U.S. oil and gas mergers and acquisitions dropped to $9.7 billion in Q3 2025, marking the third straight quarterly decline, according to Enverus Intelligence Research. Analysts cite persistently low crude prices and fewer private-equity exits. SourceContinue Reading
Aker BP reported strong results with 414,000 boed production, robust cash flow, and a major Omega Alfa discovery in Norway’s Yggdrasil area. The find ranks among the largest on the Norwegian Continental Shelf in a decade and supports long-term offshore growth. SourceContinue Reading
Shell has appealed a South African court ruling that overturned the environmental permit for offshore Block 5/6/7, a key exploration license once held by TotalEnergies. The case highlights growing tension between energy investment and environmental opposition. SourceContinue Reading
The Trump administration will purchase 1 MMbbl of crude oil to begin replenishing the U.S. Strategic Petroleum Reserve (SPR), marking the first step toward restoring the nation’s emergency supply following years of drawdowns. SourceContinue Reading
The Trump administration will purchase 1 million barrels of crude oil to begin replenishing the U.S. Strategic Petroleum Reserve (SPR), marking the first step toward restoring the nation’s emergency supply following years of drawdowns. SourceContinue Reading
A consortium led by DeepOcean — including TotalEnergies, Equinor, Aker BP, Tenaris, and LS Cable & System — has developed FlowHeat, a subsea pipeline heating system that reduces installation costs by 35% and emissions by 30%, extending tieback reach to 30–50 km in deepwater projects. SourceContinue Reading
Kent has been awarded the FEED contract by Al-Khafji Joint Operations (KJO) for the Khafji Desalter and Water Treatment Plant upgrade. The project will sustain 300,000 bpd of crude production and expand treatment capacity to over 500,000 bpd. SourceContinue Reading
Galp Energia is expanding upstream exploration in frontier markets such as Namibia and São Tomé and Príncipe amid resilient global oil demand. “The world has changed,” said a board member on Tuesday. “The energy transition is happening, but Europe still needs fossil fuels.” SourceContinue Reading
The International Monetary Fund (IMF) says Saudi Arabia’s fiscal balance and current account depend heavily on oil price recovery and higher crude output. A 1 MMbpd rise in production could lift the kingdom’s fiscal balance by 3.2% of GDP as Vision 2030 spending expands. SourceContinue Reading
Vår Energi reported strong third-quarter 2025 results, achieving early start-up at seven offshore projects including Johan Castberg and Balder’s Jotun FPSO. The company expects Q4 output of 430,000 boed and plans to sanction ten new Norwegian Continental Shelf developments in 2025. SourceContinue Reading
