bp has flagged $4–$5 billion in post-tax impairments tied to its energy transition businesses in a fourth-quarter trading update, while reporting broadly flat upstream production and lower net debt ahead of full-year results. SourceContinue Reading
Speaking at Abu Dhabi Sustainability Week 2026, UAE Energy Minister Sultan Al Jaber said surging AI and data-center demand will drive long-term growth in power consumption, with oil and gas continuing to supply most global energy needs alongside expanding renewables. SourceContinue Reading
1776 Energy has sold its Eagle Ford and Austin Chalk assets in South Texas to Silver Hill Energy Partners, transferring approximately 17,500 net acres and more than 550 drilling locations in Karnes and Gonzales counties. SourceContinue Reading
Kolibri Global Energy reported improving early production from new Barnes and Velin wells in Oklahoma’s Tishomingo field, with oil cuts near 83% and Barnes wells outperforming earlier Lovina results on a lateral-adjusted basis. SourceContinue Reading
Enverus’ 2026 Global Energy Outlook forecasts Brent crude near $55/bbl, rising Permian gas supply, tighter power grids and selective energy transition investment amid geopolitical risk. SourceContinue Reading
INEOS has criticized the UK’s net-zero strategy after a report from the Institute of Economic Affairs (IEA) estimated decarbonization costs could reach £7.6 trillion, raising concerns over industrial competitiveness and energy security. SourceContinue Reading
Norway has offered 57 new offshore production licenses to 19 companies in the latest APA licensing round, spanning the North Sea, Norwegian Sea and Barents Sea. The move aims to slow production decline on the NCS and support long-term energy supply to Europe. SourceContinue Reading
Equinor has been awarded 35 new production licenses in Norway’s APA round, strengthening exploration and long-term oil and gas production across the NCS. SourceContinue Reading
EnerMech has secured a subsea pre-commissioning services contract from Saipem for the Whiptail development offshore Guyana, adding to its growing portfolio of Stabroek Block projects operated by ExxonMobil Guyana. SourceContinue Reading
