Business/economics
Corporate consolidation and foreign buyers helped drive $38 billion in upstream deals in the first quarter of 2026.
The top three bidders in the latest lease sale by the US federal government paid a combined $3.9 billion.
US Energy Information Administration data sees the country’s energy production jump 3.4% over 2024 levels. Additionally, the EIA predicts industrial natural gas consumption to hit records in 2026 and 2027.
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Opening day remarks from President Mohamed Irfaan Ali framed fossil fuels and renewables as parallel systems amid rising demand and structural supply pressures. -
The UAE will prioritize national interests and production flexibility, setting up implications for OPEC’s market power, oil, prices, and global supply dynamics.
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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.
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Operators aren’t rushing to drill, even as the closure of the Strait of Hormuz drives oil prices up.
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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.
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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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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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The paper describes the revalidation of a deepwater prospect that resulted in a no-drill decision.
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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.
