ExxonMobil affiliate Imperial will wind down oil production at its Norman Wells operations in Canada’s Northwest Territories by Q3 2026, marking the end of more than a century of production. SourceContinue Reading
The American Petroleum Institute welcomed a proposed Department of the Interior rule aimed at modernizing federal commingling regulations, citing potential benefits for operational efficiency and responsible resource development. SourceContinue Reading
Texas upstream oil and gas employment rose in December 2025 as extraction and support services added jobs, TIPRO reported, though full-year employment remained largely flat amid market volatility and efficiency gains. SourceContinue Reading
SM Energy Company has completed its all-stock merger with Civitas Resources, Inc., creating a top-10 U.S. independent oil-focused producer with an expanded position across major shale basins, including the Permian. SourceContinue Reading
TotalEnergies and Galp are advancing offshore development plans in Namibia’s Orange basin, with a potential 2026 FID targeted for the Venus discovery and a three-well appraisal program planned at Mopane next year. SourceContinue Reading
Coterra Energy and Devon Energy are in advanced talks on a potential combination that could strengthen their Permian basin footprint and signal renewed consolidation across the U.S. upstream oil and gas sector. SourceContinue Reading
Coterra Energy and Devon Energy are in advanced talks on a potential combination that could strengthen their Permian basin footprint and signal renewed consolidation across the U.S. upstream oil and gas sector. SourceContinue Reading
Private equity firm Carlyle Group has agreed to acquire most of Lukoil PJSC’s international oil and gas assets in a transaction structured to comply with U.S. sanctions, excluding Kazakhstan and subject to regulatory and OFAC approvals. SourceContinue Reading
Condor Energies Inc. reported progress on its multi-well drilling campaign in Uzbekistan, including a record-length horizontal well with strong gas shows, while announcing the sale of its Turkish gas assets to sharpen its strategic focus in Central Asia. SourceContinue Reading
Subsea7 has been awarded a substantial offshore contract in Germany, valued between $150 million and $300 million, for the Gennaker offshore wind project. Subsidiary Seaway7 will transport and install 63 monopiles and transition pieces, with offshore activities scheduled to begin in 2027. SourceContinue Reading
