McDermott wins contract for offshore decommissioning project in Qatar
McDermott has secured a decommissioning definition engineering contract from QatarEnergy for Qatar's first offshore decommissioning project. The contract requires creating a …
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Equinor Brasil extends West Saturn drill-ship deal for one year
Equinor Brasil Energia has opted for a one-year contract extension with Seadrill for the ultra-deep-water drill-ship West Saturn. The extension adds …
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SM Energy completes all-stock merger with Civitas
SM Energy Company has completed its all-stock merger with Civitas Resources, creating a combined entity that will retain the name …
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Essar Oil & Gas to invest $100m in West Bengal’s CBM block
Essar Oil and Gas Exploration & Production (EOGEPL) is planning to invest $100m (Rs9.15bn) in a new drilling initiative at …
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Chevron Q4 2025 net income drops 12.5% to $2.84bn
Chevron reported net income of $2.84bn in the fourth quarter of 2025 (Q4 2025), ending on 31 December 2025, a …
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ExxonMobil reports 14% drop in Q4 net profit
ExxonMobil has reported net profit of $6.5bn, or $1.53 per diluted share, for the fourth quarter of 2025 (Q4 2025), …
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Frontera to sell Colombian assets to Geopark for up to $400m
Frontera Energy has signed a definitive agreement to sell Frontera Petroleum International Holdings, consisting of its Colombian exploration and production …
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Lukoil signs agreement to sell subsidiary to Carlyle
Lukoil has agreed to divest its subsidiary Lukoil International to US private equity firm Carlyle. The subsidiary manages Lukoil’s international assets, …
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TotalEnergies and Mozambique resume activities at $20bn Mozambique LNG project
TotalEnergies and Mozambique have announced the resumption of onshore and offshore activities at Mozambique LNG following a meeting between TotalEnergies …
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Subsea7 wins contract from Shell for Kaikias Waterflood project
Subsea7 has secured a 'sizeable' contract from Shell to transport and install a subsea umbilical, riser and rigid flowline at …
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Kirkland & Ellis leads M&A legal advice in oil and gas for 2025
Kirkland & Ellis was the top legal adviser for oil and gas sector mergers and acquisitions (M&A) in 2025, both in terms of deal value and …
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OKEA makes petroleum discovery in North Sea’s Barge field
OKEA and its partners have announced a petroleum discovery in the Knockando Fensfjord prospect in the Norwegian North Sea, identified …
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SLB wins two contracts from PDO for Oman’s Block-6
SLB has secured two contracts spanning five years from Petroleum Development Oman (PDO) to provide wellheads and artificial lift technologies for Block-6, …
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GeoPark renews oil offtake deal with Vitol in Colombia
Latin American oil and gas explorer GeoPark has renewed its offtake and prepayment agreement with Vitol to supply all its …
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Borr Drilling completes acquisition of five rigs from Noble for $360m
Borr Drilling has finalised the acquisition of five premium jack-up rigs from offshore drilling contractor Noble for a total of $360m. The deal, announced in December 2025, increases Borr …
