INEOS has committed £150 million to upgrade and secure the future of its Grangemouth industrial site, backed by UK government support. The investment aims to protect more than 500 jobs, improve efficiency and reinforce the site’s role as a cornerstone of British manufacturing. SourceContinue Reading
Vista Energy is seeking shareholder approval to pursue new acquisitions in Argentina’s Vaca Muerta shale, potentially funded through an equity issuance. SourceContinue Reading
DeepOcean has secured a new long-term IMR frame agreement with Vår Energi, covering subsea inspection, maintenance and repair work across the operator’s Norwegian continental shelf assets through 2030, with options for extension. SourceContinue Reading
Brazil, Guyana and Argentina are set to drive nearly half of global crude oil production growth in 2026, according to the latest EIA outlook, underscoring the rising influence of non-OPEC+ supply from deepwater and shale developments. SourceContinue Reading
MOL Group and SOCAR have signed a new onshore exploration and production sharing agreement in Azerbaijan’s Shamakhi-Gobustan region, with MOL as operator. The deal strengthens their Caspian partnership and sets the stage for seismic work in 2026, followed by future exploration drilling. SourceContinue Reading
Bonterra Energy delivered its strongest Charlie Lake well results to date, announced a $15.7-million bolt-on acquisition in northwest Alberta, and outlined preliminary 2026 guidance targeting up to 16,400 boed as it continues to scale its core Charlie Lake position. SourceContinue Reading
Shell has sanctioned a waterflood project at its Kaikias field in the U.S. Gulf, targeting an estimated 60 MMboe of additional recoverable resources and extending production from the Ursa hub into the next decade. SourceContinue Reading
The Railroad Commission of Texas has named longtime regulator Mark Evarts as director of its Oversight and Safety Division, strengthening leadership over pipeline safety and gas market oversight statewide. SourceContinue Reading
Subsea7 has secured a substantial subsea installation contract from Chevron Australia for the Gorgon Stage 3 project, covering engineering, fabrication and deepwater installation activities offshore Western Australia, with offshore operations planned for 2028. SourceContinue Reading
TotalEnergies has sold a 9.998% stake in Malaysia’s SK408 offshore gas block to PTTEP, reinforcing a long-standing partnership while retaining operatorship. The move supports portfolio optimization as the company deepens its role as a leading gas producer in Malaysia. SourceContinue Reading
