Upstream drilling news
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.
bp starts up seventh major project of 2025
bp has successfully delivered first oil from the Atlantis Drill Center 1 expansion.
Wood Mackenzie: Five mega-trends reshaping the global energy and resources landscape in 2025
Wood Mackenzie releases five charts that spotlight the most significant trends reshaping the sector globally.
EIA launches STEO modernisation; revises natural gas forecast on cold snap
The Energy Information Administration (EIA) announced plans to modernise its core short-term forecasting system.
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.
Jasmine Energy raises US$25 million in a bond issue for Oman drilling campaign
Rex International Holding Ltd, together with its subsidiaries, is pleased to announce that its subsidiary, Jasmine Energy Ltd (JEL), has successfully raised US$25 million in senior secured bonds with a three-year tenor.
Wood to help boost gas integration at Equinor’s Snorre field
New US$27 million EPCI contract with Equinor in the Norwegian North Sea.
Equinor plans to drill 250 oil and gas wells in Norway by 2035
Equinor CEO Anders Opedal said the move aligns with expectations of continued global demand for fossil fuels.
Gulf of Suez oil discovery to add 3000 bpd to Egypt's production
This development is part of a sequence of recent achievements in Egypt’s oil and gas exploration activities.
Eni and PETRONAS sign investment agreement to establish new JV Satellite Co. in Indonesia and Malaysia
The agreement follows the Framework Agreement signed by the two companies on 17th June 2025 and establishes a new entity that will manage 19 assets: 14 in Indonesia and five in Malaysia - representing significant enterprise value.