Upstream
SLB OneSubsea to supply subsea pumping system for BP’s Thunder Horse project
BP awarded SLB OneSubsea the supply of a subsea pumping system for the deepwater Thunder Horse project.
Latest Upstream News
Upstream
Shell advances in the Orange Basin with Merlin-1X well results
Shell obtained encouraging results at Merlin-1X, reinforcing the technical appraisal of PEL 0039 in Namibia.
Upstream
Aker BP Johan Sverdrup Gains 2.2 MMboe in the North Sea
Aker BP gains an additional 2.2 MMboe following a redetermination process in Johan Sverdrup.
Upstream
Eagle Ford asset deal: Ensign Energy expands in Texas
Ensign Energy closed an Eagle Ford asset deal linked to ConocoPhillips assets, strengthening its operational position in one of the most productive shale basins…
Upstream
ExxonMobil seeks environmental approval for Haimara in Guyana
Exxon Mobil Guyana Haimara moves toward a new development phase following the application submitted to the EPA to exploit the gas-condensate discovery.
Oil and Gas
Oil Inventories Could Fall to Critical Levels This Summer
The IEA estimates that even if an agreement were reached today to reopen the Strait of Hormuz, normalizing transit could take six to eight…
Oil and Gas
ACG Gas: BP Starts Production, Unlocking Up to 6 Tcf in the Caspian
BP has initiated the first production of non-associated ACG gas in the Caspian Sea's ACG field, with estimated reserves of 4 Tcf and a…
Maritime
Potential Offshore Strike in Norway Threatens North Sea Supply Starting June 5
617 Norwegian offshore workers threaten strike on June 5, 2026, if wage mediation fails. Norway supplies one-third of Europe's natural gas.
Oil and Gas
BP sells 5% of Browse LNG to GS Energy, bringing the project closer to its final investment decision
BP reduces its stake in Browse LNG Australia to 39.33% after selling 5% to South Korea’s GS Energy. The project, valued at US$34.96 billion,…
Upstream
Occidental acquires 10% of Exxon’s offshore block in Trinidad and Tobago
Occidental joins Exxon's UD(1) block in Trinidad as offshore seismic assessment continues.
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