Pertamina and Halliburton sign an MOU to evaluate multi-stage hydraulic fracturing, acid stimulation and AI-driven drilling technologies aimed at revitalizing mature upstream fields in Indonesia. SourceContinue Reading

The African Energy Chamber will lead a delegation to Venezuela to explore upstream investment and strengthen oil and gas cooperation between African and Venezuelan energy stakeholders, as both regions seek to expand production and global partnerships. SourceContinue Reading

ConocoPhillips is evaluating a potential $2-billion sale of Permian basin assets in the Delaware basin as part of its broader portfolio streamlining and post-Marathon acquisition divestiture program, highlighting continued consolidation across the U.S. shale sector. SourceContinue Reading

U.S. House Republicans have launched an investigation into environmental groups over opposition to ConocoPhillips’ $9-billion Willow oil project in Alaska, a major North Slope development expected to produce about 600 million barrels of crude over its lifetime. SourceContinue Reading

Ecopetrol reported 1.94 Bboe in proved reserves at year-end 2025 and a 121% reserve replacement ratio, driven by enhanced recovery projects and improved field performance across key Colombian assets. The company’s average reserve life now stands at 7.8 years. SourceContinue Reading

Tullow Oil has signed a $205 million agreement to acquire the FPSO serving the TEN fields offshore Ghana, a move expected to reduce lease costs and improve long-term project economics on the Deepwater Tano block. SourceContinue Reading

Ghana’s parliament has ratified license extensions for the Jubilee and TEN fields through 2040, enabling new drilling and investment plans by Kosmos Energy and partners while supporting higher oil and gas output and domestic gas supply. SourceContinue Reading

Cameroon has opened bidding for nine upstream oil and gas blocks across the Rio del Rey and Douala/Kribi Campo basins, offering data-rich exploration opportunities near existing production with proposals due by March 30, 2026. SourceContinue Reading

bp has renewed a long-term offshore operations and maintenance contract covering eight platforms in Azerbaijan’s Caspian Sea, with the agreement potentially exceeding $1 billion and reinforcing long-standing partnerships supporting safe, efficient regional production. SourceContinue Reading

Chariot plans to raise $20 million to fund Etu Energias’ acquisition of offshore Angola oil assets, gaining exposure to up to 4,000 bopd production. SourceContinue Reading