Upstream news updates

The project has achieved a MiQ Grade A rating, following an independent audit of its operational practices and measured methane emissions data by Intertek, a global leader in Total Quality Assurance.

The strategic move strengthens Elemental Energies’ existing subsurface capability, creating an integrated and unrivalled team spanning geoscience, reservoir engineering, geochemistry and petroleum engineering.

Under the agreement, Aquaterra Energy will deliver a subsea well access solution to support intervention and abandonment activities across 11 wells located offshore Spain.

Building on the momentum from Subsea Expo and the Minister’s visit, SABA will lead a trade delegation to Egypt in April 2026 in partnership with The EIC.

TotalEnergies has signed agreements to acquire a 42.5% operated interest in PEL104 Exploration license, located offshore Namibia, from Eight Offshore Investments Holdings (Eight) and Maravilla Oil & Gas.

The incident did not impact pipeline operations or the company’s ability to meet contractual obligations.

The project increases affordable, reliable gas for Israel, Egypt and Jordan.

Baker Hughes launches Kantori™, a unified digital autonomous well construction solution.

Rex International Holding Ltd, together with its subsidiaries, has announced that a discovery has been made in the “Knockando Fensfjord” prospect in the Brage Field.

In the oil and gas sector, the management of hydrogen sulphide (H2S) is a perpetual balancing act. For years, MEA-triazine has been the industry workhorse – efficient, cost-effective, and generally well-understood. However, as operators push for greater efficiency and contend with varying production environments, the chemical landscape has shifted. The reliance on standard MEA-triazine has evolved into a more complex mix of chemistries, including methylamine (MMA-triazine) and monoisopropanolamine (MBO) formulations.

Sarens and its subsidiary in Nigeria, Sarens Buildwell, has positioned itself as the optimal strategic partner for the oil and gas sector due to its strong commitment to the highest international standards of safety and operational excellence.

Subsea7 today announced the award of a sizeable* contract by Shell for the Kaikias Waterflood project. The Kaikias field is a deepwater development in the Mars-Ursa Basin, approximately 210 km off the Louisiana coast in the US.

Patrick Pouyanné, Chairman and CEO of TotalEnergies, met in Afungi with His Excellency Daniel Chapo, President of the Republic of Mozambique, and have announced together the full restart of Mozambique LNG project activities.

The rig will be used by MOL to perform drilling of three development wells in the offshore Yumna Field in Block 50, Oman.

Petrobras discloses its proved reserves of oil, condensate and natural gas, according to SEC (US Securities and Exchange Commission) regulation, estimated at 12.1 billion boe, as of December 31, 2025.

As Angola reinvigorates its onshore basins through regulatory reform and flexible licensing, independent oil and gas companies are stepping forward to drive a new wave of inland exploration and production growth.

Superior Energy Services announces entry into definitive agreements to acquire Abaco Energy Technologies.

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.