ExxonMobil has linked a proposed $80 billion expansion of Kazakhstan’s Kashagan oil field to resolving long-running disputes between the government and international partners, according to people familiar with the discussions. SourceContinue Reading
SLB and Equinor have signed a multi-year agreement for reservoir stimulation services on the Norwegian Continental Shelf, including a major upgrade of the Island Captain vessel to support development of tight offshore reservoirs. SourceContinue Reading
Formentera Partners, Daly Waters Energy and INPEX have contracted a new Helmerich & Payne FlexRig to support appraisal and development of Australia’s Beetaloo basin, expanding drilling capacity for the unconventional gas play. SourceContinue Reading
Mexico will prohibit oil and gas fracing in the Tampico-Misantla shale basin, while continuing to evaluate unconventional gas development in other regions as it seeks to reduce reliance on U.S. natural gas imports. SourceContinue Reading
ConocoPhillips has named CFO Andy O’Brien as its next president and CEO, succeeding Ryan Lance, who will transition to executive chair after leading the company for 14 years. SourceContinue Reading
bp has agreed to acquire Woodside Energy’s 70% interest in the Calypso deepwater gas project offshore Trinidad and Tobago, giving the company full ownership and operatorship of the natural gas development. SourceContinue Reading
U.S. upstream M&A activity fell to $9.1 billion in the second quarter as crude price volatility slowed dealmaking, but Enverus says competition for premium Permian acreage remains strong and activity is expected to accelerate in the second half of 2026. SourceContinue Reading
New CEO Richard Jackson says Occidental will drive long-term growth by maximizing existing assets, strengthening the balance sheet and expanding free cash flow through disciplined execution and advanced recovery technologies. SourceContinue Reading
Guyana is expanding regional energy partnerships with Jamaica, the Dominican Republic and other Caribbean nations as rising offshore oil production drives new collaboration on infrastructure, energy security and upstream investment. SourceContinue Reading
Xodus Group will support environmental approvals for the next phases of Australia’s Northern Endeavour Decommissioning Program, including subsea well plugging and abandonment and removal of offshore infrastructure. SourceContinue Reading
