Saipem said it will not complete its planned acquisition of the Deep Value Driller drillship after the vessel’s owner decided to proceed with a sale to another buyer, and the company is now considering potential legal action to protect its interests. SourceContinue Reading

Velesto Energy has secured a $16.5-million drilling contract from Jadestone Energy to deploy the NAGA 8 jackup for infill drilling at the East Belumut field offshore Malaysia, supporting Southeast Asia upstream activity and regional rig utilization. SourceContinue Reading

The Philippines may consider partnering with China or other foreign investors to advance development of the stalled Reed Bank gas field in the South China Sea, as the country seeks new supply to offset declining output from the Malampaya field. SourceContinue Reading

Angola’s state oil company Sonangol is continuing preparations for a potential IPO, despite being removed from the country’s current privatization list. The listing remains a key part of Angola’s strategy to improve transparency and attract foreign investment. SourceContinue Reading

MCM Energy Partners has completed its acquisition of Delaware basin oil and gas assets from Battalion Oil, expanding its Permian basin footprint in Ward County, Texas. The deal adds operated inventory, production and development upside across multiple benches. SourceContinue Reading

Ovintiv is directing nearly $2.3 billion in 2026 capital toward its Permian and Montney assets, targeting up to 275 net wells and increased oil output from its core North American basins. SourceContinue Reading

ExxonMobil says rapid production growth in Guyana is strengthening its hand in negotiations for the next generation of global oil projects as competition for reserves intensifies. SourceContinue Reading

Technip Energies has secured a contract to advance the Coral Norte FLNG project offshore Mozambique, reinforcing the country’s second floating LNG development in the Rovuma basin. SourceContinue Reading

Murphy Oil has plugged the Caracal-1X exploration well as a dry hole offshore Côte d’Ivoire but plans to proceed with the Bubale-1X prospect in its three-well West Africa campaign. SourceContinue Reading

CH4 Systems has formed a strategic alliance with Venezuelan partners to create a compliant pathway for U.S. energy companies to restore oil and gas infrastructure, aligning with new U.S. governance and sanctions guidelines. SourceContinue Reading