bp is reviewing its UK North Sea upstream assets and considering potential divestments as part of a broader strategy to streamline its portfolio and reduce debt. SourceContinue Reading
A new TIPRO report shows Permian and Texas oil production hitting record highs while flaring intensity drops sharply—highlighting how infrastructure gains are reshaping emissions trends. SourceContinue Reading
ConocoPhillips is excluding Qatar volumes from guidance as Middle East disruption impacts output, while Lower 48 operations continue to drive production. SourceContinue Reading
JDR Cable Systems has been awarded a contract to supply subsea control umbilicals for Amplitude Energy’s offshore gas project supporting supply to Victoria, Australia. SourceContinue Reading
OPEC+ is expected to approve a modest production increase despite the UAE’s exit and ongoing disruption to oil flows through the Strait of Hormuz. SourceContinue Reading
Subsea7 has been awarded an EPCI contract by ExxonMobil for a subsea tie-back project in Block 15 offshore Angola, valued between $150 million and $300 million. SourceContinue Reading
Eco Atlantic has advanced its acquisition of JHI Associates, positioning the company to secure a 35% interest in the PL001 offshore block in the Falkland Islands. SourceContinue Reading
Newfoundland and Labrador’s 2026 budget includes $90 million for offshore exploration, with industry pointing to growing momentum ahead of projects like Bay du Nord. SourceContinue Reading
