Upstream

Wood agrees to $292 million Sidara takeover as board brands finances 'unsustainable' Wood board says acquisition “represents best option for shareholders, creditors and wider stakeholders”

Wood agrees to $292 million Sidara takeover Wood board says acquisition “represents best option for shareholders, creditors and wider stakeholders”

Brazil to divest minority stakes at three pre-salt fields Auction may raise $2.75 billion to the country's coffers

Repsol ready for next stage of Mexico offshore oil project Company intends to issue tender for work on FPSO for Block 29 where Polok and Chinwol discoveries are located

If US shale has a horizon, technology keeps moving it Under pressure from Opec+ and tariffs, US industry keeps searching for lower break-evens

ExxonMobil chief executive Darren Woods speaks during the CERAWeek oil summit in Houston, Texas, on March 18, 2024. Photo: AFP/SCANPIX

‘Increasingly daunting headwinds’: Petronas’ profits slump by 19% Malaysian energy giant to double down on commercial and operational excellence

Beijing rotates NOC chiefs in latest top-level shake-up Beijing has launched a sweeping reshuffle at its national oil companies, shifting veteran executives into new posts to balance power

New discovery reported in mature area of Norwegian Sea Oil and gas will be produced into existing facilities at the Asgard complex

Wood sells North America unit for $110 million Sale brings total proceeds from divestments to $275 million in 2025 as company seeks to cut debt and focus on growth priorities

Top FPSO contractor hungry for success after falling short on growth targets BW Offshore is targeting three new contracts by 2030 as part of its refreshed strategy

Bidders jostle for coveted Middle East offshore contract New EPC tender envisages gradually ramping up Nasr-115's oil production capacity to 115,000 bpd by 2027, in line with Adnoc’s P5 strategy

Rivals court Chinese yards in battle for ExxonMobil's Rovuma LNG prize Consortia fighting to land mighty Mozambique order talk to Chinese players about modules fabrication

UK junior's shareholders accept takeover offer Deltic Energy had warned it was at risk of entering administration before the takeover offer

ExxonMobil predicts 20% rise in natural gas demand over next 25 years US supermajor’s outlook also sees oil demand remaining above 100 million barrels per day through 2050, while electricity …

Storegga beefs up Acorn headcount in drive to FID Acorn CFO tells Upstream that recent government funding approval 'a huge step forward' for project which aims to capture up to …

Tributes pour in for 'inspirational' North Sea dealmaker Phil Kirk Chrysaor founder and high profile UK North Sea figure has passed away after a short illness

Subsea7's latest Black Sea contract worth up to $1.25 billion Turkish Petroleum picks offshore contractor for third phase of Sakarya field

Offshore drilling work confirmed in Dutch North Sea Borr Drilling secures two contracts for a shallow-water rig in the Netherlands

Baker Hughes wins Commonwealth LNG contract Compressors will be ordered by project's EPC contractor Technip Energies

COSL lifts H1 profit 23% on stronger drilling demand, overseas projects Earnings surge reflects stronger higher utilisation of its rigs, as company navigates challenging external environment

Baker Hughes to supply essential components for Commonwealth LNG Compressors will be ordered by project's EPC contractor Technip Energies

The Guntong E platform is bridge-linked to the Guntong D platform on the left. Photo: EXXONMOBIL

CNOOC Ltd hits record output in first half after surge in gas production CNOOC Ltd booked a double-digit increase in natural gas output in first-half, but recorded a drop in …

Adnoc signs strategic gas deal with leading Asian state player Adnoc is building the 9.6 million tpa Ruwais LNG export facility, which is crucial to Abu Dhabi's ambition to become …

Bid battle begins for lucrative Malaysia deepwater subsea deals The operator has hit the market with at least two subsea tenders for Block K, comprising SURF and SPS facilities

PXGEO wins two-year seismic services gig in Malaysia Award adds new country and a new client to contractor’s portfolio

Thailand jumps on Andaman gas, bid round planned to boost energy security Offshore area is upstream hotspot in Indonesia across the maritime boundary

Chinese contractor expands offshore ambitions, aiming for full-system integration By consolidating operations and drawing on its three decades of manufacturing experience, Himile seeks to become one-stop solutions provider to the …

Subsea7 wins contract for Black Sea gas project Turkish Petroleum picks offshore contractor for third phase of Sakarya field

Xodus co-founder Swindell to step down Subsea7 director set to become chief executive in October

Norway's latest discovery delights junior partners The Talisker exploration discovery within the mature Brage area marks a major advance for three JV partners

Ernest Rubondo (front left, holding book), executive director of the Petroleum Authority of Uganda, toured oil and gas facilities in the country this week. Photo: PAU

Seatrium bags upgrade job for Golar LNG unit bound for Argentina LNG production unit due to be in operation at new location in 2027

Low bidder set to win maiden Petrobras contract for specialty vessel Brazilian oil giant reduced tender scope from three to one chartered SOV

Suriname to launch new offshore licensing round in November Most of available acreage is located near the French Guiana border

Africa-focused junior's stock price soars as major Qatari investor comes aboard Al Mansour Holdings buys stake in Invictus Energy, makes $500 million to fund Zimbabwe project and pair form upstream …

Billion barrel bid: hope builds for rare onshore Angola probe London-listed junior Corcel aims to drill a high-impact exploration well on a structure that could hold 1 billion barrels of …

Joyous day in Norway for junior partners in latest discovery The Talisker exploration discovery within the mature Brage area is a very big deal for three JV partners

Karoon plots FPSO revamp as reserves surge Karoon Energy is banking on its newly acquired Bauna FPSO to cut costs and extend field life, with reserves upgraded 35% even as …

Seatrium hit with multimillion-dollar claim over Operation Car Wash Cash for rig-building scandal refuses to die as Keppel demands $53 million

Keppel hits Seatrium with $53 million claim over rig-building scandal Singaporean duo heading to arbitration, with Seatrium vowing to 'vigorously' defend the claim

Sinopec profit slumps 40% in first half as refining margins weaken Results highlight the pressure company faces, prompting it to trim capital spending while keeping oil and gas output broadly …

TotalEnergies' complex Papua LNG project eyeing FID in early 2026 Project partner Santos says confidence in PNG LNG project is increasing

Offshore projects face cost surge as industry battles for scarce supply chain resources With costs spiralling, schedules stretching and shipyards fully booked well into the next decade, contractors and operators …

Three contractors in battle for keenly watched Asian offshore project ONGC's west coast offshore fields are maturing and require multiple phases of redevelopment to maintain their production profiles, including the …

Libya keen to see Chevron return after decade-long absence Libya officials holding talks in London with US supermajor