Equinor awarded 35 new production licenses on the Norwegian continental shelf
Equinor has been awarded 35 new production licenses by the Ministry of Energy in this year's APA, Awards in Predefined Areas.
Drilling & production
What the Venezuela regime change means for oil production, crude and product markets
Venezuelan production recovery faces decade-long timeline despite near-term supply gains, Wood Mackenzie finds.
Eni announces a significant gas discovery in the Kutei Basin in Indonesia
Estimates indicate 600 billion ft3 of gas initially in place (GIIP) with a potential upside beyond 1 trillion ft3.
Congo’s upstream expansion signals new era for Central Africa’s energy future
With Congo LNG Phase 2 starting operations, Congo is gearing-up for accelerated upstream growth.
Wood Mackenzie highlights four US Lower 48 themes to look for in 2026
US Lower 48 rig count to fall below 500 while gas assets drive M&A rebound in 2026.
Africa needs US$375 billion to develop natural gas sector, says Society of Petroleum Engineers (SPE)
With 17 high impact wells completed in 2025, Africa will need significant investment to support natural gas demand in the near-medium term.
Saipem: third extension of contract with Aker BP for Scarabeo 8 for offshore drilling activities in Norway into 2028
Saipem announces that Aker BP has exercised a new option to extend the contract for the semi-submersible drilling unit Scarabeo 8, prolonging its deployment for an additional year.
More Drilling & production news
TWMA introduces a new era of Drill Cuttings Treatment in the United Arab Emirates
Introducing a new era of Drill Cuttings Treatment in the United Arab Emirates as TWMA begins operations at its newly constructed treatment facility in Habshan, Abu Dhabi.
Shell invests in Kaikias waterflood to unlock production in Gulf of Mexico
Water will be injected to displace additional oil in the reservoir formation which supplies production to Shell’s Ursa platform in the Mars Corridor.
DeepOcean selected as Vår Energi’s IMR partner
The contract has a firm duration of five years, running until end of October 2030, with options to extend for up to an additional four years.
WFW advises Borr on US$360 million acquisition of five premium jack-up rigs from Noble
Watson Farley & Williams advised Borr Drilling Limited on the acquisition.
bp starts up seventh major project of 2025
bp has successfully delivered first oil from the Atlantis Drill Center 1 expansion.
Rystad Energy: US shale braces for next consolidation wave as smaller players seek scale
New wave of consolidation is coming for small- and medium- sized US shale producers.
TotalEnergies concludes agreement with Galp to enter as operator in the prolific PEL 83 license, including the Mopane discovery
TotalEnergies and Galp agreed to launch an exploration and appraisal campaign including three wells over the next two years, with a first well planned in 2026, to further derisk resources and progress diligently toward the development of the Mopane discovery.
ProSep continues Middle East growth trajectory through New Saudi Order
Demonstrating its commitment to helping operators achieve higher production performance in the Middle East, ProSep, a provider of field-proven process separation solutions, has announced receipt of a new contract for its proprietary mixing technology.