The five-well campaign begins in 2026 and includes options for three more wells, extending the company’s global deepwater activity. SourceContinue Reading
Carnelian Energy Capital has closed a $600 million oversubscribed fund aimed at upstream oil and gas investments in Canada, signaling renewed private equity confidence in the region’s energy sector. SourceContinue Reading
U.S. geothermal lease bids have surged to record highs, driven by data-center energy demand and advances in drilling and completions technology. Oilfield methods such as fracing and high-temperature well design are powering geothermal’s next growth phase. SourceContinue Reading
Score has secured significant new contracts from INEOS Energy for the Greensand carbon storage project and additional LDAR framework agreements across Denmark, reinforcing its leadership in carbon capture and emissions reduction. SourceContinue Reading
Strathcona Resources Ltd. has formally withdrawn its takeover bid for MEG Energy Corp., citing new terms in MEG’s revised agreement with Cenovus Energy Inc. that render the proposed acquisition no longer feasible. SourceContinue Reading
Beacon Offshore Energy has achieved its target production rate of 100,000 bopd at the Shenandoah field in the U.S. Gulf, just 75 days after first oil, confirming the high operability of the Shenandoah floating production system. SourceContinue Reading
Equinor is preparing to begin production at its $8 billion Bacalhau project offshore Brazil, following delays at one of the largest deepwater developments in the company’s portfolio. The ultra-deep pre-salt field is expected to produce up to 220,000 bpd. SourceContinue Reading
Adnoc Gas CEO Fatema Al Nuaimi says the upcoming wave of global LNG supply through the decade will spark sustained demand growth, as lower prices encourage long-term adoption in emerging markets. SourceContinue Reading
Houston-based Sable Offshore Corp. is seeking assistance from the Trump administration to revive crude production offshore Santa Barbara, Calif. The company’s plans to restart pipelines from the Santa Ynez Unit have been delayed by state regulators, prompting consideration of shipping oil by tanker instead. SourceContinue Reading
Chevron is preparing to begin drilling the Korikori-1 exploration well later this month, according to Suriname’s state-owned oil company Staatsolie. Drilling is expected to last around 90 days and will target potential hydrocarbon accumulations in the shallow offshore zone of the Suriname-Guyana basin. SourceContinue Reading
