bp has named Woodside Energy CEO Meg O’Neill as its next chief executive, effective April 1, 2026, as Murray Auchincloss steps down. The leadership change signals a new phase for the supermajor focused on tighter financial discipline and accelerated strategic execution. SourceContinue Reading
DNO ASA has secured North Sea oil offtake agreements with subsidiaries of Exxon Mobil and Shell, unlocking up to $410 million in related financing facilities effective January 2026. The agreements strengthen DNO’s balance sheet and support continued growth amid volatile markets. SourceContinue Reading
Baker Hughes has secured a multi-year contract with Kuwait Oil Company to deploy advanced ESP artificial lift systems integrated with digital production technologies, strengthening its long-standing role in enhancing output from Kuwait’s oilfields. SourceContinue Reading
SBM Offshore has signed a contract extension to continue leasing and operating the FPSOs Mondo and Saxi Batuque on Angola’s Block 15 through 2032, with life-extension and refurbishment work set to begin in 2026. SourceContinue Reading
INEOS has committed £150 million to upgrade and secure the future of its Grangemouth industrial site, backed by UK government support. The investment aims to protect more than 500 jobs, improve efficiency and reinforce the site’s role as a cornerstone of British manufacturing. SourceContinue Reading
Vista Energy is seeking shareholder approval to pursue new acquisitions in Argentina’s Vaca Muerta shale, potentially funded through an equity issuance. SourceContinue Reading
DeepOcean has secured a new long-term IMR frame agreement with Vår Energi, covering subsea inspection, maintenance and repair work across the operator’s Norwegian continental shelf assets through 2030, with options for extension. SourceContinue Reading
Brazil, Guyana and Argentina are set to drive nearly half of global crude oil production growth in 2026, according to the latest EIA outlook, underscoring the rising influence of non-OPEC+ supply from deepwater and shale developments. SourceContinue Reading
MOL Group and SOCAR have signed a new onshore exploration and production sharing agreement in Azerbaijan’s Shamakhi-Gobustan region, with MOL as operator. The deal strengthens their Caspian partnership and sets the stage for seismic work in 2026, followed by future exploration drilling. SourceContinue Reading
Bonterra Energy delivered its strongest Charlie Lake well results to date, announced a $15.7-million bolt-on acquisition in northwest Alberta, and outlined preliminary 2026 guidance targeting up to 16,400 boed as it continues to scale its core Charlie Lake position. SourceContinue Reading
