Devon Energy and Coterra Energy have agreed to merge in an all-stock transaction that will create one of the largest and most scaled shale producers in the United States, underscoring a renewed wave of consolidation across the U.S. unconventional sector. SourceContinue Reading
OKEA and partners reported a new petroleum discovery in the Knockando Fensfjord prospect near Norway’s Brage field, with early recoverable estimates up to 1.5 MMboe. SourceContinue Reading
PETRONAS plans to sustain Malaysia’s upstream oil and gas production at around 2 million boed through 2028, supported by continued investment in exploration, deepwater projects and enhanced oil recovery. SourceContinue Reading
Saudi Arabia recorded its fastest economic growth since 2022 in 2025, driven by higher crude output under OPEC+ supply increases and stronger oil-sector activity. SourceContinue Reading
ExxonMobil affiliate Imperial will wind down oil production at its Norman Wells operations in Canada’s Northwest Territories by Q3 2026, marking the end of more than a century of production. SourceContinue Reading
The American Petroleum Institute welcomed a proposed Department of the Interior rule aimed at modernizing federal commingling regulations, citing potential benefits for operational efficiency and responsible resource development. SourceContinue Reading
Texas upstream oil and gas employment rose in December 2025 as extraction and support services added jobs, TIPRO reported, though full-year employment remained largely flat amid market volatility and efficiency gains. SourceContinue Reading
SM Energy Company has completed its all-stock merger with Civitas Resources, Inc., creating a top-10 U.S. independent oil-focused producer with an expanded position across major shale basins, including the Permian. SourceContinue Reading
TotalEnergies and Galp are advancing offshore development plans in Namibia’s Orange basin, with a potential 2026 FID targeted for the Venus discovery and a three-well appraisal program planned at Mopane next year. SourceContinue Reading
Coterra Energy and Devon Energy are in advanced talks on a potential combination that could strengthen their Permian basin footprint and signal renewed consolidation across the U.S. upstream oil and gas sector. SourceContinue Reading
