Lukoil has declared force majeure on oil shipments from Iraq’s West Qurna 2 field following new U.S. sanctions, marking the first major disruption to the Russian producer’s international operations. SourceContinue Reading
TMC Compressors has been awarded a contract by MODEC to supply a marine compressed air system for the Gato do Mato FPSO offshore Brazil, part of the Shell-operated Orca Project, which will produce 120,000 bopd in 2,000 meters of water. SourceContinue Reading
Shell has canceled plans for two offshore wind projects in Scotland, returning its CampionWind lease amid higher costs and a shift in clean energy strategy. SourceContinue Reading
The American Petroleum Institute has released Bulletin 5100, confirming that Ordinary Portland Cement is a safe and reliable barrier material for CCUS wells. The new guidance compiles the latest research supporting its long-term performance in CO₂ injection and storage applications. SourceContinue Reading
Petrobras will begin production from the P-78 FPSO at Brazil’s Buzios field in December, expanding output from the world’s largest deepwater oil field. The new platform adds 180,000 bopd of capacity, supporting Petrobras’s continued growth in pre-salt production. SourceContinue Reading
Three of the UK’s leading business organizations have called on the government to abolish the Energy Profits Levy, warning that the windfall tax is deterring investment, accelerating North Sea job losses, and threatening the region’s role in the nation’s energy transition. SourceContinue Reading
INEOS Energy has signed a long-term U.S. natural gas supply deal with Kinetik Holdings, securing up to 0.5 MMtpa from 2027 to strengthen Europe’s energy security and stabilize prices amid tightening global supply. SourceContinue Reading
The U.S. Bureau of Ocean Energy Management (BOEM) has announced two major steps toward expanding offshore oil and gas leasing under the Trump administration’s energy agenda and the One Big Beautiful Bill Act. SourceContinue Reading
Civitas Resources reported net income of $177 million and strong Q3 performance driven by higher output and lower costs across its Permian and DJ basin assets. The results come as Civitas finalizes its merger with SM Energy, creating one of the largest independent U.S. oil and gas producers. SourceContinue Reading
Mach Natural Resources reported third-quarter production of 94,000 boed and $273 million in revenue, supported by new wells in the Deep Anadarko and Mancos shale plays. The company also reduced its 2026 drilling and completion budget by 18%. SourceContinue Reading
