Ovintiv will acquire NuVista Energy in a $2.7 billion cash-and-stock deal, adding 140,000 net acres and 100,000 boed of production in the Montney while planning to divest its Anadarko assets to strengthen its balance sheet. SourceContinue Reading
Coterra Energy defended its diversified U.S. oil and gas strategy after activist investor Kimmeridge called for leadership changes and divestitures. The company reaffirmed the value of its multi-basin model and disciplined capital approach. SourceContinue Reading
Petrobras’ plan to divest shallow-water oil fields has been derailed after Brazil’s regulator, ANP, denied testing needed to restart production at 13 sites. The decision forces the state oil firm to absorb costly decommissioning as global oil prices weaken. SourceContinue Reading
Chevron has entered two deepwater offshore blocks in Guinea-Bissau’s MSGBC basin, expanding its strategic footprint in West Africa. The U.S. major will operate Blocks 5B and 6B with 90% interest, focusing on oil exploration through new seismic interpretation. SourceContinue Reading
Comstock Resources reported higher third-quarter earnings on stronger gas prices and record Haynesville well performance. The company plans to sell its Shelby Trough assets for $430 million, using proceeds to reduce debt and reinforce its Haynesville growth focus. SourceContinue Reading
Halliburton has launched its LOGIX™ unit vitality system, an AI-powered platform that monitors cementing equipment in real time to improve reliability, predict maintenance needs and reduce nonproductive time. SourceContinue Reading
EnerMech has announced a multi-year strategic investment across its Americas operations—spanning the U.S., Guyana, Trinidad & Tobago, Suriname, and Mexico—to strengthen local capability, expand leadership, and capture growth in LNG and offshore pre-commissioning markets. SourceContinue Reading
DeepOcean and Jana Marine have signed a Heads of Terms agreement to form JADE Subsea Services, a Saudi-based joint venture offering integrated subsea construction, IMR, and diving support across the Middle East. SourceContinue Reading
bp delivered $7.8 billion in operating cash flow and $2.2 billion in underlying profit for Q3 2025, supported by higher production, improved refining margins and strong upstream reliability. The company advanced six major projects—including new capacity in the U.S. Gulf—and sanctioned its Tiber-Guadalupe development. SourceContinue Reading
Liberty Petroleum plans to begin drilling in 2026 across its 20-million-acre position in Australia’s Officer basin—one of the country’s largest untapped oil prospects. The U.S.-based firm’s project underscores deepening U.S.–Australia energy cooperation. SourceContinue Reading
