Business/economics
Talos Energy founder Tim Duncan has been named executive chairman of newly formed 1947 Oil&Gas, which will focus on acquiring and developing mature, shallow-water assets through its buyout of Renaissance Offshore. The deal is expected to close in Q2 2026.
Operators aren’t rushing to drill, even as the closure of the Strait of Hormuz drives oil prices up.
The paper describes the revalidation of a deepwater prospect that resulted in a no-drill decision.
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Drilling experts recently shared candid views on what will be required for their segment of the upstream business to move to the next stage of development. -
EQT is benchmarking its way to basin-leading productivity and relying on partnerships and new technology to turn KPIs into operational reality.
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In partnership with OTC 2026, Rystad Energy has shared its latest outlook for the offshore sector and the role it is expected to play in supplying low-cost barrels through 2050.
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The oilfield service company said its emissions reductions are thanks in part to the increased use of renewable energy and operation efficiencies.
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The companies also agreed to collaborate on new AI models to unlock further insights from S&P Global Energy’s upstream data.
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After tracking ARC Resources for more than 2 years, Shell is buying the company to access its tier-one Montney assets.
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Saipem can begin early subsea engineering on ExxonMobil’s Longtail project in Guyana under a Limited Notice to Proceed, while the operator awaits final investment decision and government sign-off.
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A Dallas Fed survey update suggests few executives foresee a strong US production response, even with oil prices above $90/bbl.
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Under the agreement, Trafigura will pay Gabon $1 billion for future crude export deliveries over 7 years.
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The country’s foreign investment bid comes as Sonatrach launches its largest capital expenditure outlay—$60 billion to be spent from 2026 to 2030.
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