TIPRO has launched the Power Texas program with Arise Energy, offering Texas oil and gas operators access to competitive electricity procurement tools as power demand and electrification drive higher operating costs across the state. SourceContinue Reading

Guyana is ramping up infrastructure, gas-to-shore and economic diversification efforts as offshore oil production surges from Exxon-operated fields. President Irfaan Ali says the country aims to avoid the resource curse while accelerating long-term growth. SourceContinue Reading

Nigeria has ordered state oil company NNPC to remit more oil and gas revenue from production-sharing contracts to the federation account, eliminating key deductions in a move aimed at strengthening public finances and reshaping fiscal policy for the upstream sector. SourceContinue Reading

Russia’s oil drilling activity fell to a three-year low in 2025 as sanctions, weaker prices and a strong ruble pressured revenues, raising concerns about the country’s ability to sustain crude production and meet future OPEC+ supply targets. SourceContinue Reading

Expand Energy posted strong fourth-quarter results and is targeting higher gas output in 2026, as the U.S. producer ramps Haynesville activity, boosts cash flow and continues debt reduction while positioning for rising LNG-driven demand. SourceContinue Reading

Brava Energia has been authorized to proceed with the transfer of a 37.5% stake in Brazil’s offshore Papa-Terra field, subject to arbitration conditions and regulatory approvals including Brazil’s ANP. SourceContinue Reading

Occidental reported strong fourth-quarter 2025 production and cash flow, exceeded output guidance and reduced debt following its OxyChem sale, reinforcing its Permian-focused portfolio and balance sheet strength. SourceContinue Reading

Valaris has secured nearly $900 million in new contract awards and extensions across its global fleet, with fresh drillship work in Angola and Brazil and jackup demand strengthening across Southeast Asia, Australia and the North Sea. SourceContinue Reading

Venezuela’s oil production could increase by 30%–40% in 2026, or roughly 300,000–400,000 bpd, according to the U.S. energy secretary, as renewed operating licenses and growing international interest support efforts to revive the country’s upstream sector. SourceContinue Reading

SM Energy has agreed to sell 61,000 net acres and 260 producing wells in South Texas to Caturus Energy for $950 million, with proceeds expected to reduce debt and strengthen its balance sheet. SourceContinue Reading