SLB has been awarded a $1.5 billion, five-year integrated development contract by Kuwait Oil Company for the next phase of the Mutriba field, covering HPHT and sour reservoirs. SourceContinue Reading
World Oil marked a milestone in its annual Forecast Breakfast series on Friday, celebrating 100 years of forecasting and its 58th Forecast Breakfast event, with industry leaders offering a clear-eyed view of global energy demand, U.S. shale productivity, regulatory challenges and the year ahead for drilling activity. SourceContinue Reading
Namibia’s push toward first oil is being driven by partnerships and dealmaking across its offshore basins. Farm-ins, portfolio reshuffling and joint appraisal programs at Venus and Mopane highlight growing confidence in the country’s deepwater potential as operators work to de-risk projects and accelerate development timelines. SourceContinue Reading
The Energy Workforce & Technology Council welcomed new U.S. Department of the Interior action aimed at supporting oil and gas production on federal lands, citing workforce and energy security benefits. SourceContinue Reading
Flowco Holdings agreed to acquire Valiant Artificial Lift Solutions for about $200 million, expanding its ESP and artificial lift capabilities across the Permian basin. SourceContinue Reading
Siemens has opened its first Digital Industries Software office in Saudi Arabia, expanding local support for energy, industrial manufacturing, mobility and infrastructure projects as the Kingdom advances its Vision 2030 digital transformation strategy. SourceContinue Reading
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
