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…
Latest Upstream News
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.
Upstream
Matador Resources wins 5,154 acres in the Delaware Basin
The acquired lands have access to nine or more different geological formations.
Upstream
bp and ExxonMobil will increase production at the Thunder Horse platform
The project envisions the installation of an underwater pump in the Gulf of Mexico to provide an additional 15,000 barrels per day starting in…
Upstream
Equinor and Aker BP Align Assets to Accelerate Oil and Gas Projects in Norway
Equinor and Aker BP align interests to accelerate key offshore assets on the Norwegian Continental Shelf.
Upstream
QatarEnergy enters Uruguay’s offshore sector with three exploration blocks
QatarEnergy adds stakes in three Uruguayan offshore blocks alongside Shell, APA Corporation, and Chevron.
Upstream
Santos begins oil production at Alaska’s Pikka project
The Pikka project has started oil production in Alaska and expects to reach 80,000 barrels per day during the third quarter.
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