Month: July 2025

Monumental Energy has identified two gas-condensate prospects in New Zealand’s Taranaki basin, including the 200-PJ Mauku NE target, as it awaits a decision on its application for PEP 61554.

Canadian oil sands production is expected to reach a record 3.5 MMbpd in 2026 and climb to 3.9 MMbpd by the early 2030s, with S&P Global seeing further upside if new construction returns.

SLB OneSubsea has won a contract from ExxonMobil Moçambique to supply subsea trees, manifolds, umbilicals and control systems for the first phase of the deepwater Rovuma LNG project offshore Mozambique.

Unity has launched an ultra-compact, 10,000-psi BOP valve measuring one-third the width of conventional systems, designed to expand well intervention options in space-constrained offshore environments.

Yangarra Resources has drilled 17 Belly River wells at its Chambers development in Alberta and built an inventory of 106 future locations, while a new well design delivered a 2.5-fold improvement in IP90 productivity.

Comstock Resources and SOCAR have advanced their planned $1.65 billion Haynesville partnership with a framework agreement, while exploring opportunities to market gas from the assets as LNG internationally.

DNO says its $5.214-per-share all-cash offer for Capricorn Energy is final and will not be increased after Genel Energy raised its competing bid and secured commitments representing about 39% of Capricorn shares.

Newly listed 1947 Oil & Gas has begun trading on London’s AIM market, providing capital to complete its previously announced Renaissance Offshore acquisition and pursue additional producing assets in the Gulf of America.

INEOS is marking a decade of U.S. shale ethane supply to its Grangemouth complex, with more than 400 shipments received since the first purpose-built Dragon Ship arrived in Scotland in 2016.

ExxonMobil and SOCAR have formed a joint venture to explore and develop unconventional oil and gas resources in Azerbaijan’s Middle Kura basin, taking U.S. shale expertise into a new international play.