Upstream news updates

Ellen F. Warren interviews Praveen Shiveswara Sridharamurthy on real-time data, cloud, and AI.

Single-day freeze-off reaches 17 billion ft3 on 25 January 25, approaching Winter Storm Uri levels as intense cold drives historic price spike.

This agreement sets new fiscal terms allowing to increase the production of these concessions that are currently producing around 370 000 boe/d.

Recent actions by the Syrian government could pave the way for increased oil and gas production this year and beyond, according to a recent insight from Wood Mackenzie.

TMC Compressors (TMC) has been awarded a contract by COSCO Shipping Heavy Industry to deliver a complete marine compressed air system to SBM Offshore’s newbuild floating storage and offloading (FSO) unit, Chalchi.

Viridien and SLB have entered into an agreement with the Egyptian Natural Gas Holding Company (EGAS) to launch a massive multi-client ocean bottom node (OBN) seismic acquisition and imaging programme in Egypt’s Eastern Mediterranean offshore.

Investment to fall as Norway projects unwind while UK faces lowest spending in over 50 years.

New P&ID Viewer and Editor bridges decades of legacy documentation with reality capture and BIM to transform decision-making in oil, gas and heavy industry.

PT Elnusa Tbk (Elnusa), Indonesia’s leading integrated energy services company, continues to reinforce its technology and innovation edge by investing in next-generation nodal seismic systems to accelerate onshore exploration activities across the country.

The US’s first US$500 million sale of Venezuelan crude marks a strategic reset in hemispheric energy relations as Latin America and the Caribbean enter a critical investment moment.

The landmark agreement establishes the UK’s first commercial-scale lease of the seabed for permanent offshore CO2 storage and associated pipeline infrastructure, providing a template for future carbon capture and storage (CCS) projects around the UK’s coastline.

Amir Samoiloff, CEO of SIGA, explores how, in cyber incidents, the real operational risk often comes not from immediate physical damage but from the inability to quickly verify the true physical state of assets.

DNV approval validates ModuSpec’s integrated Argus well control assurance platform, paving way for deployment in the Norwegian offshore market.

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.

Electricity demand growth is surging as data centres are becoming the new 'industrial load' of the artificial intelligence (AI) economy, and their electricity consumption is projected to double to 800 - 1000 TWh by 2030.

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

Marine seismic innovations business PXGEO has strengthened its senior leadership team with two key appointments to drive operational excellence across its global operations.

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

Purpose-built for customers: FARO CREAFORM, turning portable and automated dimensional measurement into strategic advantage for manufacturers, and FARO INSIGHT, transforming captured reality into trusted insight for construction, public safety, and geospatial professionals.

His addition to the Board strengthens Sentinel’s strategic leadership as the company continues its global expansion.

This contract marks fifth pre-commissioning scope for offshore Guyana.

Exploration spending faces pressure as industry pivots to strategic acreage deals, giant field redevelopment, and next-generation geothermal commercialisation.

By revitalising existing seismic and well data, this project will advance the understanding and promotion of Malta’s offshore petroleum potential in the Central Mediterranean.