News

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

December 18, 2025

bp has named Woodside Energy CEO Meg O’Neill as its next chief executive, effective April 1, 2026, as Murray Auchincloss steps down. The leadership change signals a new phase for the supermajor focused on tighter financial discipline and accelerated strategic execution.

Offshore
UAE

ADNOC secures $11 billion financing for offshore gas development

December 18, 2025

DNO secures North Sea oil offtake agreements with ExxonMobil and Shell

December 18, 2025

JAPEX secures DJ basin tight oil assets in $1.3-billion Verdad transaction

December 18, 2025

Subsea7 wins large ConocoPhillips contract for Ekofisk-area PPF development

December 18, 2025

U.S. Onshore

California Resources closes all-stock combination with Berry Corp.

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

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