Onshore
News
July 14, 2025
Falcon Oil & Gas Ltd. has completed successful flow-rate tests and commenced its 2025 drilling campaign in Australia’s Beetaloo sub-basin. The flow rate results are comparable to top shale wells in the U.S., and the drilling campaign will be the largest in the Beetaloo to-date, said Falcon's CEO.
News
July 14, 2025
Tullow Oil and Kenya's Gulf Energy Ltd. have secured an extension to submit a development plan for fields in Kenya, a crucial step to completing a sale of the assets. Tullow agreed to sell the oil deposits to Gulf Energy in April, after struggling for more than a decade to bring them on stream.
News
July 10, 2025
Mach Natural Resources today announced its expansion into the Permian and San Juan basins with two acquisitions valued at a total of $1.3 billion. The assets purchased from Sabinal Energy and IKAV Energy will nearly doubles Mach’s production from 81 Mboed to approximately 152 Mboed, the company said in a news release.
News
July 09, 2025
Chevron is reducing local and regional business units in favor of a more centralized model to improve performance and cut as much as $3 billion of costs by 2026. Changes will include single divisions for both offshore and shale operations, says Vice Chairman Mark Nelson.
News
July 09, 2025
Petro-Victory carried out successful drilling for its AND-5 well, in partnership with Azevedo & Travassos Energia (ATE), The operation utilized the Drake-2 onshore hydraulic rig, with wireline logging by Halliburton and successful installation of 7" nominal production casing.
News
July 08, 2025
bp has signed a Memorandum of Understanding (MoU) with Libya’s National Oil Corporation (NOC) to evaluate redevelopment opportunities in the mature giant Sarir and Messla oil fields in Libya’s Sirte basin and to understand the wider unconventional oil and gas potential within the country.
News
July 04, 2025
Petro-Victory Energy Corp. and Azevedo & Travassos Energia S.A. (ATE) have signed a binding memorandum of understanding on July 2, 2025 (MOU) under which Petro-Victory will become a subsidiary of ATE. ATE has agreed to acquire all shares of Petro-Victory.
News
July 04, 2025
Petrobras is considering the sale of its onshore operations in Brazil’s northeastern Bahia state, CEO Magda Chambriard said. Production on the Polo Bahia Terra is too expensive given that it yields less than a single well in the deepwater pre-salt region.
News
July 02, 2025
U.S. shale executives expect to drill significantly fewer wells this year than planned at the start of 2025, as lower oil prices and uncertainty around President Donald Trump’s tariffs hurt profits, according to a Federal Reserve Bank of Dallas survey.
News
June 30, 2025
ADNOC Drilling has secured a contract valued at up to $800 million by ADNOC Onshore for the provision of integrated hydraulic fracturing services for conventional and tight reservoirs, the UAE-based company announced Monday.
News
June 27, 2025
TotalEnergies is in talks with potential buyers for its shale oil assets in Argentina’s Vaca Muerta, as international operators look to exit the region amid improved valuations and shifting investment priorities.
News
June 27, 2025
U.S. shale drilling activity declined for the ninth straight week, marking the longest drop since mid-2020. Analysts say recent oil price gains haven’t been enough to reverse cautious spending by producers.
News
June 26, 2025
U.S. shale companies are expected to prioritize hedging strategies over ramping up drilling activity, despite former President Trump’s call to increase output following U.S. strikes on Iranian nuclear sites. Analysts say sustained price increases — not short-term volatility — are needed to spur new investment.
News
June 24, 2025
BP Prudhoe Bay Royalty Trust is marketing its overriding royalty interest (ORRI) in Alaska’s Prudhoe Bay field—the most prolific conventional oil field in North America—as part of a planned dissolution of the Trust.
News
June 23, 2025
Petro-Victory Energy Corp., an oil and gas E&P company focused on onshore Brazil, has commenced its fully-funded drilling campaign of the AND-5 well at the Andorinha Field located in the Potiguar basin, Rio Grande do Norte, Brazil.
News
June 20, 2025
Nigerian energy company Green Energy International (GEIL) has completed the development of the Otakikpo onshore terminal and commenced operations. The newly-constructed facility is the first indigenous onshore terminal constructed in the country in five decades.
News
June 12, 2025
Chevron and Halliburton have jointly developed an intelligent fracturing process that combines automated stage execution with subsurface feedback to optimize delivery of energy into the wellbore without relying on human intervention.
News
June 11, 2025
During a June 10 special session at the Unconventional Resources Technology Conference (URTeC) in Houston, panelists discussed the latest advancements in Generative AI and machine learning for unconventionals.
News
June 10, 2025
The 2025 Unconventional Resources Technology Conference (URTeC) began in Houston on Monday, June 9. In what became a clear theme for the conference, panelists discussed the possibility for unconventional resources to shine amidst a fluctuating market for oil.
