Petrobras has increased production from Brazil’s massive Buzios deepwater field to 1 million bpd, reinforcing its position as a top non-OPEC oil supplier. SourceContinue Reading
ConocoPhillips has raised the cost of its Willow oil project in Alaska to $9 billion, citing inflation and rising expenses, with production now set for early 2029. SourceContinue Reading
Aker Solutions has secured a five-year brownfield services contract from ExxonMobil Canada for the Hebron platform offshore Newfoundland and Labrador. The significant NOK 1.5–2.5 billion award extends Aker Solutions’ long-running EPC and maintenance work on the platform, reinforcing its strong presence in Atlantic Canada’s offshore sector. SourceContinue Reading
Energy NL CEO Charlene Johnson said Canada’s 2025 federal budget shows promising support for resource and infrastructure projects, but urged clarity on the emissions cap timeline. She highlighted tax incentives for carbon capture and LNG as positive for Newfoundland and Labrador’s energy industry. SourceContinue Reading
Carbon Clean and SAMSUNG E&A have formed a global alliance to deliver modular carbon capture systems that cut costs and speed deployment. The partnership combines Carbon Clean’s CycloneCC™ technology with SAMSUNG’s EPC expertise to advance large-scale industrial decarbonization. SourceContinue Reading
Aberdeenshire-based completions specialist Vulcan Completion Products (VCP) is marking a new stage in its global growth as its workforce approaches 40 employees and operations extend to nearly 50 countries. SourceContinue Reading
Halliburton has won an integrated drilling and completion services contract from Shell Nigeria and Sunlink Energies for the HI gas field in OML 144, which will supply feed gas to the Nigeria LNG Train 7 project. SourceContinue Reading
Africa’s oil and gas industry is entering a new phase of consolidation and exploration as mergers, acquisitions, and fresh licensing rounds reshape the continent’s upstream landscape heading into 2026. SourceContinue Reading
IOG Resources II has acquired producing non-operated natural gas assets in Pennsylvania’s Appalachian basin from an undisclosed seller. Operated by Seneca Resources, the assets currently produce about 19 MMcf/d. SourceContinue Reading
