INPEX and Formentera Partners have formed a joint venture to accelerate development of shale gas resources in Australia’s Beetaloo basin, marking a step forward in efforts to scale domestic supply and support future LNG exports.
Equinor has started drilling operations for the Raia development in Brazil’s Campos basin, marking a key step forward for one of the country’s largest offshore natural gas projects.
During the third day of CERAWeek by S&P Global 2026, Devon Energy President & CEO Clay Gaspar engaged in a wide-ranging conversation with Raoul LeBlanc, Vice President for Upstream at S&P Global. They touched on his first year in his current position, his operating philosophy, the impact of the recently announced merger with Coterra Energy, and the potential impact of AI.
Condor Energy has identified deep-water turbidite reservoir systems across its Technical Evaluation Agreement (TEA-86) acreage in the Tumbes Basin offshore Peru, following an accelerated programme of integrated subsurface studies. The findings address a key exploration uncertainty and support the company’s application to convert its TEA into an exploration licence contract. The integrated technical programme combined […]
LNG Canada has selected Técnicas Reunidas subsidiary TC Canada E&C to deliver FEED services for Phase 2 of the Coastal Gas Link Pipeline, under consideration in British Columbia, Técnicas Reunidas announced on Thursday. TR Canada E&C’s scope of work covers initial engineering and project design, as well as an assessment of project costs. It will […]
The third day of CERAWeek by S&P Global 2026 started off Wednesday with a fascinating, wide-ranging discussion conducted with U.S. Secretary of the Interior Doug Burgum by interviewer Dan Yergin, Chairman of CERAWeek and Vice Chairman of S&P Global. Given an opportunity from Yergin at the session’s start to frame the discussion, Burgum emphasized the important role […]
Serica Energy has completed its acquisition of a 40% operated interest in TotalEnergies’ Greater Laggan Area (GLA) assets, securing a strategic foothold in the West of Shetland basin and establishing a new operated gas hub on the UK Continental Shelf. The transaction delivers net production of just over 5,000 boed to Serica, alongside operatorship of key infrastructure, including […]
Tenaris has acquired AllTorque’s oilfield division, strengthening its tubular running services and expanding rig floor capabilities aimed at improving well integrity and operational efficiency. The acquisition builds on an existing partnership between the companies and integrates AllTorque’s torque-turn monitoring systems into Tenaris’s Rig Direct® and WISer™ service offerings. The technology provides real-time data during tubular running operations, […]
Iran is maintaining oil exports near prewar levels and capturing higher prices as disruptions in the Strait of Hormuz constrain shipments from other Gulf producers. Exports are estimated at about 1.6 MMbpd in March, largely unchanged from before the conflict, with cargoes continuing to load at Kharg Island and transit the strait. That contrasts sharply […]
Vantage Drilling International reported improved financial results for 2025, supported by stronger offshore activity and a shift to an asset-light, debt-free structure, while securing a new long-term drillship contract to support future earnings. The company posted net income of $40.3 million for the full year, compared to a net loss in 2024, reflecting improved operational performance […]