Upstream news

The Ministry of Energy has awarded Equinor 27 new production licences in this year's Awards in Predefined Areas (APA).

GeoPark Ltd has announced that Repsol’s partner in SierraCol Energy Arauca LLC has exercised its preemptive rights to acquire 25% of Repsol’s interest in Llanos Norte in Arauca Department, Colombia.

Africa Oil Corp. has announced an increase in the group’s direct interest in Block 3B/4B, offshore South Africa, to 18.0%.

A new report by ISG finds that Europe’s oil and gas industry is increasingly leveraging AI to optimise operations across its value chain.

Chevron Corp. has announced the start of oil production from the Whale semi-submersible platform in the deepwater US Gulf of Mexico. Chevron USA Inc., a wholly owned subsidiary of Chevron Corporation, owns 40% working interest in Whale, with Shell Offshore Inc. owning 60% interest as operator.

Projects will span across UK North Sea, Trinidad and Tobago, Gulf of Mexico and others.

In 2024, the Troll field in the North Sea produced more gas than ever before, and emissions were significantly reduced.

PakEnergy, LLC, a provider of business automation and performance optimisation solutions for the energy industry, has announced the acquisition of Petrosight, Inc., a provider of advanced well management software.

The API has voiced concerns over new restrictions on offshore oil and gas development.

Coterra is the first operator to fully automate and control their hydraulic fracturing design and execution.