Helix Energy Solutions has sold its shallow water abandonment business to the Chouest Group for $107.5 million, sharpening its focus on deepwater well intervention and offshore services. SourceContinue Reading
Equinor has awarded $1.6 billion in drilling and well services contracts to sustain North Sea output, as new wells play a growing role in future production. SourceContinue Reading
Argent LNG has advanced permitting for its proposed 25-MMtpa Port Fourchon export project, marking another step forward for U.S. LNG capacity growth. SourceContinue Reading
ADNOC has unveiled a $55-billion project pipeline as the UAE moves to accelerate upstream growth following its exit from OPEC, signaling a major push to expand capacity and capture global demand. SourceContinue Reading
OPEC+ has agreed to a modest production increase following the UAE’s exit, though supply remains constrained by ongoing disruptions in the Strait of Hormuz. SourceContinue Reading
Dana Gas has fully settled overdue receivables in Egypt while reporting increased production in the Nile Delta, supported by ongoing investment and drilling activity. SourceContinue Reading
bp is reviewing its UK North Sea upstream assets and considering potential divestments as part of a broader strategy to streamline its portfolio and reduce debt. SourceContinue Reading
A new TIPRO report shows Permian and Texas oil production hitting record highs while flaring intensity drops sharply—highlighting how infrastructure gains are reshaping emissions trends. SourceContinue Reading
