Upstream oil and gas news | Inspenet

Petrobras identified oil and gas at the Morpho exploration well in Foz do Amazonas as drilling continues to assess the potential of Brazil’s Equatorial…

Upstream

Nigeria revives oil and gas projects with tax incentives

Moises Carrasquero · August 16, 2026

Nigeria is implementing new tax incentives to revive deepwater oil and gas projects and attract international investment.

Upstream

Sable plans to restart the Hondo platform in September

Moises Carrasquero · August 16, 2026

Sable plans to reactivate Hondo in September as part of the increase in oil production from the Santa Ynez Unit in California.

Oil and Gas

ADNOC Gas Awards $4.04 Billion EPC Contract to Expand Habshan

Antonio Zavarce · August 14, 2026

ADNOC Gas will expand Habshan through a $4.04 billion EPC contract covering a new gas processing train, deep NGL recovery and a 220 kV…

Upstream

Seadrill adds $200 million in offshore drilling contracts

Moises Carrasquero · August 14, 2026

Seadrill expands its portfolio with new contracts for three offshore drilling units in the US Gulf and Malaysia.

Upstream

Equinor awards SLB offshore stimulation services in NCS

Moises Carrasquero · August 14, 2026

Equinor hires SLB to expand offshore stimulation and modernize the MV Island Captain for future developments in the NCS.

Upstream

Petrobras exceeds its goals with an additional 200,000 barrels per day

Moises Carrasquero · August 14, 2026

Petrobras exceeds its production forecasts by 200,000 barrels per day supported by greater efficiency and the FPSOs of Búzios.

Oil and Gas

AI in Oil Exploration Identifies 4 Opportunities in Guyana

Antonio Zavarce · August 14, 2026

AI in oil exploration helped ExxonMobil identify four opportunities in Guyana’s Stabroek Block using seismic analysis and advanced subsurface technologies.