Senegal’s national oil company Petrosen plans a $100-million onshore exploration campaign aimed at unlocking new crude discoveries and expanding the country’s upstream potential beyond recent offshore developments. SourceContinue Reading

bp has halted share buybacks and shifted capital toward debt reduction and core oil and gas operations as the company advances a broader turnaround strategy under incoming leadership and prepares for new upstream growth projects. SourceContinue Reading

Oilfield service and technology executives are heading to Washington in record numbers this week, urging lawmakers to accelerate permitting reform, stabilize trade policy and ensure regulatory certainty as operators weigh new drilling and infrastructure investments. SourceContinue Reading

Interoil has completed its exit from conventional operations in Argentina, divesting Santa Cruz Sur and La Brea assets as it shifts focus toward non-conventional opportunities and disciplined capital allocation. SourceContinue Reading

Namibia’s government says it was not notified of TotalEnergies’ planned acquisition of a major offshore exploration stake alongside Petrobras, complicating the latest deal in the fast-growing Orange basin and underscoring regulatory sensitivities as the country moves toward first oil. SourceContinue Reading

Subsea7 has been awarded a substantial contract by Chevron for subsea flowline and umbilical installation in the Eastern Mediterranean, with engineering work beginning immediately and offshore execution scheduled for 2028. SourceContinue Reading

Perenco has installed the $200-million Kombi 2 platform on Congo’s Kombi-Likalala-Libondo II field, supporting a six-well drilling campaign beginning in 2026 aimed at boosting production and extending field life. SourceContinue Reading

ADNOC Gas reported record 2025 net income of $5.2-billion as domestic gas demand and infrastructure expansion support long-term growth. The company is advancing major UAE gas processing and pipeline projects, with new development FIDs expected in 2026. SourceContinue Reading

Transocean’s $5.8-billion acquisition of Valaris will create one of the world’s largest and highest-spec offshore drilling fleets, signaling renewed confidence in a multi-year offshore upcycle and accelerating consolidation among global drilling contractors. SourceContinue Reading

Cameroon and Equatorial Guinea have signed a unitization agreement to jointly develop the 2.5-Tcf Yoyo-Yolanda gas fields, advancing a long-delayed cross-border project central to regional gas monetization and LNG supply growth in the Gulf of Guinea. SourceContinue Reading