Equinor has extended its long-running IMR agreement with DeepOcean, securing subsea support through 2027 and preparing for the launch of the next-generation Rem Ocean vessel. The renewal marks nearly 30 years of continuous collaboration on the Norwegian Continental Shelf. SourceContinue Reading

BW Energy has entered Angola with new stakes in Block 14 and 14K, adding immediate production and opening the door to long-term West Africa growth. The Chevron-operated assets deliver 4,000 bopd net and come with material upside and a USD 97.5 million base consideration. SourceContinue Reading

Nigeria is turning waste into opportunity by allowing 28 companies to capture and commercialize gas once lost to flaring, a move expected to draw billions in investment and boost energy output. SourceContinue Reading

API praised the House for passing bipartisan permitting reform bills that streamline pipeline reviews and federal approvals, calling it a key step toward faster, more efficient energy infrastructure development. SourceContinue Reading

KROHNE introduces enhancements in ultrasonic flow meter verification to improve custody transfer accuracy, reduce pumping costs, and ensure API-compliant performance in oil and gas operations. SourceContinue Reading

Harbour Energy will acquire Waldorf Energy’s UK North Sea assets for $170 million, expanding its oil-weighted production and raising its stake in the Catcher field to 90%. SourceContinue Reading

The EIA expects U.S. crude production to edge down to 13.5 MMbbl/d in 2026, ending four years of growth as lower prices and regional declines offset gains in the Permian. SourceContinue Reading

Dana Gas has confirmed a significant 15–25 Bcf gas discovery at the North El-Basant 1 exploratory well in Egypt’s onshore Nile Delta. The find supports the company’s $100 million drilling program, with production expected to exceed 8 MMscf/d once tied into the national gas network. SourceContinue Reading

Chevron has tapped TechnipFMC to supply next-generation Subsea 2.0® production systems—including the first 7-inch subsea tree series—for the Gorgon Stage 3 expansion offshore Australia, reinforcing a two-decade partnership. SourceContinue Reading

Brazilian oil production is rebounding after platform outages slashed more than 300,000 bpd in November. ANP data shows volumes already recovering, underscoring how output swings from mega-FPSOs can complicate global supply forecasts as OPEC, IEA and major traders diverge on the 2026 market outlook. SourceContinue Reading