SLB and Shell have signed a new collaboration agreement to co-develop AI-driven digital solutions aimed at boosting upstream efficiency. The partnership will use SLB’s Lumi™ platform to unify data and accelerate automation across subsurface, drilling and production workflows. SourceContinue Reading

DNO has restarted drilling in the Kurdistan region after surpassing 500 MMbbl of cumulative production at the Tawke license. Two rigs will drill eight wells through 2026 as the operator targets increasing gross output to 100,000 bopd across the Tawke and Peshkabir fields. SourceContinue Reading

Equinor and partners have approved a NOK 4 billion investment to develop the Isflak discovery—the first tieback to the Johan Castberg hub—adding 46 MMbbl and targeting first oil in 2028 as the Barents Sea project ramps up for long-term growth. SourceContinue Reading

bp has started up the Atlantis Drill Center 1 expansion in the Gulf of America two months ahead of schedule, adding 15,000 boed and marking its seventh major project startup of 2025.` SourceContinue Reading

The U.S. Interior Department has restarted offshore oil and gas leasing, closing its first mandated Gulf lease sale under the One Big Beautiful Bill Act. The sale drew nearly $280 million in high bids, signaling renewed industry confidence and a shift toward expanded offshore development. SourceContinue Reading

Africa will need an estimated $375 billion in upstream and midstream investment over the next decade to develop its natural gas sector, according to the Society of Petroleum Engineers, as demand rises and infrastructure gaps persist. SourceContinue Reading

Viridien has launched a 4,300-sq-km seismic reimaging program over offshore Angola’s Block 22, applying advanced imaging technologies to support the country’s upcoming licensing round and sharpen exploration insight in the Kwanza Basin. SourceContinue Reading

Chevron CEO Mike Wirth says the company is in discussions with the Trump administration to ensure continued compliance with U.S. sanctions while maintaining operations in Venezuela, where Chevron remains the last U.S. oil major operating. SourceContinue Reading

INA has confirmed new offshore gas reserves in Croatia’s Northern Adriatic after early production testing delivered 120,000 cu m/day from a new development well. The project marks the start of a broader offshore drilling campaign planned through 2026. SourceContinue Reading

NPDP has taken final investment decision on the Sea Lion oil field offshore the Falkland Islands, clearing the way for first oil in 2028. Phase 1 will include 11 subsea wells tied back to an FPSO, with peak production of 50,000 bpd and additional development phases planned. SourceContinue Reading