apache/arrow-rs/issues/6716) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)]
+- \[object-store\]: Implement credential\_process support for S3 [\#6422](https://github.com/apache/arrow-rs/issues/6422) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)]
+- object\_store: Conditional put and rename\_if\_not\_exist on S3 [\#6285](https://github.com/apache/arrow-rs/issues/6285) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)]
+
+**Fixed bugs:**
+
+- `object_store` errors when `reqwest` `gzip` feature is enabled [\#6842](https://github.com/apache/arrow-rs/issues/6842) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)]
+- Multi-part s3 uploads fail when using checksum [\#6793](https://github.com/apache/arrow-rs/issues/6793) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)]
+- `with_unsigned_payload` shouldn't generate payload hash [\#6697](https://github.com/apache/arrow-rs/issues/6697) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)]
+- \[Object\_store\] min\_ttl is too high for GKE tokens [\#6625](https://github.com/apache/arrow-rs/issues/6625) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)]
+- object\_store `test_private_bucket` fails - store: "S3", source: BucketNotFound { bucket: "bloxbender" } [\#6600](https://github.com/apache/arrow-rs/issues/6600) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)]
+- S3 endpoint and trailing slash result in weird/invalid requests [\#6580](https://github.com/apache/arrow-rs/issues/6580) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)]
+
+**Merged pull requests:**
+
+- Use randomized content ID for Azure multipart uploads [\#6869](https://github.com/apache/arrow-rs/pull/6869) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([avarnon](https://github.com/avarnon))
+- Always explicitly disable `gzip` automatic decompression on reqwest client used by object\_store [\#6843](https://github.com/apache/arrow-rs/pull/6843) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([phillipleblanc](https://github.com/phillipleblanc))
+- object-store: remove S3ConditionalPut::ETagPutIfNotExists [\#6802](https://github.com/apache/arrow-rs/pull/6802) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([benesch](https://github.com/benesch))
+- Fix multipart uploads with checksums on object locked buckets [\#6794](https://github.com/apache/arrow-rs/pull/6794) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([avantgardnerio](https://github.com/avantgardnerio))
+- Add AuthorityHost to AzureConfigKey [\#6773](https://github.com/apache/arrow-rs/pull/6773) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([zadeluca](https://github.com/zadeluca))
+- object\_store: Add support for requester pays buckets [\#6768](https://github.com/apache/arrow-rs/pull/6768) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([kylebarron](https://github.com/kylebarron))
+- check sign\_payload instead of skip\_signature before computing checksum [\#6698](https://github.com/apache/arrow-rs/pull/6698) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([mherrerarendon](https://github.com/mherrerarendon))
+- Update quick-xml requirement from 0.36.0 to 0.37.0 in /object\_store [\#6687](https://github.com/apache/arrow-rs/pull/6687) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([crepererum](https://github.com/crepererum))
+- Support native S3 conditional writes [\#6682](https://github.com/apache/arrow-rs/pull/6682) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([benesch](https://github.com/benesch))
+- \[object\_store\] fix S3 endpoint and trailing slash result in invalid requests [\#6641](https://github.com/apache/arrow-rs/pull/6641) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([adbmal](https://github.com/adbmal))
+- Lower GCP token min\_ttl to 4 minutes and add backoff to token refresh logic [\#6638](https://github.com/apache/arrow-rs/pull/6638) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([mwylde](https://github.com/mwylde))
+- Remove `test_private_bucket` object\_store test [\#6601](https://github.com/apache/arrow-rs/pull/6601) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([alamb](https://github.com/alamb))
 
 ## [object_store_0.11.1](https://github.com/apache/arrow-rs/tree/object_store_0.11.1) (2024-10-15)
 
diff --git a/object_store/CHANGELOG.md b/object_store/CHANGELOG.md
index 0e834c5e2ef2..6dd9d0f15ed8 100644
--- a/object_store/CHANGELOG.md
+++ b/object_store/CHANGELOG.md
@@ -19,42 +19,53 @@
 
 # Changelog
 
-## [object_store_0.11.2](https://github.com/apache/arrow-rs/tree/object_store_0.11.2) (2024-12-20)
+## [object_store_0.12.0](https://github.com/apache/arrow-rs/tree/object_store_0.12.0) (2025-03-05)
 
-[Full Changelog](https://github.com/apache/arrow-rs/compare/object_store_0.11.1...object_store_0.11.2)
+[Full Changelog](https://github.com/apache/arrow-rs/compare/object_store_0.11.2...object_store_0.12.0)
+
+**Breaking changes:**
+
+- feat: add `Extensions` to object store `PutMultipartOpts` [\#7214](https://github.com/apache/arrow-rs/pull/7214) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([crepererum](https://github.com/crepererum))
+- feat: add `Extensions` to object store `PutOptions` [\#7213](https://github.com/apache/arrow-rs/pull/7213) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([crepererum](https://github.com/crepererum))
+- chore: enable conditional put by default for S3 [\#7181](https://github.com/apache/arrow-rs/pull/7181) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([meteorgan](https://github.com/meteorgan))
+- feat: add `Extensions` to object store `GetOptions` [\#7170](https://github.com/apache/arrow-rs/pull/7170) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([crepererum](https://github.com/crepererum))
+- feat\(object\_store\): Override DNS Resolution to Randomize IP Selection [\#7123](https://github.com/apache/arrow-rs/pull/7123) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([crepererum](https://github.com/crepererum))
+- Use `u64` range instead of `usize`, for better wasm32 support [\#6961](https://github.com/apache/arrow-rs/pull/6961) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([XiangpengHao](https://github.com/XiangpengHao))
+- object\_store: Add enabled-by-default "fs" feature [\#6636](https://github.com/apache/arrow-rs/pull/6636) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([Turbo87](https://github.com/Turbo87))
+- Return `BoxStream` with `'static` lifetime from `ObjectStore::list` [\#6619](https://github.com/apache/arrow-rs/pull/6619) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([kylebarron](https://github.com/kylebarron))
+- object\_store: Migrate from snafu to thiserror [\#6266](https://github.com/apache/arrow-rs/pull/6266) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([Turbo87](https://github.com/Turbo87))
 
 **Implemented enhancements:**
 
-- object-store's AzureClient should protect against multiple streams performing put\_block in parallel for the same BLOB path [\#6868](https://github.com/apache/arrow-rs/issues/6868) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)]
-- Support S3 Put IfMatch [\#6799](https://github.com/apache/arrow-rs/issues/6799) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)]
-- object\_store Azure Government using OAuth [\#6759](https://github.com/apache/arrow-rs/issues/6759) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)]
-- Support for AWS Requester Pays buckets [\#6716](https://github.com/apache/arrow-rs/issues/6716) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)]
-- \[object-store\]: Implement credential\_process support for S3 [\#6422](https://github.com/apache/arrow-rs/issues/6422) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)]
-- object\_store: Conditional put and rename\_if\_not\_exist on S3 [\#6285](https://github.com/apache/arrow-rs/issues/6285) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)]
+- Object Store: S3 IP address selection is biased [\#7117](https://github.com/apache/arrow-rs/issues/7117) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)]
+- object\_store: GCSObjectStore should derive Clone [\#7113](https://github.com/apache/arrow-rs/issues/7113) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)]
+- Remove all RCs after release [\#7059](https://github.com/apache/arrow-rs/issues/7059) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)]
+- LocalFileSystem::list\_with\_offset is very slow over network file system [\#7018](https://github.com/apache/arrow-rs/issues/7018) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)]
+- Release object store `0.11.2` \(non API breaking\) Around Dec 15 2024 [\#6902](https://github.com/apache/arrow-rs/issues/6902) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)]
 
 **Fixed bugs:**
 
-- `object_store` errors when `reqwest` `gzip` feature is enabled [\#6842](https://github.com/apache/arrow-rs/issues/6842) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)]
-- Multi-part s3 uploads fail when using checksum [\#6793](https://github.com/apache/arrow-rs/issues/6793) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)]
-- `with_unsigned_payload` shouldn't generate payload hash [\#6697](https://github.com/apache/arrow-rs/issues/6697) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)]
-- \[Object\_store\] min\_ttl is too high for GKE tokens [\#6625](https://github.com/apache/arrow-rs/issues/6625) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)]
-- object\_store `test_private_bucket` fails - store: "S3", source: BucketNotFound { bucket: "bloxbender" } [\#6600](https://github.com/apache/arrow-rs/issues/6600) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)]
-- S3 endpoint and trailing slash result in weird/invalid requests [\#6580](https://github.com/apache/arrow-rs/issues/6580) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)]
+- LocalFileSystem errors with satisfiable range request [\#6749](https://github.com/apache/arrow-rs/issues/6749) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)]
 
 **Merged pull requests:**
 
-- Use randomized content ID for Azure multipart uploads [\#6869](https://github.com/apache/arrow-rs/pull/6869) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([avarnon](https://github.com/avarnon))
-- Always explicitly disable `gzip` automatic decompression on reqwest client used by object\_store [\#6843](https://github.com/apache/arrow-rs/pull/6843) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([phillipleblanc](https://github.com/phillipleblanc))
-- object-store: remove S3ConditionalPut::ETagPutIfNotExists [\#6802](https://github.com/apache/arrow-rs/pull/6802) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([benesch](https://github.com/benesch))
-- Fix multipart uploads with checksums on object locked buckets [\#6794](https://github.com/apache/arrow-rs/pull/6794) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([avantgardnerio](https://github.com/avantgardnerio))
-- Add AuthorityHost to AzureConfigKey [\#6773](https://github.com/apache/arrow-rs/pull/6773) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([zadeluca](https://github.com/zadeluca))
-- object\_store: Add support for requester pays buckets [\#6768](https://github.com/apache/arrow-rs/pull/6768) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([kylebarron](https://github.com/kylebarron))
-- check sign\_payload instead of skip\_signature before computing checksum [\#6698](https://github.com/apache/arrow-rs/pull/6698) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([mherrerarendon](https://github.com/mherrerarendon))
-- Update quick-xml requirement from 0.36.0 to 0.37.0 in /object\_store [\#6687](https://github.com/apache/arrow-rs/pull/6687) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([crepererum](https://github.com/crepererum))
-- Support native S3 conditional writes [\#6682](https://github.com/apache/arrow-rs/pull/6682) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([benesch](https://github.com/benesch))
-- \[object\_store\] fix S3 endpoint and trailing slash result in invalid requests [\#6641](https://github.com/apache/arrow-rs/pull/6641) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([adbmal](https://github.com/adbmal))
-- Lower GCP token min\_ttl to 4 minutes and add backoff to token refresh logic [\#6638](https://github.com/apache/arrow-rs/pull/6638) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([mwylde](https://github.com/mwylde))
-- Remove `test_private_bucket` object\_store test [\#6601](https://github.com/apache/arrow-rs/pull/6601) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([alamb](https://github.com/alamb))
+- ObjectStore WASM32 Support [\#7226](https://github.com/apache/arrow-rs/pull/7226) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([tustvold](https://github.com/tustvold))
+- \[main\] Bump arrow version to 54.2.1 \(\#7207\) [\#7212](https://github.com/apache/arrow-rs/pull/7212) ([alamb](https://github.com/alamb))
+- Decouple ObjectStore from Reqwest [\#7183](https://github.com/apache/arrow-rs/pull/7183) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([tustvold](https://github.com/tustvold))
+- object\_store: Disable all compression formats in HTTP reqwest client [\#7143](https://github.com/apache/arrow-rs/pull/7143) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([kylewlacy](https://github.com/kylewlacy))
+- refactor: remove unused `async` from `InMemory::entry` [\#7133](https://github.com/apache/arrow-rs/pull/7133) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([crepererum](https://github.com/crepererum))
+- object\_store/gcp: derive Clone for GoogleCloudStorage [\#7112](https://github.com/apache/arrow-rs/pull/7112) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([james-rms](https://github.com/james-rms))
+- Update version to 54.2.0 and add CHANGELOG [\#7110](https://github.com/apache/arrow-rs/pull/7110) ([alamb](https://github.com/alamb))
+- Remove all RCs after release [\#7060](https://github.com/apache/arrow-rs/pull/7060) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([kou](https://github.com/kou))
+- Update release schedule README.md [\#7053](https://github.com/apache/arrow-rs/pull/7053) ([alamb](https://github.com/alamb))
+- Create GitHub releases automatically on tagging [\#7042](https://github.com/apache/arrow-rs/pull/7042) ([kou](https://github.com/kou))
+- Change Log On Succesful S3 Copy / Multipart Upload to Debug [\#7033](https://github.com/apache/arrow-rs/pull/7033) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([diptanu](https://github.com/diptanu))
+- Prepare for `54.1.0` release [\#7031](https://github.com/apache/arrow-rs/pull/7031) ([alamb](https://github.com/alamb))
+- Add a custom implementation `LocalFileSystem::list_with_offset`  [\#7019](https://github.com/apache/arrow-rs/pull/7019) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([corwinjoy](https://github.com/corwinjoy))
+- Improve docs for `AmazonS3Builder::from_env` [\#6977](https://github.com/apache/arrow-rs/pull/6977) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([kylebarron](https://github.com/kylebarron))
+- Fix WASM CI for Rust 1.84 release [\#6963](https://github.com/apache/arrow-rs/pull/6963) ([alamb](https://github.com/alamb))
+- Update itertools requirement from 0.13.0 to 0.14.0 in /object\_store [\#6925](https://github.com/apache/arrow-rs/pull/6925) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([dependabot[bot]](https://github.com/apps/dependabot))
+- Fix LocalFileSystem with range request that ends beyond end of file [\#6751](https://github.com/apache/arrow-rs/pull/6751) [[object-store](https://github.com/apache/arrow-rs/labels/object-store)] ([kylebarron](https://github.com/kylebarron))
 
 
 
diff --git a/object_store/Cargo.toml b/object_store/Cargo.toml
index 0372514dba7d..0b40862c5c69 100644
--- a/object_store/Cargo.toml
+++ b/object_store/Cargo.toml
@@ -17,7 +17,7 @@
 
 [package]
 name = "object_store"
-version = "0.11.2"
+version = "0.12.0"
 edition = "2021"
 license = "MIT/Apache-2.0"
 readme = "README.md"
diff --git a/object_store/dev/release/update_change_log.sh b/object_store/dev/release/update_change_log.sh
index 2797b62c0010..f52c9f4e93e1 100755
--- a/object_store/dev/release/update_change_log.sh
+++ b/object_store/dev/release/update_change_log.sh
@@ -29,8 +29,8 @@
 
 set -e
 
-SINCE_TAG="object_store_0.11.1"
-FUTURE_RELEASE="object_store_0.11.2"
+SINCE_TAG="object_store_0.11.2"
+FUTURE_RELEASE="object_store_0.12.0"
 
 SOURCE_DIR="$(cd "$(dirname "${BASH_SOURCE[0]}")" && pwd)"
 SOURCE_TOP_DIR="$(cd "${SOURCE_DIR}/../../" && pwd)"