Battalion Oil has agreed to acquire 7,090 net acres in Ward County, Texas, expanding its Monument Draw position in the Permian basin and adding new drilling locations targeting the Wolfcamp and Bone Spring formations. SourceContinue Reading

LNG suppliers including Shell have declared force majeure on contracts after a shutdown at Qatar’s massive Ras Laffan export facility, highlighting the ripple effects of supply disruptions in the global gas market. SourceContinue Reading

Eco Atlantic has agreed to acquire JHI Associates in a deal valued at about $52 million, gaining offshore exploration interests in the North Falkland basin and Guyana’s Canje block. SourceContinue Reading

Forum Energy Technologies has launched the Ice® Unity Remote-Connect system, allowing operators to remotely control subsea ROV systems from any location while monitoring operations and streaming survey data in real time. SourceContinue Reading

Viridien has launched a new seismic reimaging project covering roughly 9,000 sq km of 3D data in India’s offshore Mahanadi basin, aiming to improve subsurface imaging and unlock new exploration opportunities. SourceContinue Reading

Guyana is advancing a 25,000-sq-km offshore multi-client seismic survey supported by Viridien to improve subsurface data, de-risk exploration and support future licensing rounds in the Guyana basin. SourceContinue Reading

TotalEnergies has started production from the Lapa South-West project in Brazil’s Santos basin, adding 25,000 bpd through new wells tied back to the existing Lapa FPSO as the company expands its offshore portfolio. SourceContinue Reading

World Oil/Gulf Energy Information’s Deepwater Development Conference got off to a roaring start in Lisbon on Tuesday, featuring an operator’s panel, two solo speakers, and a case studies/lessons learned session. The participants represented a wide mix of operators, service companies and a market analyst. SourceContinue Reading

Oil prices plunged more than 12% as traders struggled to interpret conflicting signals about tanker traffic and possible U.S. naval escorts through the Strait of Hormuz, the critical chokepoint that handles roughly one-fifth of global oil supply. SourceContinue Reading

Chevron has appointed exploration veteran Emmanuelle Garinet as Director of Exploration for the Americas and Sub-Saharan Africa, strengthening the company’s strategy to pursue new upstream discoveries across frontier African basins, the Gulf of Mexico, Guyana and other key global oil provinces. SourceContinue Reading