Shale giant Diamondback Energy says fears of a global oil glut are easing as demand remains resilient, even as the Permian producer tests deeper drilling zones. 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
Vaalco reports 2,000-bopd initial production from its Etame well offshore Gabon while advancing a 102-MMboe Côte d’Ivoire project that could reshape its West Africa growth profile. SourceContinue Reading
Infinity increases its stake in the $1.2-billion Antero Ohio Utica acquisition after securing $350 million in strategic equity, positioning the Appalachian producer for further consolidation. SourceContinue Reading
Iraq approves agreement transferring West Qurna 2 field operations from Lukoil to Basra Oil Company, reshaping control of a 460,000-bpd upstream asset with 14 Bbbl in reserves. SourceContinue Reading
After $37.8 billion in 2025 oil patch deals, analysts say Canada’s oil sands sector could be next in line for a transformational mega merger as pipeline pressure and pricing volatility reshape strategy. SourceContinue Reading
Seatrium expects more than S$50 million in annual cost savings after divesting non-core yards and marine assets, streamlining its offshore oil and gas portfolio by early 2026. SourceContinue Reading
ORLEN expands its Norwegian Continental Shelf footprint with new equity in Albuskjell and Vest Ekofisk, advancing the Ekofisk-area PPF project targeting first gas in 2028. SourceContinue Reading
Iraq approves agreement transferring West Qurna 2 field operations from Lukoil to Basra Oil Company, reshaping control of a 460,000-bpd upstream asset with 14 Bbbl in reserves. SourceContinue Reading
SOCAR and Gran Tierra Energy sign a production sharing agreement for exploration and development of a Guba-Caspian onshore block in Azerbaijan, with Gran Tierra as 65% operator. SourceContinue Reading
