TotalEnergies has agreed to acquire a 42.5% operated interest in Namibia’s offshore PEL104 exploration license, expanding its position in the Lüderitz basin as the company advances development and appraisal activities across its growing Namibia portfolio. SourceContinue Reading
Beacon Offshore’s Shenandoah field is demonstrating how advanced engineering and production chemistry are enabling reliable output from ultra-high-pressure, deepwater reservoirs. Rapid ramp-up and stable early performance highlight new benchmarks for HPHT development in the U.S. Gulf. SourceContinue Reading
ConocoPhillips says recovering billions from past Venezuela expropriations will take priority over new drilling, highlighting ongoing financial and political hurdles facing foreign investment in the country’s oil sector. SourceContinue Reading
The Independent Petroleum Association of America (IPAA) has promoted Dan Naatz to executive vice president and chief policy officer, strengthening its advocacy for U.S. independent oil and gas producers on federal leasing, methane regulation and permitting reform. SourceContinue Reading
VAALCO Energy has agreed to sell its non-core producing assets in Canada for approximately $35 million, allowing the company to refocus capital on higher-impact drilling and development opportunities across its core portfolio. SourceContinue Reading
Shell reported strong cash generation and upstream resilience in Q4 2025, delivering $26 billion in annual free cash flow, boosting its dividend and extending share buybacks as it continues portfolio high-grading and disciplined upstream investment into 2026. SourceContinue Reading
Kuwait Oil Company and bp have extended their Enhanced Technical Services Agreement through 2029, advancing enhanced oil recovery work and field development support at the giant Greater Burgan field and other key Kuwait assets. SourceContinue Reading
Turkey and Chevron have signed an agreement to jointly pursue global oil and gas exploration and production opportunities, expanding cooperation between the U.S. major and state-run TPAO as Ankara seeks to boost energy security and upstream output. SourceContinue Reading
Oil production growth in South America will continue to be driven by Brazil, Guyana and Argentina through at least 2030, with Venezuela’s recovery constrained by project economics, crude quality and investment risk, according to Rystad Energy. SourceContinue Reading
The 2026 Global Energy Talent Index (GETI) shows the oil and gas sector facing mounting hiring challenges, as an aging workforce, reduced global mobility and slower AI adoption tighten the industry’s talent pipeline. SourceContinue Reading
