Business/economics
Ultradeepwater prospects along the northern coast of Brazil could help offset decline in legacy basins, though permitting hurdles remain a wild card.
Output is rising fast in the South American shale play and putting Argentina on a course to soon reach 1 million B/D.
The next wave of unconventional growth will likely come from basins in Argentina, the Middle East, Australia, and elsewhere, fueled by expertise gained from shale plays in North America.
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The supermajors are seeking new US licenses to develop cross-border natural gas fields. -
The country’s state oil company has signed agreements with SLB and TotalEnergies to work on production.
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Enverus projects 2026 activity aimed at gaining access to gas along the Gulf coast and disaggregation of assets.
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Big projects are expected to add oil and gas to the energy mix in some regions while maturing basins contribute to drops in other areas.
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Rystad Energy expects the continent to account for the largest share of frontier and basin-opening wells in 2026 as operators pursue scale and untapped resources.
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The all-stock transaction will create one of the largest shale producers in the US, anchored by a major Delaware Basin position.
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Ongoing seismicity concerns and orphan well risks are pushing operators and regulators to explore alternatives for managing produced water.
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The agency also requests feedback related to interest in a possible minerals lease sale offshore Alaska.
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A final investment decision is also expected by the end of the year for the company’s first low-carbon data center project.
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Among the awards are contracts for four currently idle deepwater rigs.
