Matador Resources Company expanded its Delaware basin position in 2025 through incremental acreage acquisitions, increased its 2026 oil hedging exposure, and reported improved well performance and cost efficiencies from large-scale developments in Lea County, New Mexico. SourceContinue Reading
India is targeting up to $100 billion in upstream investment by opening new acreage and accelerating drilling, as it seeks to curb oil imports and strengthen long-term energy security. SourceContinue Reading
Noble Corporation has secured approximately $1.3 billion in new contract awards across nine rigs, including a three-year agreement for the Noble GreatWhite that marks the company’s entry into Norway’s harsh-environment floater market. SourceContinue Reading
Gulf Marine Services has agreed to acquire its first new vessel in a decade, adding a mid-class SESV to its fleet as offshore demand strengthens. The move supports near-term commercial opportunities while maintaining low leverage and financial flexibility. SourceContinue Reading
Kongsberg Maritime has secured a major contract to supply deck machinery for a next-generation floating wind construction vessel being built for Hana Shipping, supporting offshore floating wind installation activities off South Korea. SourceContinue Reading
XRG is increasing its equity stake in the Rio Grande LNG project in Texas, expanding its exposure to one of the world’s largest LNG export developments as new U.S. liquefaction capacity moves closer to startup. SourceContinue Reading
Kazakhstan has scored a partial win in a long-running arbitration with international oil companies, potentially leaving Karachaganak partners facing up to $4 billion in compensation tied to disputed cost recoveries. SourceContinue Reading
Kazakhstan is moving to restore production at the Tengiz oil field after power disruptions, as operator Tengizchevroil works to normalize output and exports. SourceContinue Reading
Dana Gas and Crescent Petroleum have signed long-term gas sales agreements to supply up to 142 MMscf/d from the Chemchemal field in the Kurdistan Region of Iraq, supporting appraisal drilling and early development ahead of first gas targeted for 2027. SourceContinue Reading
Libya has signed a long-term agreement with TotalEnergies and ConocoPhillips to more than double production capacity at the Waha Oil venture, targeting up to 850,000 bpd as foreign operators re-engage in one of North Africa’s largest upstream redevelopment efforts. SourceContinue Reading
