Ecopetrol has completed its $1.2 billion acquisition of a controlling 51% stake in Brazil’s Brava Energia, which averaged 78,800 boed of production in first-half 2026 and holds 459 MMboe of proved reserves. SourceContinue Reading
SLB has secured a contract from Brunei Shell Petroleum to restore production from shut-in wells across multiple offshore fields, integrating subsurface evaluation, engineering, well intervention and offshore execution. SourceContinue Reading
Monumental Energy’s application for 245 km² of exploration acreage in New Zealand’s Taranaki basin has advanced to government review, with the partners targeting two identified gas-condensate prospects. SourceContinue Reading
Helmerich & Payne led U.S. land drilling contractors with 15.85 million ft drilled across 776 wells in Q1, while ExxonMobil topped operators with 5.44 million ft, according to new Enverus rankings. SourceContinue Reading
ReconAfrica has flowed natural gas and potential liquids from a second zone at its KW1X discovery well in Namibia and will now target up to 1,000 meters of horizontal reservoir section to establish a representative flow rate. SourceContinue Reading
Peter Thiel’s investment firm has disclosed a nearly 1.2-million-share stake in Vaca Muerta producer Vista Energy, valued at about $76 million at the end of the second quarter. SourceContinue Reading
Gulf Marine Services has secured a 183-day extension for a Small-class vessel supporting offshore maintenance for a major Middle East national oil company, with two additional three-month options available. SourceContinue Reading
DMT has selected 6,000 Sercel Accel drop nodes for a large-scale urban seismic acquisition program supporting geothermal exploration in the Munich region of Germany. SourceContinue Reading
Empire Petroleum has completed a 21,006-ft re-entry and subsurface evaluation of a legacy Texas well, obtaining modern logs and cores across deeper Western Haynesville targets while advancing plans for additional development. SourceContinue Reading
Moody’s Ratings says E&P companies led global oil and gas credit upgrades in H1 2026 as higher crude prices strengthened earnings expectations, while U.S. onshore OFS demand remains subdued. SourceContinue Reading
