U.S. upstream M&A declines in Q2, but Permian demand remains robust
(World Oil) — U.S. upstream mergers and acquisitions slowed sharply in the second quarter as crude price volatility complicated deal […]
upstream
bp to acquire Woodside’s stake in Trinidad’s Calypso gas project
(World Oil) — bp has agreed to acquire Woodside Energy’s 70% interest in the Calypso gas project offshore Trinidad and Tobago, giving the company full […]
US upstream oil and gas second-quarter dealmaking dives on volatility
(BOE Report) – Dealmaking in the U.S. upstream oil and gas sector shrank fourfold to $9 billion in the second […]
Middle East oil shock could hand upstream sector a $495 billion windfall
(Oil Price) – Wood Mackenzie now estimates that the global upstream oil and gas sector could generate $495 billion in free cash […]
Vitol weighs $2.3-billion sale of Delaware basin producer VTX Energy
(World Oil) – Vitol Group is in late stage talks to sell its shale oil venture VTX Energy Partners LLC to a consortium of […]
Repsol is in no rush to list upstream unit in US, CEO says
(Investing) – LISBON/MADRID – Spain’s Repsol is in no rush to list its oil and gas production unit in the United States, […]
SLB, Azule Energy expand digital platform to optimize Angola operations
(World Oil) – SLB has signed a three-year agreement with Azule Energy to expand deployment of its Delfi digital platform across the company’s operations in […]
Occidental reduces debt after OxyChem sale, posts strong quarter
(World Oil) – Occidental Petroleum reported fourth-quarter 2025 production that exceeded guidance and continued balance sheet improvement following the sale of […]