EnQuest has agreed to acquire interests in four offshore Malaysia production-sharing contracts for up to $833 million, adding approximately 57,400 boed of production and increasing group reserves by 85% as it expands its Southeast Asia portfolio. SourceContinue Reading
Petrobras has agreed to acquire a 50% interest in the offshore Itaimbezinho exploration block in Brazil’s Campos basin, expanding its partnership with Equinor and strengthening its exploration portfolio in one of the country’s key offshore regions. SourceContinue Reading
APA Corporation has agreed to acquire Savant Alaska for approximately $70 million, securing strategic North Slope infrastructure, including the Badami production facility and Nutaaq Pipeline, as it advances exploration and appraisal activities in Alaska. SourceContinue Reading
bp will reorganize its business into two core segments—upstream and downstream—beginning July 1, simplifying its corporate structure as the company seeks to improve execution, reduce complexity and strengthen shareholder returns. SourceContinue Reading
SLB and Qualcomm Technologies have signed a collaboration agreement to develop edge AI solutions for energy operations, combining low-power edge computing with oilfield workflows to support real-time decision-making across wells, facilities and production systems. SourceContinue Reading
Spirit Energy’s Morecambe Net Zero CCS project has entered the North Sea Transition Authority’s Assess Phase, advancing plans to store up to 1 billion tonnes of CO₂ in depleted gas fields offshore the UK and support industrial decarbonization efforts. SourceContinue Reading
Zephyr Energy has completed a key pipeline integrity milestone at its Paradox Basin project in Utah, allowing the company to begin the regulatory approval process required for gas exports and moving the development closer to first production. SourceContinue Reading
Greenland Energy has signed a services agreement with Halliburton and continues preparations for its 2026 drilling campaign in the Jameson Land basin, targeting the first modern onshore exploration wells in East Greenland later this year. SourceContinue Reading
Pampa Energía has selected Halliburton to support a multi-year digital transformation program across its Vaca Muerta operations, deploying reservoir modeling, logistics optimization and AI-enabled workflows as the company targets production growth by 2027. SourceContinue Reading
A new report from the Permian Strategic Partnership highlights the Permian basin’s growing economic influence, supporting more than 940,000 U.S. jobs, contributing billions in economic activity and accounting for nearly half of projected U.S. oil production by 2027. SourceContinue Reading
