ExxonMobil says rapid production growth in Guyana is strengthening its hand in negotiations for the next generation of global oil projects as competition for reserves intensifies. SourceContinue Reading
Technip Energies has secured a contract to advance the Coral Norte FLNG project offshore Mozambique, reinforcing the country’s second floating LNG development in the Rovuma basin. SourceContinue Reading
Murphy Oil has plugged the Caracal-1X exploration well as a dry hole offshore Côte d’Ivoire but plans to proceed with the Bubale-1X prospect in its three-well West Africa campaign. SourceContinue Reading
CH4 Systems has formed a strategic alliance with Venezuelan partners to create a compliant pathway for U.S. energy companies to restore oil and gas infrastructure, aligning with new U.S. governance and sanctions guidelines. SourceContinue Reading
Shale giant Diamondback Energy says fears of a global oil glut are easing as demand remains resilient, even as the Permian producer tests deeper drilling zones. SourceContinue Reading
ExxonMobil says rapid production growth in Guyana is strengthening its hand in negotiations for the next generation of global oil projects as competition for reserves intensifies. SourceContinue Reading
Vaalco reports 2,000-bopd initial production from its Etame well offshore Gabon while advancing a 102-MMboe Côte d’Ivoire project that could reshape its West Africa growth profile. SourceContinue Reading
Infinity increases its stake in the $1.2-billion Antero Ohio Utica acquisition after securing $350 million in strategic equity, positioning the Appalachian producer for further consolidation. SourceContinue Reading
Iraq approves agreement transferring West Qurna 2 field operations from Lukoil to Basra Oil Company, reshaping control of a 460,000-bpd upstream asset with 14 Bbbl in reserves. SourceContinue Reading
After $37.8 billion in 2025 oil patch deals, analysts say Canada’s oil sands sector could be next in line for a transformational mega merger as pipeline pressure and pricing volatility reshape strategy. SourceContinue Reading
