Subsea7 has been awarded a substantial contract by Chevron for subsea flowline and umbilical installation in the Eastern Mediterranean, with engineering work beginning immediately and offshore execution scheduled for 2028. SourceContinue Reading

Perenco has installed the $200-million Kombi 2 platform on Congo’s Kombi-Likalala-Libondo II field, supporting a six-well drilling campaign beginning in 2026 aimed at boosting production and extending field life. SourceContinue Reading

ADNOC Gas reported record 2025 net income of $5.2-billion as domestic gas demand and infrastructure expansion support long-term growth. The company is advancing major UAE gas processing and pipeline projects, with new development FIDs expected in 2026. SourceContinue Reading

Transocean’s $5.8-billion acquisition of Valaris will create one of the world’s largest and highest-spec offshore drilling fleets, signaling renewed confidence in a multi-year offshore upcycle and accelerating consolidation among global drilling contractors. SourceContinue Reading

Cameroon and Equatorial Guinea have signed a unitization agreement to jointly develop the 2.5-Tcf Yoyo-Yolanda gas fields, advancing a long-delayed cross-border project central to regional gas monetization and LNG supply growth in the Gulf of Guinea. SourceContinue Reading

Brazil’s ANP has authorized Petrobras to resume drilling in the Foz do Amazonas offshore frontier following a temporary suspension, reopening one of Brazil’s most closely watched exploration campaigns. SourceContinue Reading

The Texas Railroad Commission assessed more than $1.4 million in enforcement penalties against oil and gas operators and related businesses, reflecting continued regulatory oversight of industry compliance and pipeline safety across the state. SourceContinue Reading

South Africa’s new Upstream Petroleum Resources Development Act seeks to improve legal certainty and attract exploration investment following recent supermajor exits, but questions remain over whether the new framework can revive offshore development. SourceContinue Reading

Canadian crude markets are showing signs of oversupply as widening Western Canadian Select discounts, rising storage incentives and increased competition from Venezuela pressure oil sands producers despite expanded export capacity. SourceContinue Reading

TotalEnergies has agreed to acquire a 42.5% operated interest in Namibia’s offshore PEL104 exploration license, expanding its position in the Lüderitz basin as the company advances development and appraisal activities across its growing Namibia portfolio. SourceContinue Reading