Upstream oil and gas news | Inspenet

Halliburton will support the development of the Bin Umar and Sindbad fields through integrated management, engineering, and digital solutions to increase production in Iraq.

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Chevron shuts down the Petronius platform ahead of tropical storm in the Gulf of Mexico

Ruth Arteaga · July 21, 2026

Chevron suspended Petronius and evacuated its workers as a tropical storm advanced in the Gulf of Mexico.

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Burnham prepares a shift on oil and gas drilling in the North Sea

Ruth Arteaga · July 20, 2026

Burnham considers backing Rosebank and Jackdaw to expand UK offshore oil and gas production.

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ConocoPhillips acquires 42% of BP’s project in Kirkuk

Marcos Medina · July 20, 2026

The US oil company will enter the Kirkuk fields through a 42% stake in BP's subsidiary.

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Halliburton wins LSTK contracts from Aramco for 285 onshore wells

Marcos Medina · July 20, 2026

Halliburton will manage 285 of Aramco's onshore wells through LSTK contracts with an initial term of three years.

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North Sea offshore projects gain momentum

Antonio Zavarce · July 19, 2026

The United Kingdom reconsiders North Sea offshore projects such as Rosebank and Jackdaw to strengthen production, investment, and energy security.

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Tetragon Energy strengthens offshore exploration with seismic surveys in the Philippines

Marcos Medina · July 18, 2026

Tetragon Energy will reprocess over 4,000 km² of seismic data to evaluate its offshore permits in the Philippines.

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Horizontal wells over 3.5 miles long drive a new stage in the Permian

Antonio Zavarce · July 16, 2026

Long-distance horizontal wells are transforming Permian development through ultra-long laterals, new engineering designs, and greater operational efficiency.