Asset Management

The power-purchase agreement (PPA) marks largest enhanced geothermal PPA and is expected to accelerate the delivery of continuous, carbon-free power from the Cape Station GeoCluster in Utah.

Increased capacity from new terminals and expansions drove up exports of liquefied natural gas at the quickest rate since 2016.

While discussions on the commercial terms for gas sales continue, the release of the jackup rig intended to drill production wells calls into question Shell’s plans for first gas in 2027.

As Egypt’s largest oil and gas investor, Eni is ramping up its 2026–2027 drilling campaign with new investments cross the Mediterranean offshore, Nile Delta, Western Desert, and offshore Sinai to strengthen the country’s role as a regional gas and LNG export hub.

The deal hands Diversified nearly 500 gross operated wells producing 68,000 BOE/D.

The deals, with a potential value exceeding $3.7 billion, are aimed at strengthening Saudi Aramco’s supply chains and expanding its use of industrial artificial intelligence.

The supermajor expects output to double to about 600,000 B/D as a result of a new agreement with one of its joint ventures in Venezuela.

Brownfield redevelopment and new exploration projects could lift Venezuelan output above 2 million B/D by next decade.

Oil prices are high, but spending has not caught up—yet. Meanwhile, exploration strategies are changing around the world toward a lower-risk model, and the frenzied pace of US M&A has very much cooled off.

This energy roundup highlights major global developments, including Western Australia’s approval of Woodside’s Browse gas project, TotalEnergies’ FID for Cyprus’ first gas development, and new oil and gas discoveries offshore Colombia, Namibia, and Angola. Read the latest updates on LNG projects, exploration successes, seismic surveys, and strategic upstream investmen…