Petrobras will begin production from the P-78 FPSO at Brazil’s Buzios field in December, expanding output from the world’s largest deepwater oil field. The new platform adds 180,000 bopd of capacity, supporting Petrobras’s continued growth in pre-salt production. SourceContinue Reading

Three of the UK’s leading business organizations have called on the government to abolish the Energy Profits Levy, warning that the windfall tax is deterring investment, accelerating North Sea job losses, and threatening the region’s role in the nation’s energy transition. SourceContinue Reading

INEOS Energy has signed a long-term U.S. natural gas supply deal with Kinetik Holdings, securing up to 0.5 MMtpa from 2027 to strengthen Europe’s energy security and stabilize prices amid tightening global supply. SourceContinue Reading

The U.S. Bureau of Ocean Energy Management (BOEM) has announced two major steps toward expanding offshore oil and gas leasing under the Trump administration’s energy agenda and the One Big Beautiful Bill Act. SourceContinue Reading

Civitas Resources reported net income of $177 million and strong Q3 performance driven by higher output and lower costs across its Permian and DJ basin assets. The results come as Civitas finalizes its merger with SM Energy, creating one of the largest independent U.S. oil and gas producers. SourceContinue Reading

Mach Natural Resources reported third-quarter production of 94,000 boed and $273 million in revenue, supported by new wells in the Deep Anadarko and Mancos shale plays. The company also reduced its 2026 drilling and completion budget by 18%. SourceContinue Reading

ConocoPhillips has increased the projected cost of its Willow development on Alaska’s North Slope to as much as $9 billion, citing inflation and higher construction expenses. First oil is now expected in early 2029, marking a key update to one of the largest U.S. Arctic energy projects. SourceContinue Reading

Tenaris will build a 2.3-mile rail spur at its Midland, TX service center to boost Permian logistics efficiency, reduce costs, and cut emissions. SourceContinue Reading

DNO reported record Q3 revenue and profit, boosted by higher North Sea and Kurdistan output, and launched a fast-track plan for its Kjøttkake tie-back project. SourceContinue Reading

TotalEnergies has awarded Vallourec a new contract to supply 30,000 tons of tubular solutions for Iraq’s Gas Growth Integrated Project (AGUP2 phase). SourceContinue Reading