Upstream news
Miros strengthens oil spill detection system with cloud-enabled capabilities
Miros announces a significant update to its Oil Spill Detection (OSD) system.
US crude oil exports reached a new record in 2024
US crude oil exports in 2024 surpassed the previous record set in 2023, exceeding an annual average of 4.1 million bpd. Despite this new record, crude oil export year-over-year growth slowed to 1% in 2024, compared with 14% in 2023 and 21% in 2022.
Shell Offshore announces start of production Dover subsea tieback, Gulf of Mexico
Dover brings an estimated peak production of 20 000 boe/d.
Rystad Energy: significant risk to US operators following tariff announcements
Rystad Energy predicts significant risks to US operators who could be forced to bring down their pace of production growth.
Matador Resources Company announces sale of Eagle Ford assets
Matador Resources Company has announced the sale of its remaining Eagle Ford shale position in South Texas.
Subsea7 awarded contract in the US
Subsea7 has announced the award of a sizeable contract by Shell Offshore Inc. for the Sparta deepwater development in the US.
bp chair announces intention to step down; board launches search for successor
bp has announced that the company's board of directors has initiated a succession process to select a new Chair, after Helge Lund informed the board of his intention to step down in due course.
Rystad Energy: OPEC+ may raise output if US supply disruptions deepen
Markets respond to US ‘Liberation Day’ and recent OPEC+ meeting.
INEOS Energy completes the acquisition of oil and gas assets in US Gulf from CNOOC
INEOS Energy has announced the completion of the acquisition of the US Gulf business held by CNOOC Energy Holdings USA. Inc., a US subsidiary of CNOOC International Limited (CNOOC).
bpTT announces start of production from new Cypre gas project
bp Trinidad and Tobago (bpTT) has confirmed its Cypre development has safely delivered its first gas.