Noble has completed the $360-million sale of five premium jackup rigs to Borr Drilling, reshaping both companies’ offshore portfolios. The deal expands Borr’s fleet to 29 rigs while allowing Noble to retain near-term operational exposure through charter arrangements. SourceContinue Reading
Venezuela’s proposed hydrocarbons law is drawing criticism from investors, unions and U.S. officials as the interim government seeks to revive oil production while balancing political resistance and investor concerns. SourceContinue Reading
The American Petroleum Institute (API) told U.S. senators this week that reforming the federal permitting system is critical to meeting rising energy demand and advancing new infrastructure investment across the U.S. energy sector. SourceContinue Reading
GeoPark has renewed and expanded its crude offtake and prepayment agreement with Vitol, covering 100% of production from key Llanos basin blocks in Colombia and providing access to up to $500 million in flexible funding through 2028. SourceContinue Reading
Nigeria has included four frontier oil blocks in the Lake Chad basin in its latest licensing round, despite ongoing security challenges in the region, as the country seeks to boost reserves and raise crude output toward long-term production targets. SourceContinue Reading
Africa is expected to remain the world’s most active region for high-impact oil and gas exploration drilling in 2026, driven by continued interest in ultra-deepwater and frontier basins, according to new analysis from Rystad Energy. SourceContinue Reading
NNPC and Chevron have confirmed a hydrocarbon discovery at the Awodi-07 well offshore Nigeria, with results indicating multiple productive reservoir zones in the western Niger Delta. SourceContinue Reading
TGS has been awarded a new ocean bottom node seismic contract in Europe, expanding its 2026 offshore acquisition campaign and supporting 4D reservoir monitoring. SourceContinue Reading
A field trial in South Texas demonstrated that an enhanced oil recovery chemistry restored sustained production in a previously non-commercial Olmos formation well, highlighting potential applications for reactivating impaired assets in clay-rich reservoirs. SourceContinue Reading
Cognite has partnered with Snowflake to help oil and gas operators deploy industrial AI at scale by unifying IT, OT and operational data to improve asset performance, resilience and operational decision-making. SourceContinue Reading
