TotalEnergies expects third-quarter profit and cash flow to rise up to 5% year-on-year, supported by higher oil and gas production and stronger European refining margins. Hydrocarbon output grew 4% to 2.5 MMboed, offsetting lower crude prices. SourceContinue Reading

Valeura Energy and partner Pinnacle Turkey have signed a joint venture agreement with Transatlantic Petroleum to explore and develop deep gas formations in Türkiye’s Thrace basin. The partnership will begin with the re-entry and testing of the Devepinar-1 well, targeting commercial potential in the Kesan formation. SourceContinue Reading

Halliburton has secured multiple contracts from Petrobras to deliver completion, stimulation, and safety valve services across Brazil’s deepwater fields. The projects, starting in 2026, will deploy Halliburton’s SmartWell® and EcoStar® technologies. SourceContinue Reading

Santos Chief Financial Officer Sherry Duhe has resigned after one year, following the collapse of a proposed $19 billion merger with ADNOC. Duhe will be replaced by deputy CFO Lachlan Harris as the company refocuses on LNG growth projects. SourceContinue Reading

Speaking at the historic Drake Energy Security Forum, American Petroleum Institute (API) President and CEO Mike Sommers urged policymakers to strengthen U.S. energy leadership through innovation and infrastructure investment. SourceContinue Reading

bp said weaker oil trading offset profit gains in the third quarter, though production rose for a second consecutive quarter led by U.S. shale output from BPX Energy. The company is advancing six new upstream projects expected to add 150,000 boed at peak. SourceContinue Reading

The Oil and Gas Climate Initiative’s (OGCI) 2024 Progress Report shows continued emissions reductions across its 12 member companies, including Aramco, bp, Chevron, ExxonMobil, and TotalEnergies. Since 2017, members have reduced upstream methane intensity by 62%. SourceContinue Reading

Shell and Sunlink Energies have taken FID on the HI gas project offshore Nigeria. The 350 MMscf/d development will supply feed gas to Nigeria LNG’s Train 7 expansion, supporting Shell’s plan to grow global LNG output through 2030. SourceContinue Reading

The International Energy Agency forecasts global oil supply will exceed demand by nearly 4 million barrels per day in 2026—its largest annual surplus on record. The build-up, driven by revived OPEC+ output and rising non-OPEC production from the U.S., Brazil, and Guyana, is already visible in tanker storage volumes. SourceContinue Reading

NGP Natural Resources has partnered with 406 Energy Holdings, a new Houston-based upstream venture led by former XCL Resources executives. The company plans to target high-return oil and gas development opportunities across the U.S. SourceContinue Reading