Onshore
News
March 12, 2026
Rex International reported average February production of 10,300 boed from assets in Norway, Oman and Germany, with the Brage field offshore Norway contributing the majority of output.
News
March 12, 2026
JERA has agreed to transfer its equity interests in Australia’s Gorgon and Ichthys LNG projects to MidOcean Energy as part of a portfolio realignment while maintaining LNG procurement from both facilities.
News
March 12, 2026
TotalEnergies has restarted production at Libya’s Mabruk oil field with a new 25,000-bpd facility, marking the return of output from the onshore field after operations halted in 2015.
News
March 11, 2026
Battalion Oil has agreed to acquire 7,090 net acres in Ward County, Texas, expanding its Monument Draw position in the Permian basin and adding new drilling locations targeting the Wolfcamp and Bone Spring formations.
News
March 03, 2026
Argentina has expanded its RIGI tax incentive program to include Vaca Muerta shale oil wells, a move expected to accelerate upstream investment and boost development returns by up to 12%, according to analysts.
News
March 02, 2026
WhiteHawk Energy has agreed to acquire 150,000 gross acres of Haynesville shale mineral and royalty interests, including 500 producing wells and 1,000 development locations.
News
February 26, 2026
bp is expanding U.S. shale drilling through its bpX Energy unit, targeting 8% production growth in 2026 and up to 650,000 boed by 2030 as the company seeks to reverse declining output and strengthen its upstream portfolio.
News
February 26, 2026
Aramco has started unconventional gas production at the Jafurah shale field and launched the Tanajib Gas Plant, advancing its plan to expand Saudi gas production capacity by approximately 80% by 2030.
News
February 24, 2026
Shale giant Diamondback Energy says fears of a global oil glut are easing as demand remains resilient, even as the Permian producer tests deeper drilling zones.
News
February 24, 2026
Vaalco reports 2,000-bopd initial production from its Etame well offshore Gabon while advancing a 102-MMboe Côte d’Ivoire project that could reshape its West Africa growth profile.
News
February 23, 2026
Iraq approves agreement transferring West Qurna 2 field operations from Lukoil to Basra Oil Company, reshaping control of a 460,000-bpd upstream asset with 14 Bbbl in reserves.
News
February 23, 2026
SOCAR and Gran Tierra Energy sign a production sharing agreement for exploration and development of a Guba-Caspian onshore block in Azerbaijan, with Gran Tierra as 65% operator.
News
February 23, 2026
Pertamina and Halliburton sign an MOU to evaluate multi-stage hydraulic fracturing, acid stimulation and AI-driven drilling technologies aimed at revitalizing mature upstream fields in Indonesia.
News
February 18, 2026
SM Energy has agreed to sell 61,000 net acres and 260 producing wells in South Texas to Caturus Energy for $950 million, with proceeds expected to reduce debt and strengthen its balance sheet.
News
February 17, 2026
Ovintiv has agreed to sell its Anadarko basin assets in Oklahoma for $3 billion, marking a major portfolio shift as the company focuses on core Permian and Montney positions.
News
February 12, 2026
JERA has completed its $1.5-billion acquisition of Haynesville shale gas assets in Louisiana, expanding its U.S. upstream and LNG-linked portfolio and strengthening its long-term investment across the Gulf Coast energy sector.
News
February 12, 2026
YPF, Eni and XRG have signed a joint development agreement to advance the 12-MMtpa Argentina LNG project linked to the Vaca Muerta shale, targeting FEED work and a potential final investment decision in 2026.
News
February 10, 2026
Senegal’s national oil company Petrosen plans a $100-million onshore exploration campaign aimed at unlocking new crude discoveries and expanding the country’s upstream potential beyond recent offshore developments.
News
February 09, 2026
Interoil has completed its exit from conventional operations in Argentina, divesting Santa Cruz Sur and La Brea assets as it shifts focus toward non-conventional opportunities and disciplined capital allocation.
News
February 02, 2026
Devon Energy and Coterra Energy have agreed to a $58-billion all-stock merger that will create one of the largest shale producers in the U.S., anchored by a dominant position in the Delaware basin.
Article
January
The recent innovation of simulfracing—pumping into multiple wells simultaneously—is yielding significant benefits and could be a step-change in how the industry operates. Up to 30% of U.S. frac crews may be using this method.
