Upstream

Adura resubmits emissions statements for UK's contentious Rosebank and Jackdaw fields Development consent process for Rosebank and Jackdaw fields has become a political lightning rod in recent years

Russia declares breakthrough in LNG compressor manufacturing capability Moscow continues to develop two large LNG projects despite European Union plans to fully halt Russian gas imports by end of 2027

OMV remains bullish on Black Sea and Norway after exploration setbacks OMV executive vice president for energy Berislav Gaso tells Upstream the company remains “very enthusiastic” about exploration in Black …

CCS costs must drop by at least 30%, says Galp technology chief Marco Ferraz tells Upstream panel that modularisation is key to reduce cost of capture

Iraqi Kurdistan field remains offline after US-Iran peace deal Gulf Keystone Petroleum says it is working with stakeholders to secure safe restart

Valeura Energy boosts Thai oil production Increased flow rates after drilling and workover campaign at Nong Yao field

Socar to explore Saudi-based group's financing options for energy projects Socar agrees MoU with Islamic Corporation for the Development of the Private Sector to consider suitable developments

$400 million investment approved for Norway's largest gas field New wells and subsea equipment required to maintain high production at Troll

Excited new owner at Barents Sea field sees production lifting off Orlen Upstream Norway has agreed to acquire 20% of Goliat oilfield

Chinese energy regulator urges higher investment in oil and gas infrastructure Chinese regulator says oil and gas infrastructure built over past five years has strengthened country's ability to withstand geopolitical …

Suriname receives first offer for deepwater block in bid round Open-door offering will roll for two years until November 2027

US firm files arbitration against Brazilian player over deepwater field rights Westlawn argues Ecopetrol move for control of Brava could trigger right of first refusal over Atlanta

Laden QatarEnergy LNG carrier heads through Strait of Hormuz in open view Vessels in ballast muster outside Middle East Gulf following US-Iran deal poised for Qatari export restart

Petrobras evaluates gas giant Jupiter with ‘fresh set of eyes’ Brazilian company trying to cut redundancies to make project economically viable

Alison-Madueke acquitted of bribery Jury in London court cleared former Nigerian petroleum minister of six charges of bribery

German energy minister unwilling to let TotalEnergies return offshore wind sites Katherina Reiche reportedly insists that bids entered are legally binding contracts as oil firms seek to give back several …

Equinor eyes Angola exploration wells after 'deepening' portfolio Norwegian player's head of exploration outlines drilling plans in Angola, Brazil and Argentina

'Here to stay': Middle East upstream investment set to weather recent challenges Close to $100 billion worth of greenfield projects are in the pipeline in the Middle East, while repair …

Norwegian operator takes FID on North Sea wells project Balder Next New Wells project comprises a first-phase development of seven new wells

US-Iran peace deal reopens Strait of Hormuz and restarts Iranian oil sales MoU between Iran and US sees quick oil sanctions relief but leaves future of Strait of Hormuz an …

BP lines up contractor for West of Shetland decommissioning gig DeepOcean will support decommissioning and recycling of subsea equipment at UK supermajor’s Foinaven field

Equinor partnership agrees to concept on large cluster project Ringvei Vest will commercialise seven discoveries in Norway's Troll-Fram area

Rush of corporate deals in Norway as companies boost their positions Vaar Energi leads deals with four other companies on the NCS

Sao Tome targets fast-track conclusion to licensing round Head of petroleum agency tells Upstream production sharing contracts could be finalised by end of 2026

Timor-Leste's $20 billion-plus LNG project gathering steam Dili to offer favourable terms for new PSC on the understanding Sunrise's gas lands on its soil

Seismic sector eyes rebound as explorers widen search for new barrels Oil supply shortfall by 2050, energy security concerns and surging crude prices among factors pointing to future increase in …

EU set to miss 2030 CCS targets, says WoodMac Fragmentation of value chain major stumbling block in scaling CCS capacity

Trump defends Iran deal, admits planned payouts to Tehran The agreement frees traffic through the Strait of Hormuz and makes Tehran eligible for reconstruction payments

SLB lays out planned shift toward primary digital strategy to investors SLB chief executive Olivier Le Peuch tells investors 'we are becoming a digital-first company'

Turkey and Iraq at loggerheads over extension of oil pipeline agreement - report Ankara insists a new agreement between the two governments has to replace the expiring oil export transit …

IEA sees huge crude oil supply overhang in store for 2027 Big gap in oil supply vs. demand presents an opportunity to restock strategic reserves, IEA says

Strait of Hormuz crisis sounds echoes of 1973 Impact of effective closure of Strait of Hormuz bears similarities with Opec oil embargo - but this time gas is a critical …

Ensco hit with tenth UK safety notice in five years Two men have fallen to their deaths from Valaris rigs in the UK North Sea since 2023

UK by-election holds potential keys to North Sea's oil and gas future While voters go to polls in Aberdeen on Thursday, it is electors in Greater Manchester who could shape …

Panoro wraps up Africa acquisition - paying $53 million less than agreed Oil price surge due to Iran war sees Oslo-listed player pay Kosmos far less for Equatorial Guinea stake

Canadian independent ramps up Central Asia gas ambitions Condor Energies chief executive Don Streu talks to Upstream about company's projects in Uzbekistan and Kazakhstan

Hungary's MOL steps closer to taking control of Serbian operator MOL Group signs agreement with Serbian government on terms for managing NIS

Former BP CEO Looney joins board of US fusion energy developer Appointment is latest in string of new roles for Bernard Looney, who resigned from UK supermajor in 2023

Cold feet: Why Big Oil shuns Alaska's Arctic National Wildlife Refuge Reputational risk, potential litigation and expensive greenfield costs amid potential factors keeping major oil and gas companies away from …

ExxonMobil to supply LNG to South Africa in milestone deal Supermajor signs heads of agreement with owners of planned import terminal in Richard's Bay