DeepOcean and Jana Marine have signed a Heads of Terms agreement to form JADE Subsea Services, a Saudi-based joint venture offering integrated subsea construction, IMR, and diving support across the Middle East. SourceContinue Reading
bp delivered $7.8 billion in operating cash flow and $2.2 billion in underlying profit for Q3 2025, supported by higher production, improved refining margins and strong upstream reliability. The company advanced six major projects—including new capacity in the U.S. Gulf—and sanctioned its Tiber-Guadalupe development. SourceContinue Reading
Liberty Petroleum plans to begin drilling in 2026 across its 20-million-acre position in Australia’s Officer basin—one of the country’s largest untapped oil prospects. The U.S.-based firm’s project underscores deepening U.S.–Australia energy cooperation. SourceContinue Reading
Beacon Offshore Energy has partnered with Tampnet to deploy advanced subsea fiber and 5G digital infrastructure at the Shenandoah deepwater development in the U.S. Gulf of Mexico. The system enables real-time monitoring, remote operations, and improved offshore safety. SourceContinue Reading
ExxonMobil CEO Darren Woods said Abu Dhabi’s Upper Zakum offshore field may reach its 1.5 MMbpd expansion target ahead of 2030, boosting UAE output. SourceContinue Reading
Shell will invest about $1 billion on new oil blocks in Angola as the southern African nation seeks to boost production that’s dwindled over the years, the chairman of the oil regulator said. SourceContinue Reading
ABL has been awarded a contract by Chevron to provide marine warranty survey and third-party support for platform installations and rig moves in the Gulf of Thailand. SourceContinue Reading
SM Energy and Civitas Resources have agreed to merge in an all-stock transaction valued at $12.8 billion, forming one of the largest independent oil-focused producers in the U.S. The combination delivers 526 Mboe/d of output, $1.4 billion in free cash flow, and $200 million in annual synergies. SourceContinue Reading
Flotek Industries’ XSPCT™ spectrometer has become the first optical system to meet GPA 2172 custody transfer standards for natural gas measurement. The real-time technology delivers faster, more accurate data than traditional gas chromatography. SourceContinue Reading
