Sonatrach and Saudi Arabia’s Midad Energy have signed a $5.4 billion production-sharing agreement to explore and develop the Illizi South block in Algeria. The project aims to produce 125 Bcm of gas and 204 million barrels of liquids over 30 years. SourceContinue Reading

Serica Energy has agreed to buy BP’s 32% stake in the Culzean field, the UK’s largest offshore gas producer. The $232 million deal expands Serica’s North Sea portfolio and adds low-cost, low-emission production operated by TotalEnergies. SourceContinue Reading

Kuwait Oil Co. has announced a major offshore gas discovery at the Jazah field, with initial tests showing 29 MMcf/d of gas and 5,000 bpd of condensate. The find could hold 1 Tcf of gas and 120 million barrels of condensate, marking a key milestone for Kuwait’s offshore exploration. SourceContinue Reading

Valeura Energy has increased oil production to nearly 25,000 bpd after completing a 10-well drilling campaign at its Nong Yao field in the Gulf of Thailand. The company also advanced its Wassana redevelopment project and confirmed new gas discoveries under its PTTEP farm-in. SourceContinue Reading

ExxonMobil CEO Darren Woods said the company is cutting back European investments due to restrictive climate and human rights regulations, while praising former President Donald Trump’s energy policies for supporting oil and gas growth. SourceContinue Reading

The five-well campaign begins in 2026 and includes options for three more wells, extending the company’s global deepwater activity. SourceContinue Reading

Carnelian Energy Capital has closed a $600 million oversubscribed fund aimed at upstream oil and gas investments in Canada, signaling renewed private equity confidence in the region’s energy sector. SourceContinue Reading

U.S. geothermal lease bids have surged to record highs, driven by data-center energy demand and advances in drilling and completions technology. Oilfield methods such as fracing and high-temperature well design are powering geothermal’s next growth phase. SourceContinue Reading

Score has secured significant new contracts from INEOS Energy for the Greensand carbon storage project and additional LDAR framework agreements across Denmark, reinforcing its leadership in carbon capture and emissions reduction. SourceContinue Reading

Strathcona Resources Ltd. has formally withdrawn its takeover bid for MEG Energy Corp., citing new terms in MEG’s revised agreement with Cenovus Energy Inc. that render the proposed acquisition no longer feasible. SourceContinue Reading