Month: October 2026

Petrobras posted record oil and pre-salt production in the second quarter as offshore growth in Brazil’s Búzios field and continued E&P investment helped drive one of the company’s strongest quarterly results.

ADNOC says it remains focused on meeting customer demand despite continued attacks on its vessels and assets, detailing the operational impacts of ongoing security disruptions affecting shipping through the Strait of Hormuz.

SLB and Equinor have signed a multi-year agreement for reservoir stimulation services on the Norwegian Continental Shelf, including a major upgrade of the Island Captain vessel to support development of tight offshore reservoirs.

ExxonMobil has linked a proposed $80 billion expansion of Kazakhstan’s Kashagan oil field to resolving long-running disputes between the government and international partners, according to people familiar with the discussions.

Formentera Partners, Daly Waters Energy and INPEX have contracted a new Helmerich & Payne FlexRig to support appraisal and development of Australia’s Beetaloo basin, expanding drilling capacity for the unconventional gas play.

ConocoPhillips has named CFO Andy O’Brien as its next president and CEO, succeeding Ryan Lance, who will transition to executive chair after leading the company for 14 years.

bp has agreed to acquire Woodside Energy’s 70% interest in the Calypso deepwater gas project offshore Trinidad and Tobago, giving the company full ownership and operatorship of the natural gas development.

Xodus Group will support environmental approvals for the next phases of Australia’s Northern Endeavour Decommissioning Program, including subsea well plugging and abandonment and removal of offshore infrastructure.

EnerMech has secured a multi-year contract to provide topside process and shutdown services for a North Sea offshore operator, expanding its role in maintenance, asset integrity and operational support across the operator’s asset portfolio.

AGR and THF Engineered Solutions have formed a strategic partnership to apply AI-powered well engineering technology that helps operators improve well planning, identify operational risks earlier and streamline engineering workflows.