Business/economics
US oil executives say large-scale investment in Venezuela will depend on governance reforms and sustainable legal protections.
The agreement requires the partners to conduct their own proprietary 3D survey of Block 8 in hope of zeroing in on the sweet spot that eluded the TotalEnergies-led consortium when it drilled a dry hole in an adjacent block in 2023.
The London-headquartered independent acquires position in the US Gulf while preparing Zama for final investment decision.
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Data and impartial viewpoints can help de-risk exploration portfolios and keep resource estimates in check. -
Alaskan oil is entering a renaissance driven by a predicted 13% upswing in 2026 production, the largest since the 1980s, and a possible reboot of LNG exports to Asia from the Kenai Peninsula, supplied via pipeline from the North Slope.
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Of the total approved by ADNOC’s board, $50 billion will be invested in Canada under a framework agreement targeting projects in AI, energy, and mining.
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Westwood Energy analysts suggest operators have an opportunity to secure rigs at lower rates for their 2027 drilling programs.
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Proposed and final notices of sale represent nearly 80 million acres in the Gulf of Mexico and approximately 1 million acres in Alaska’s Cook Inlet.
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The US and UK sanctioned Russian independent Lukoil International and state-owned Rosneft in a bid to pressure Russia over Ukraine.
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Ranger acquires American Well Services for $90.5 million, adding 39 workover rigs and boosting its fleet by 25%.
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Even as industry faces policy and tariff uncertainty, companies view spending on digital transformation as a driver of efficiency.
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In lifting force majeure, TotalEnergies says it will restart construction on its Mozambique LNG project as soon as the government agrees to a revised budget and schedule that targets shipping first product in 2029.
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A new Eni/Petronas venture is targeting 500,000 BOE/D in output from combined upstream portfolios across Malaysia and Indonesia.
