Month: June 2026

TGS will acquire another 1,020 km² of 3D seismic data offshore Sarawak as Malaysia targets new exploration plays and growing industry interest in the hydrocarbon-rich basin.

Ecopetrol has completed its $1.2 billion acquisition of a controlling 51% stake in Brazil’s Brava Energia, which averaged 78,800 boed of production in first-half 2026 and holds 459 MMboe of proved reserves.

Monumental Energy’s application for 245 km² of exploration acreage in New Zealand’s Taranaki basin has advanced to government review, with the partners targeting two identified gas-condensate prospects.

SLB has secured a contract from Brunei Shell Petroleum to restore production from shut-in wells across multiple offshore fields, integrating subsurface evaluation, engineering, well intervention and offshore execution.

Helmerich & Payne led U.S. land drilling contractors with 15.85 million ft drilled across 776 wells in Q1, while ExxonMobil topped operators with 5.44 million ft, according to new Enverus rankings.

Erosion due to entrained sand is a growing problem, and existing technologies have limitations, but new solutions are available to address this issue. 

YPF, Eni and XRG have sought RIGI approval for their $51 billion Argentina LNG development, which would connect Vaca Muerta gas production with two FLNG units totaling 12 MMtpa of export capacity.

Chevron has made a new oil and gas condensate discovery in Angola’s offshore Block 0, encountering more than 300 ft of net pay as the operator evaluates a potential tieback to nearby infrastructure.

API and Mexico’s Instituto Mexicano del Petróleo are expanding technical cooperation on oil and gas standards, training and certification, with additional work planned around methane, CCS and offshore pipeline safety.

The NSTA and 17 North Sea operators have launched a joint effort to tackle a 500-well abandonment backlog, with greater use of vessels for subsea wellhead removals potentially cutting costs by 30%.