Drilling & production

Chevron’s South N’dola Platform in Angola delivered first oil in December. The milestone comes just over two years after construction on the platform began.

Petrobras announces that, in 2025, its oil production reached 2.40 million bpd, exceeding the upper limit of the target (+4%) set in its 2025 - 2029 Business Plan by 0.5 percentage points.

CNR International fined £250 000 for excessive venting; NEO fined £100 000 for attempting well abandonment without consent.

Equinor has been awarded 35 new production licenses by the Ministry of Energy in this year's APA, Awards in Predefined Areas.

Venezuelan production recovery faces decade-long timeline despite near-term supply gains, Wood Mackenzie finds.

Estimates indicate 600 billion ft3 of gas initially in place (GIIP) with a potential upside beyond 1 trillion ft3.

With Congo LNG Phase 2 starting operations, Congo is gearing-up for accelerated upstream growth.

US Lower 48 rig count to fall below 500 while gas assets drive M&A rebound in 2026.

With 17 high impact wells completed in 2025, Africa will need significant investment to support natural gas demand in the near-medium term.

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.

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.

Water will be injected to displace additional oil in the reservoir formation which supplies production to Shell’s Ursa platform in the Mars Corridor.

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.

Watson Farley & Williams advised Borr Drilling Limited on the acquisition.

bp has successfully delivered first oil from the Atlantis Drill Center 1 expansion.