News

DNO secures North Sea oil offtake agreements with ExxonMobil and Shell

December 18, 2025

DNO ASA has secured North Sea oil offtake agreements with subsidiaries of Exxon Mobil and Shell, unlocking up to $410 million in related financing facilities effective January 2026. The agreements strengthen DNO’s balance sheet and support continued growth amid volatile markets.

bp names Meg O’Neill as next CEO in leadership transition

December 18, 2025

Offshore
UAE

ADNOC secures $11 billion financing for offshore gas development

December 18, 2025

MOL Group to operate new onshore exploration block under SOCAR agreement in Azerbaijan

December 17, 2025

Vår Energi selects DeepOcean for five-year subsea IMR services on NCS

December 17, 2025

Vista signals new Vaca Muerta shale M&A as it seeks shareholder approval

December 17, 2025

UK/UKCS

INEOS commits £150 million to secure future of Grangemouth industrial site

December 17, 2025

Brazil, Guyana and Argentina drive non-OPEC crude growth into 2026, EIA says

December 17, 2025

SBM Offshore extends FPSO contracts in Angola through 2032

December 17, 2025

Baker Hughes to supply advanced artificial lift systems for KOC fields

December 17, 2025

$1.8-billion PPF project approved to revive previously produced fields at Ekofisk

December 16, 2025

Oil and Gas Prices

Brent crude falls below $60 as global surplus pressures prices

December 16, 2025

Subsea7 wins Chevron installation contract for Gorgon Stage 3 offshore Australia

December 16, 2025

Texas Railroad Commission names Mark Evarts as oversight and safety director

December 16, 2025

Shell approves Kaikias waterflood to extend Ursa production in U.S. Gulf

December 16, 2025

Bonterra Energy reports strong Charlie Lake well results, acquisition and 2026 outlook

December 16, 2025

Malaysia

TotalEnergies divests 10% stake in Malaysia’s SK408 gas block to PTTEP

December 16, 2025

ReconAfrica sets 2026 milestones across Namibia, Angola and offshore Gabon

December 16, 2025

Middle East oil prices weaken as regional supply outpaces demand

December 15, 2025

MSGBC basin attracts rising interest as new deepwater prospects emerge

December 15, 2025

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