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Oil and Gas

Santos begins continuous oil production at the Pikka project in Alaska

Joshua Falcón · June 25, 2026

The Australian company is operating with an initial output of 20,000 barrels per day and expects to reach 80,000 barrels in the third quarter…

Oil and Gas

Petrobras and Pemex Sign a Strategic Agreement for Hydrocarbon Exploration and Production

Joshua Falcón · June 25, 2026

The state-owned oil companies of Brazil and Mexico sign a two-year memorandum of understanding to develop joint projects in the Gulf of Mexico.

Oil and Gas

MODEC to Supply SOFEC Mooring System for Coral North FLNG

Marcos Medina · June 25, 2026

MODEC to deliver SOFEC system to stabilize FLNG operations in the Rovuma Basin.

Oil and Gas

BP acquires a 10% stake in ADNOC’s Bab Gas Cap project in Abu Dhabi

Ruth Arteaga · June 25, 2026

BP joins ADNOC's Bab Gas Cap project to expand gas and condensate production in Abu Dhabi.

Environment

Global gas flaring reaches its highest level in six years

Antonio Zavarce · June 25, 2026

The World Bank report highlights a growing infrastructure gap to capture, process, and monetize associated gas, reinforcing investment opportunities in gathering, compression, processing, LNG,…

Oil and Gas

Europa Oil & Gas extends the farm-out agreement deadline in Equatorial Guinea for Block EG-08

Joshua Falcón · June 24, 2026

The company extends the deadline to July 31, 2026, while awaiting final approval to begin drilling in 2027.

Oil and Gas

Saipem sells drilling business in Saudi Arabia to ADES

Marcos Medina · June 24, 2026

Saipem agreed to sell its shallow water drilling business to ADES for $285 million.

Oil and Gas

Petronas adds 1 billion barrels of gas to its Suriname gas discovery

Marcos Medina · June 24, 2026

Suriname's Block 52 surpasses 1 billion barrels of oil equivalent after a new gas discovery by Petronas.

Oil and Gas

Offshore strike in Norway escalates, affecting key operations

Antonio Zavarce · June 24, 2026

The labor dispute affecting well service workers continues to intensify after negotiations for a new collective agreement failed to reach definitive results.