Shell to divest North West Shelf stake to XRG for $1.5bn
Shell is set to exit the North West Shelf (NWS) venture in Western Australia after agreeing to sell its 16.67% …
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Kistos to acquire 30% stake in North Sea’s Abbey and Baker gas fields
UK-based Kistos has signed a binding farmout agreement under which its wholly owned subsidiary, Kistos Energy, will acquire a 30% …
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San Mateo signs two natural gas deals in Northern Delaware Basin
Matador Resources has announced that its subsidiaries within San Mateo Midstream have signed two separate agreements with a major producer …
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Blackstone-led group to invest $3.1bn in Mitsubishi’s LNG Canada stake
A Blackstone-led investor group has agreed to invest $3.1bn for a 49.9% stake in a subsidiary holding Mitsubishi's interest in …
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TotalEnergies strikes deal for Lang Lebah and B14 fields in Malaysia
French energy major TotalEnergies has signed farm-out agreements to acquire a 30% operated interest in the Lang Lebah and B14 …
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Eni begins gas production at Maha field offshore Indonesia
Italian energy company Eni has commenced gas production from the Maha field, situated in the West Ganal block of the …
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Chevron reports net income of $9.9bn in Q3 2026
Chevron has reported net income of $9.92bn for the third quarter of 2026 (Q3 2026), a 180.4% increase from $3.54bn …
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Resident AUVs are reshaping vessel demand
For decades, subsea exploration has required a vessel to sail out to the asset carrying the crew and equipment required …
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Venture Global starts commercial operations at Plaquemines LNG
Liquefied natural gas (LNG) producer Venture Global has begun commercial operations at Phase 1 of its Plaquemines LNG export project …
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Biofuels will prove to be a highly suitable alternative in the energy transition
Alternative fuels are becoming central to the energy transition as governments, companies, and end users seek lower-carbon options to conventional …
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bp posts 304% jump in third-quarter net income to $4.7bn
British oil and gas company bp has reported a 304% year-on-year increase in the third quarter of 2026 (Q3 2026) …
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TotalEnergies posts $8.3bn Q3 net income on refining gains
French energy major TotalEnergies more than doubled its net income in the third quarter of 2026 (Q3 2026), posting $8.3bn …
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Shell net income surges 128% to $12.1bn in Q3 2026
Shell posted third-quarter 2026 (Q3 2026) net income attributable to shareholders of $12.1bn, more than double the $5.3bn recorded in …
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Mazarine Energy agrees to buy Romania’s BSOG from Carlyle and EBRD
Mazarine Energy, an independent European oil and gas company, has agreed to acquire Black Sea Oil & Gas (BSOG) from …
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TotalEnergies acquires 25% interest in 26 US offshore leases
TotalEnergies has acquired a 25% working interest in 26 offshore exploration leases operated by Chevron in the US. The transaction also …
