News

Industry & Analysis

bp halts shareholder buybacks as new CEO prepares upstream-focused turnaround

February 10, 2026

bp has halted share buybacks and shifted capital toward debt reduction and core oil and gas operations as the company advances a broader turnaround strategy under incoming leadership and prepares for new upstream growth projects.

Senegal eyes new discoveries as Petrosen funds $100-million onshore oil search

February 10, 2026

Australia moves to expand gas exploration in Queensland basins amid supply concerns

February 10, 2026

Cegal delivers critical IT asset transition project for Tenaz in Dutch North Sea

February 10, 2026

Expand Energy moves headquarters to Houston, appoints interim CEO amid gas growth strategy

February 10, 2026

Before OPEC, there was Texas: A better path for Venezuela’s oil revival

February 10, 2026

Transocean to acquire Valaris in $5.8-billion deal, creating offshore drilling giant

February 09, 2026

Perenco installs $200 million Congo platform to extend life of mature offshore field

February 09, 2026

Namibia flags approval concerns over TotalEnergies offshore stake purchase

February 09, 2026

Oilfield services executives head to Washington to push permitting reform

February 09, 2026

Chevron awards Subsea7 Eastern Mediterranean subsea installation contract

February 09, 2026

Interoil exits Argentina conventional assets as operators continue retreat from mature basins

February 09, 2026

ADNOC Gas reports record 2025 earnings, advances major UAE gas expansion projects

February 09, 2026

TotalEnergies expands Namibia exploration position with operated PEL104 stake

February 06, 2026

Canadian crude discounts widen as supply glut signals emerge

February 06, 2026

South Africa’s upstream law targets investment revival after supermajor exits

February 06, 2026

Texas RRC levies $1.4 million in enforcement penalties for oil, gas operators

February 06, 2026

Petrobras wins approval to resume drilling in Brazil’s Foz do Amazonas frontier

February 06, 2026

Cameroon and Equatorial Guinea sign deal to develop Yoyo-Yolanda gas fields

February 06, 2026

Middle East

bp, Kuwait Oil Company extend technical services agreement through 2029

February 05, 2026