Santos Chief Financial Officer Sherry Duhe has resigned after one year, following the collapse of a proposed $19 billion merger with ADNOC. Duhe will be replaced by deputy CFO Lachlan Harris as the company refocuses on LNG growth projects. SourceContinue Reading
Speaking at the historic Drake Energy Security Forum, American Petroleum Institute (API) President and CEO Mike Sommers urged policymakers to strengthen U.S. energy leadership through innovation and infrastructure investment. SourceContinue Reading
bp said weaker oil trading offset profit gains in the third quarter, though production rose for a second consecutive quarter led by U.S. shale output from BPX Energy. The company is advancing six new upstream projects expected to add 150,000 boed at peak. SourceContinue Reading
The Oil and Gas Climate Initiative’s (OGCI) 2024 Progress Report shows continued emissions reductions across its 12 member companies, including Aramco, bp, Chevron, ExxonMobil, and TotalEnergies. Since 2017, members have reduced upstream methane intensity by 62%. SourceContinue Reading
Shell and Sunlink Energies have taken FID on the HI gas project offshore Nigeria. The 350 MMscf/d development will supply feed gas to Nigeria LNG’s Train 7 expansion, supporting Shell’s plan to grow global LNG output through 2030. SourceContinue Reading
The International Energy Agency forecasts global oil supply will exceed demand by nearly 4 million barrels per day in 2026—its largest annual surplus on record. The build-up, driven by revived OPEC+ output and rising non-OPEC production from the U.S., Brazil, and Guyana, is already visible in tanker storage volumes. SourceContinue Reading
NGP Natural Resources has partnered with 406 Energy Holdings, a new Houston-based upstream venture led by former XCL Resources executives. The company plans to target high-return oil and gas development opportunities across the U.S. SourceContinue Reading
Sonatrach and Saudi Arabia’s Midad Energy have signed a $5.4 billion production-sharing agreement to explore and develop the Illizi South block in Algeria. The project aims to produce 125 Bcm of gas and 204 million barrels of liquids over 30 years. SourceContinue Reading
Serica Energy has agreed to buy BP’s 32% stake in the Culzean field, the UK’s largest offshore gas producer. The $232 million deal expands Serica’s North Sea portfolio and adds low-cost, low-emission production operated by TotalEnergies. SourceContinue Reading
Kuwait Oil Co. has announced a major offshore gas discovery at the Jazah field, with initial tests showing 29 MMcf/d of gas and 5,000 bpd of condensate. The find could hold 1 Tcf of gas and 120 million barrels of condensate, marking a key milestone for Kuwait’s offshore exploration. SourceContinue Reading
