Africa’s oil and gas industry is entering a new phase of consolidation and exploration as mergers, acquisitions, and fresh licensing rounds reshape the continent’s upstream landscape heading into 2026. SourceContinue Reading

IOG Resources II has acquired producing non-operated natural gas assets in Pennsylvania’s Appalachian basin from an undisclosed seller. Operated by Seneca Resources, the assets currently produce about 19 MMcf/d. SourceContinue Reading

The UAE, long one of OPEC’s key oil producers, is pivoting to U.S.-tested fracing techniques to tap its “very promising” unconventional gas resources, with the intention of ramping up output amid forecasts for surging demand. SourceContinue Reading

Ovintiv will acquire NuVista Energy in a $2.7 billion cash-and-stock deal, adding 140,000 net acres and 100,000 boed of production in the Montney while planning to divest its Anadarko assets to strengthen its balance sheet. SourceContinue Reading

Coterra Energy defended its diversified U.S. oil and gas strategy after activist investor Kimmeridge called for leadership changes and divestitures. The company reaffirmed the value of its multi-basin model and disciplined capital approach. SourceContinue Reading

Petrobras’ plan to divest shallow-water oil fields has been derailed after Brazil’s regulator, ANP, denied testing needed to restart production at 13 sites. The decision forces the state oil firm to absorb costly decommissioning as global oil prices weaken. SourceContinue Reading

Chevron has entered two deepwater offshore blocks in Guinea-Bissau’s MSGBC basin, expanding its strategic footprint in West Africa. The U.S. major will operate Blocks 5B and 6B with 90% interest, focusing on oil exploration through new seismic interpretation. SourceContinue Reading

Comstock Resources reported higher third-quarter earnings on stronger gas prices and record Haynesville well performance. The company plans to sell its Shelby Trough assets for $430 million, using proceeds to reduce debt and reinforce its Haynesville growth focus. SourceContinue Reading

Halliburton has launched its LOGIX™ unit vitality system, an AI-powered platform that monitors cementing equipment in real time to improve reliability, predict maintenance needs and reduce nonproductive time. SourceContinue Reading

EnerMech has announced a multi-year strategic investment across its Americas operations—spanning the U.S., Guyana, Trinidad & Tobago, Suriname, and Mexico—to strengthen local capability, expand leadership, and capture growth in LNG and offshore pre-commissioning markets. SourceContinue Reading