Upstream news
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.
TotalEnergies merges its upstream business with NEO NEXT, creating the largest independent oil and gas producer in the UK
TotalEnergies has signed an agreement with NEO NEXT Energy Limited (NEO NEXT) under which TotalEnergies will merge its Upstream business with NEO NEXT and become the leading shareholder in the expanded NEO NEXT, which will be renamed NEO NEXT+, with a 47.5% ownership.
Equinor makes new discoveries in the North Sea
These are Equinor’s largest discoveries so far this year and can be developed for the European market through existing infrastructure.
Wood to help boost gas integration at Equinor’s Snorre field
New US$27 million EPCI contract with Equinor in the Norwegian North Sea.
West Africa’s grid transformation to take centre stage at MSGBC 2025
Regional leaders will examine grid integration, regulatory reforms and investment opportunities shaping West Africa’s evolving power market.
DeepOcean nears completion of Gryphon Alpha FPSO disconnection
Norwegian Ocean services provider DeepOcean is close to finishing a contract from TotalEnergies involving the disconnection and towing of the Gryphon Alpha floating production storage and offloading (FPSO) unit, along with the removal of related subsea infrastructure.
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.
Nigeria: TotalEnergies completes the divestment of its non-operated interest in the Bonga Field
TotalEnergies announces that its subsidiary TotalEnergies EP Nigeria (TEPNG) has completed the divestment of its 12.5% non-operated interest in the OML118 Production Sharing Contract (PSC).