Continental Resources retained the top spot in Enverus’ annual ranking of the 100 largest private U.S. E&P operators, as the report points to renewed private capital deployment across the upstream sector. SourceContinue Reading

Shell has agreed to sell its interests in the Na Kika platform and Coulomb tieback in the U.S. Gulf to Talos Energy and Ridgewood Energy for $1.7 billion. The divestiture supports Shell’s strategy to optimize its deepwater portfolio while maintaining a leading position in the U.S. Gulf. SourceContinue Reading

Sable Offshore launched a $400 million equity and convertible debt offering as it works to refinance a loan owed to Exxon Mobil, sending shares sharply lower. The financing comes as the company continues efforts to restart offshore oil production off California’s coast. SourceContinue Reading

bp Deputy CEO Carol Howle will retire later this year after a 26-year career with the company. CEO Meg O’Neill said bp will eliminate the Deputy CEO position as part of its broader effort to simplify the organization’s leadership structure. SourceContinue Reading

LGX Energy is expanding development in the Illinois Basin using proprietary 3D seismic technology to identify overlooked conventional oil targets in southwestern Indiana while advancing its long-term growth strategy. SourceContinue Reading

Siemens and IFS have formed a strategic partnership to integrate Industrial AI, digital twin technology and asset lifecycle management, helping manufacturers and energy companies connect engineering, production and field operations to improve asset performance and operational efficiency. SourceContinue Reading

SLB has been awarded a seven-year contract by Kuwait Oil Company under the Ahmadi Innovation Valley initiative to support AI, digital technologies, production optimization, reservoir management and applied upstream research. The agreement also includes plans for a dedicated innovation facility in Kuwait. SourceContinue Reading

Enverus has acquired four PDS Energy Information exchange platforms, expanding its digital network for frac coordination, well data, production reporting and produced water logistics across the U.S. upstream industry. SourceContinue Reading

ADNOC is proposing a new pricing methodology for Upper Zakum, Das and Umm Lulu crude that would link official selling prices to the Dubai benchmark rather than Murban futures. The move could simplify regional pricing comparisons as the UAE expands crude exports. SourceContinue Reading

Shell expects global LNG trade to remain flat in 2026 if shipping through the Strait of Hormuz returns to normal this summer but warns that a prolonged closure could result in a rare annual decline in LNG supply. The outlook comes as Qatar continues recovering from conflict-related disruptions. SourceContinue Reading