Petrobras plans to acquire Petronas’ 50% stake in the Tartaruga Verde and Espadarte Module III fields in Brazil’s Campos basin for $450 million, consolidating full ownership and strengthening its offshore production portfolio. SourceContinue Reading
Buccaneer Energy has acquired a 100% working interest in the Carlisle-1 well in East Texas, adding immediate oil production, increasing output to 155 bopd and strengthening its position in the Pine Mills field and planned waterflood development. SourceContinue Reading
bp has started gas production from the Quiluma field offshore Angola as part of the New Gas Consortium project, the country’s first non-associated gas development supplying feedstock to the Angola LNG facility for export. SourceContinue Reading
bp has started gas production from the Quiluma field offshore Angola as part of the New Gas Consortium project, the country’s first non-associated gas development supplying feedstock to the Angola LNG facility for export. SourceContinue Reading
Texas Railroad Commission Chairman Jim Wright said Texas oil and natural gas production remains strong in a letter to President Donald Trump, emphasizing the state’s role in supplying U.S. energy and supporting national security. SourceContinue Reading
A drone strike sparked a fire at the Shah natural gas field in the United Arab Emirates, a sour gas development operated by ADNOC and Occidental Petroleum, highlighting growing risks to Middle East energy infrastructure. SourceContinue Reading
Monumental Energy has restarted commercial oil production from the Waihapa H1 well in New Zealand’s Taranaki basin, with seven perforations in the Mount Messenger formation delivering strong oil flow and associated gas production. SourceContinue Reading
The Offshore Technology Conference (OTC) has announced the winners of its 2026 Spotlight on New Technology Awards, recognizing 17 innovations in offshore drilling, subsea systems, AI and well construction technologies. SourceContinue Reading
The International Energy Agency said emergency oil reserves from a record 400-million-barrel global stock release will begin flowing immediately to Asian markets as buyers seek to replace Middle East supply disrupted by the Strait of Hormuz shutdown. SourceContinue Reading
TotalEnergies says Middle East conflict has forced shutdowns of offshore production in Qatar, Iraq and the UAE, affecting roughly 15% of its global output. SourceContinue Reading
