News

Reed Bank gas development in South China Sea hinges on foreign partnership

February 25, 2026

The Philippines may consider partnering with China or other foreign investors to advance development of the stalled Reed Bank gas field in the South China Sea, as the country seeks new supply to offset declining output from the Malampaya field.

MCM Energy grows Permian position with Battalion asset purchase and new financing

February 25, 2026

Velesto awarded Malaysia jackup drilling contract for East Belumut field

February 25, 2026

Vaalco takes 60% stake in 102-MMboe West Africa field

February 24, 2026

Venezuela

CH4 launches alliance to rebuild Venezuela oil, gas infrastructure

February 24, 2026

Angola’s Sonangol advances IPO plans despite privatization program delays

February 25, 2026

Shale giant Diamondback says global oil glut fears are fading

February 24, 2026

Exxon leverages Guyana growth in global race for new oil resources

February 24, 2026

Technip Energies wins Coral Norte FLNG contract offshore Mozambique

February 24, 2026

Murphy Oil’s offshore West Africa well comes up dry

February 24, 2026

Ovintiv doubles down on Permian and Montney in 2026 capital shift

February 24, 2026

Pertamina, Halliburton target unconventional fracturing expansion in Indonesia

February 23, 2026

SOCAR, Gran Tierra to explore onshore block in Azerbaijan

February 23, 2026

ORLEN builds 25-MMboe North Sea portfolio in Ekofisk Area

February 23, 2026

Offshore

Seatrium accelerates yard sales to streamline offshore portfolio

February 23, 2026

Canada oil sands brace for potential mega merger wave

February 23, 2026

Iraq shifts West Qurna 2 operatorship from Lukoil to Basra Oil

February 23, 2026

Marcellus/Utica

Infinity ups Utica stake in $1.2 billion Antero Ohio deal with $350 million equity backing

February 23, 2026

Ecopetrol posts 1.94 Bboe in proved reserves, replaces 121% of production in 2025

February 20, 2026

Tullow signs $205-million deal to acquire TEN FPSO offshore Ghana

February 20, 2026