Kuwait Oil Company and bp have extended their Enhanced Technical Services Agreement through 2029, advancing enhanced oil recovery work and field development support at the giant Greater Burgan field and other key Kuwait assets. SourceContinue Reading
Turkey and Chevron have signed an agreement to jointly pursue global oil and gas exploration and production opportunities, expanding cooperation between the U.S. major and state-run TPAO as Ankara seeks to boost energy security and upstream output. SourceContinue Reading
Oil production growth in South America will continue to be driven by Brazil, Guyana and Argentina through at least 2030, with Venezuela’s recovery constrained by project economics, crude quality and investment risk, according to Rystad Energy. SourceContinue Reading
The 2026 Global Energy Talent Index (GETI) shows the oil and gas sector facing mounting hiring challenges, as an aging workforce, reduced global mobility and slower AI adoption tighten the industry’s talent pipeline. SourceContinue Reading
Chevron and Equatorial Guinea have signed an agreement boosting GEPetrol’s stake in the Aseng gas project, strengthening state participation and supporting expanded gas monetization through existing LNG infrastructure. SourceContinue Reading
Expro has introduced a single-valve shear-and-seal system designed to simplify subsea well access, reduce operational complexity and support intervention and plug-and-abandonment operations offshore. SourceContinue Reading
Oil production growth in South America will continue to be driven by Brazil, Guyana and Argentina through at least 2030, with Venezuela’s recovery constrained by project economics, crude quality and investment risk, according to Rystad Energy. SourceContinue Reading
Mexico’s state oil company Pemex has reduced its debt to an 11-year low after receiving more than $40 billion in government support, as President Claudia Sheinbaum looks to revive oil production, attract private investment and stabilize aging upstream assets. SourceContinue Reading
Equinor expects oil production from the Johan Sverdrup field — the North Sea’s largest producing asset — to decline by 10% to 20% in 2026, marking a turning point for one of Europe’s most important sources of supply growth. SourceContinue Reading
Natura Resources and NGL Energy Partners are evaluating nuclear-powered desalination to treat produced water at scale in the Permian basin, addressing disposal and reuse challenges. SourceContinue Reading
