Shell will invest about $1 billion on new oil blocks in Angola as the southern African nation seeks to boost production that’s dwindled over the years, the chairman of the oil regulator said. SourceContinue Reading
ABL has been awarded a contract by Chevron to provide marine warranty survey and third-party support for platform installations and rig moves in the Gulf of Thailand. SourceContinue Reading
SM Energy and Civitas Resources have agreed to merge in an all-stock transaction valued at $12.8 billion, forming one of the largest independent oil-focused producers in the U.S. The combination delivers 526 Mboe/d of output, $1.4 billion in free cash flow, and $200 million in annual synergies. SourceContinue Reading
Flotek Industries’ XSPCT™ spectrometer has become the first optical system to meet GPA 2172 custody transfer standards for natural gas measurement. The real-time technology delivers faster, more accurate data than traditional gas chromatography. SourceContinue Reading
Dana Gas and Crescent Petroleum have completed the $1.1 billion KM250 expansion at Iraq’s Khor Mor field eight months early, adding 250 MMscf/d of new processing capacity and strengthening power generation across the Kurdistan region. SourceContinue Reading
Delta Sands LLC announced plans to construct a new 3-million-ton-per-year wet sand processing facility in East Texas to meet rising demand for high-quality in-basin proppant across the Western Haynesville Shale. SourceContinue Reading
The Railroad Commission of Texas assessed more than $1 million in fines against oil and gas operators and pipeline businesses during its October 30, 2025, meeting, reinforcing its oversight of industry safety, environmental compliance, and regulatory enforcement across the state. SourceContinue Reading
Buccaneer Energy has selected a drilling rig for the Allar #1 development well in the Pine Mills Field, Texas, with drilling set to begin in late October. The company plans to produce oil at up to 124 bopd and use associated gas from the Fouke area to power a future Bitcoin mining operation. SourceContinue Reading
ExxonMobil reported Q3 2025 earnings of $7.5 billion and record upstream production of 4.8 million boed, led by new output from Guyana’s Yellowtail project and record volumes in the Permian basin. The company also took FID on Hammerhead and expanded its Permian acreage with a Sinochem acquisition. SourceContinue Reading
Chevron’s third-quarter earnings topped analyst forecasts as the company’s $53 billion Hess acquisition boosted global oil production and cash flow. Output rose 21% to 4.1 MMboed, supported by Hess’ stake in Guyana’s Stabroek Block. SourceContinue Reading
