Frontera Energy Corp. plans to separate its Colombian infrastructure assets into a new independent company—Frontera Infrastructure—leaving Frontera Exploration & Production (E&P) as a focused, pure-play upstream operator. SourceContinue Reading
ADNOC has secured conditional EU approval for its $13.9 billion acquisition of Covestro after offering commitments to address subsidy and competition concerns. The deal advances ADNOC’s global chemicals and materials strategy while opening Covestro patents to European market participants for the next decade. SourceContinue Reading
Repsol is evaluating a reverse merger between its $19 billion upstream division and APA to speed a New York listing, as the company weighs options ranging from an IPO to a stake sale. SourceContinue Reading
Cenovus has officially closed its acquisition of MEG Energy, adding 110,000 bpd of low-cost oil sands production and consolidating a key thermal hub in Alberta. The deal strengthens Cenovus’s long-life asset base and positions the company for new synergies ahead of its 2026 budget update. SourceContinue Reading
DeepOcean has secured a subsea construction and installation contract from Equinor for the Snorre Export and Import Gas Project (SNEIG), part of the broader effort to extend the Snorre field’s production life beyond 2040. SourceContinue Reading
Chevron CEO Mike Wirth says rising OPEC+ supply will pressure oil prices in 2026, while global LNG demand remains strong despite a supply surge later in the decade. SourceContinue Reading
The IEA says new U.S. sanctions on Rosneft and Lukoil pose major downside risks to Russia’s oil output and global supply, despite exports holding steady for now. SourceContinue Reading
The U.S. Environmental Protection Agency has approved Texas’ application for primacy over Class VI injection wells, transferring regulatory authority to the Railroad Commission of Texas. The move, supported by the Trump administration, streamlines permitting for carbon capture and storage (CCS) projects. SourceContinue Reading
TGS and Viridien have released early “Laconia Phase III” ocean bottom node (OBN) results revealing sharper imaging and reduced exploration risk across key Paleogene targets in the U.S. Gulf. The data comes just weeks before U.S. Lease Sale 262 (BBG 1) on Dec. 10, giving explorers new subsurface insight as they finalize bidding strategies. SourceContinue Reading
Unique Group is partnering with DEEP to deliver key engineering and life-support systems for Vanguard, the world’s first DNV-classed subsea habitat. Vanguard will enable scientists to live and work underwater for up to a week, marking a major step forward in offshore research. SourceContinue Reading
