Shell and Exxon have pulled a planned sale of strategic UK North Sea gas assets to Viaro, citing unresolved regulatory and market conditions after months of review. SourceContinue Reading
EWTC’s latest jobs report shows U.S. oilfield services employment ended 2025 slightly lower than earlier highs, highlighting a year shaped by market uncertainty and shifting labor conditions. SourceContinue Reading
Eco Atlantic and partner Navitas are in talks with Guyana to preserve appraisal rights on the Orinduik Block, following the expiry of the license’s renewal term, as the companies seek approval to advance work on existing offshore discoveries. SourceContinue Reading
TotalEnergies has signed a sale and purchase agreement to divest its 10% non-operated oil interest in Nigeria’s Renaissance JV, formerly the SPDC joint venture, as part of its portfolio optimization strategy. SourceContinue Reading
bp has flagged $4–$5 billion in post-tax impairments tied to its energy transition businesses in a fourth-quarter trading update, while reporting broadly flat upstream production and lower net debt ahead of full-year results. SourceContinue Reading
Speaking at Abu Dhabi Sustainability Week 2026, UAE Energy Minister Sultan Al Jaber said surging AI and data-center demand will drive long-term growth in power consumption, with oil and gas continuing to supply most global energy needs alongside expanding renewables. SourceContinue Reading
1776 Energy has sold its Eagle Ford and Austin Chalk assets in South Texas to Silver Hill Energy Partners, transferring approximately 17,500 net acres and more than 550 drilling locations in Karnes and Gonzales counties. SourceContinue Reading
Kolibri Global Energy reported improving early production from new Barnes and Velin wells in Oklahoma’s Tishomingo field, with oil cuts near 83% and Barnes wells outperforming earlier Lovina results on a lateral-adjusted basis. SourceContinue Reading
Enverus’ 2026 Global Energy Outlook forecasts Brent crude near $55/bbl, rising Permian gas supply, tighter power grids and selective energy transition investment amid geopolitical risk. SourceContinue Reading
