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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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 …
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Morgan Stanley and Rothschild & Co lead European M&A financial advisory in 2025
Morgan Stanley and Rothschild & Co have led the mergers and acquisitions (M&A) rankings for financial advisers in Europe during …
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Cairn Oil & Gas uncovers resources in Ambe-2A off India’s west coast
Vedanta subsidiary Cairn Oil & Gas has announced a hydrocarbon discovery in the Ambe-2A appraisal well off India’s west coast …
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Japanese companies join forces to decarbonise ethylene production
Asahi Kasei, Mitsui Chemicals and Mitsubishi Chemical have entered into an agreement to promote the decarbonisation and optimisation of ethylene …
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Morgan Stanley leads in oil and gas M&A deal value for 2025
Morgan Stanley and RBC Capital Markets were the leading financial advisers for oil and gas sector mergers and acquisitions (M&A) …
