The latest upstream news

The OPEC+ group, comprising eight countries, has agreed to augment its production.

This transaction strengthens Petrobras’ exploratory activities on the African continent, with the purpose of portfolio diversification, and is aligned with the company’s long-term strategy, aiming to replenish oil and gas reserves through exploration of new frontiers and partnership operations.

The GGIP aims to sustainably develop Iraq’s natural resources to improve the country’s electricity supply while contributing to its energy independence and reducing its greenhouse gas (GHG) emissions.

If current trends persist, future energy demand will outpace demand expectations in many scenarios, positioning natural gas as the most scalable and responsive solution to meet growing power needs and stabilise grids.

Operational success, profitability, and customer satisfaction for EU&R companies needs an approach to data collection and analysis that ensures investment decisions are sound and that proposed projects are worthwhile.

Vallourec wins major contract to supply Petrobras with OTCG products from 2026 - 2029.