Beacon Offshore’s Shenandoah field is demonstrating how advanced engineering and production chemistry are enabling reliable output from ultra-high-pressure, deepwater reservoirs. Rapid ramp-up and stable early performance highlight new benchmarks for HPHT development in the U.S. Gulf. SourceContinue Reading

ConocoPhillips says recovering billions from past Venezuela expropriations will take priority over new drilling, highlighting ongoing financial and political hurdles facing foreign investment in the country’s oil sector. SourceContinue Reading

The Independent Petroleum Association of America (IPAA) has promoted Dan Naatz to executive vice president and chief policy officer, strengthening its advocacy for U.S. independent oil and gas producers on federal leasing, methane regulation and permitting reform. SourceContinue Reading

VAALCO Energy has agreed to sell its non-core producing assets in Canada for approximately $35 million, allowing the company to refocus capital on higher-impact drilling and development opportunities across its core portfolio. SourceContinue Reading

Shell reported strong cash generation and upstream resilience in Q4 2025, delivering $26 billion in annual free cash flow, boosting its dividend and extending share buybacks as it continues portfolio high-grading and disciplined upstream investment into 2026. SourceContinue Reading

Kuwait Oil Company and bp have extended their Enhanced Technical Services Agreement through 2029, advancing enhanced oil recovery work and field development support at the giant Greater Burgan field and other key Kuwait assets. SourceContinue Reading

Turkey and Chevron have signed an agreement to jointly pursue global oil and gas exploration and production opportunities, expanding cooperation between the U.S. major and state-run TPAO as Ankara seeks to boost energy security and upstream output. SourceContinue Reading

Oil production growth in South America will continue to be driven by Brazil, Guyana and Argentina through at least 2030, with Venezuela’s recovery constrained by project economics, crude quality and investment risk, according to Rystad Energy. SourceContinue Reading

The 2026 Global Energy Talent Index (GETI) shows the oil and gas sector facing mounting hiring challenges, as an aging workforce, reduced global mobility and slower AI adoption tighten the industry’s talent pipeline. SourceContinue Reading

Chevron and Equatorial Guinea have signed an agreement boosting GEPetrol’s stake in the Aseng gas project, strengthening state participation and supporting expanded gas monetization through existing LNG infrastructure. SourceContinue Reading