Month: July 2025

Petrobras has confirmed a new offshore gas discovery at the Sandia-1 exploratory well in Colombia’s GUA-OFF-0 Block, reinforcing the region’s growing deepwater gas potential alongside the Sirius and Copoazu discoveries.

The finalists are in: Gulf Energy Information has announced the 2026 Excellence Awards finalists, recognizing leading upstream technologies, digital innovations and industry leaders from companies including ADNOC, Aramco, SLB, Halliburton, Expro, Baker Hughes, NOV and more.

bp has launched a process to market its UK North Sea upstream business for a potential sale as part of its ongoing portfolio review, including interests in five production hubs spanning the central North Sea and west of Shetland.

Following bp’s decision to market its UK North Sea business, Aberdeen & Grampian Chamber of Commerce is urging the UK government to restore investor confidence through fiscal stability and a more predictable energy policy.

MOL Group has agreed to acquire Shell’s 35% interest in the Aphrodite gas field offshore Cyprus for up to $720 million, joining Chevron and NewMed in one of the Eastern Mediterranean’s largest deepwater gas developments.

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Petrobras increased second-quarter oil and gas production 14% year over year to a record 3.34 MMboed, driven by the ramp-up of new FPSOs in the Búzios and Mero pre-salt fields and improved operational efficiency.

Shell’s upstream business drove a stronger second quarter, with higher oil and gas prices and record production in Brazil lifting adjusted earnings to $9.8 billion while the company advanced its ARC Resources acquisition.

bp has started production from its Atlantis Major Facility Expansion project in the U.S. Gulf, adding 10,000 boed of gross peak production while extending the life of one of its flagship deepwater assets through new subsea water injection infrastructure.

Woodside reported an 18% decline in second-quarter production after Cyclone Sean and planned maintenance at its Pluto LNG facility, while reaffirming that the Scarborough LNG project remains on track for first production in the fourth quarter.