The U.S. Interior Department has restarted offshore oil and gas leasing, closing its first mandated Gulf lease sale under the One Big Beautiful Bill Act. The sale drew nearly $280 million in high bids, signaling renewed industry confidence and a shift toward expanded offshore development. SourceContinue Reading

Africa will need an estimated $375 billion in upstream and midstream investment over the next decade to develop its natural gas sector, according to the Society of Petroleum Engineers, as demand rises and infrastructure gaps persist. SourceContinue Reading

Viridien has launched a 4,300-sq-km seismic reimaging program over offshore Angola’s Block 22, applying advanced imaging technologies to support the country’s upcoming licensing round and sharpen exploration insight in the Kwanza Basin. SourceContinue Reading

Chevron CEO Mike Wirth says the company is in discussions with the Trump administration to ensure continued compliance with U.S. sanctions while maintaining operations in Venezuela, where Chevron remains the last U.S. oil major operating. SourceContinue Reading

INA has confirmed new offshore gas reserves in Croatia’s Northern Adriatic after early production testing delivered 120,000 cu m/day from a new development well. The project marks the start of a broader offshore drilling campaign planned through 2026. SourceContinue Reading

NPDP has taken final investment decision on the Sea Lion oil field offshore the Falkland Islands, clearing the way for first oil in 2028. Phase 1 will include 11 subsea wells tied back to an FPSO, with peak production of 50,000 bpd and additional development phases planned. SourceContinue Reading

IWCF has launched its new “Quality Assured” framework, providing independent endorsement for non-accredited well control training and aiming to strengthen consistency, competence and safety standards across the global oil and gas industry. SourceContinue Reading

EnerMech has secured a key pre-commissioning contract from Bechtel for Woodside’s Pluto LNG Train 2 project in Western Australia. The scope includes chemical cleaning of critical systems as the 5-MMtpa LNG expansion prepares to move toward commissioning. SourceContinue Reading

Kistos has made its first move into the Middle East, agreeing to acquire onshore interests in Oman’s Blocks 9 and 3 & 4 in a $148-million deal with Mitsui. The transaction adds immediately cash-generative, liquids-weighted production and over 25 MMboe of net reserves. SourceContinue Reading

ExxonMobil has raised its 2030 outlook, projecting stronger upstream earnings and cash flow growth without increasing capital spending. The updated plan highlights accelerated production growth in the Permian, Guyana and LNG, deeper cost reductions, and earlier-than-expected emissions targets. SourceContinue Reading