Beacon Offshore Energy has achieved its target production rate of 100,000 bopd at the Shenandoah field in the U.S. Gulf, just 75 days after first oil, confirming the high operability of the Shenandoah floating production system. SourceContinue Reading
Equinor is preparing to begin production at its $8 billion Bacalhau project offshore Brazil, following delays at one of the largest deepwater developments in the company’s portfolio. The ultra-deep pre-salt field is expected to produce up to 220,000 bpd. SourceContinue Reading
Adnoc Gas CEO Fatema Al Nuaimi says the upcoming wave of global LNG supply through the decade will spark sustained demand growth, as lower prices encourage long-term adoption in emerging markets. SourceContinue Reading
Houston-based Sable Offshore Corp. is seeking assistance from the Trump administration to revive crude production offshore Santa Barbara, Calif. The company’s plans to restart pipelines from the Santa Ynez Unit have been delayed by state regulators, prompting consideration of shipping oil by tanker instead. SourceContinue Reading
Chevron is preparing to begin drilling the Korikori-1 exploration well later this month, according to Suriname’s state-owned oil company Staatsolie. Drilling is expected to last around 90 days and will target potential hydrocarbon accumulations in the shallow offshore zone of the Suriname-Guyana basin. SourceContinue Reading
Baytex Energy Corp. is considering divesting its Eagle Ford shale operations in south Texas, potentially fetching up to $3 billion, as the Calgary-based producer shifts strategic focus back to its Canadian oil portfolio. SourceContinue Reading
Sintana Energy Inc. has agreed to acquire Challenger Energy Group PLC in an all-share transaction valued at approximately C$83.6 million. The deal expands Sintana’s high-impact offshore exploration footprint in Uruguay and Namibia. SourceContinue Reading
A new S&P Global Commodity Insights analysis finds absolute greenhouse gas emissions from the Permian basin have fallen nearly 20% since 2022, even as oil and gas production increased by about 500,000 barrels per day. SourceContinue Reading
bp has started up production from the Murlach field in the UK North Sea—its sixth major upstream project of 2025. The two-well subsea tieback adds about 15,000 boed in peak output to the ETAP hub, advancing bp’s plan to deliver 10 new oil and gas projects by 2027. SourceContinue Reading
Civitas Resources and SM Energy are discussing a merger of equals that reflects the next wave of consolidation among U.S. shale producers. The potential combination would strengthen both companies’ Permian basin operations and enhance efficiency. SourceContinue Reading
