Business/economics
Assets consolidated into the Searah JV include Eni-operated deepwater gas-condensate developments in the Kutei Basin, offshore East Kalimantan, Indonesia.
Five agreements target more than 11 Tcf of offshore gas and include flare-reduction technology.
Disputes over tanker fees and the ongoing military operation in Lebanon represent potential fault lines for the tentative peace deal.
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Equinor generated its first revenue from the Adura joint venture with Shell, formed in late 2025, highlighting strong early cash flow from key UK fields including Mariner and Buzzard. -
AI‑driven data center growth is straining US power grids and accelerating interest in enhanced geothermal systems as a scalable, low‑carbon solution.
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The acquisition establishes a unified North American upstream analytical data set with the goal of streamlining capital allocation decisions.
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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.
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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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The paper describes the revalidation of a deepwater prospect that resulted in a no-drill decision.
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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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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.
