Matador’s proposed $1.275 billion Paloma acquisition would add 16,235 net undeveloped acres and an estimated 10,600–11,600 boe/d of third-quarter production in southeast New Mexico, while a separate Ridge Runner transaction would expand its Woodford position. Published by Allstream Insiders Allstream Insiders Summary Matador Resources Company has announced a definitive agreement to acquire Paloma Permian LLC […] More

Chevron’s third-quarter update brings together a five-year Venezuela growth framework, a pending Bakken and DJ Basin midstream restructuring, a Destrehan renewable-feedstock start-up and early-stage exploration advances in Angola and Libya. Published by Allstream Insiders Allstream Insiders Summary Chevron’s October 30, 2026, third-quarter update highlighted a portfolio of previously announced and newly reported operating milestones across […] More

BP’s third-quarter update recaps an agreement to take full ownership of Trinidad and Tobago’s Calypso gas project, an offshore Venezuelan license, five Gulf of America lease-sale high bids and other portfolio actions—but does not establish project-specific construction scopes. Published by Allstream Insiders Allstream Insiders Summary BP’s October 30, 2026, third-quarter results update highlights a series […] More

The proposed $890 million all-cash acquisition would add Montney oil-window acreage, approximately 20 MBOE/d of current production, two oil batteries and interests in two natural-gas processing facilities. Published by Allstream Insiders Allstream Insiders Summary Ovintiv Inc. has entered into a definitive agreement to acquire Logan Energy Corp. in an all-cash transaction valued at approximately $890 […] More

EQT’s proposed all-stock acquisition of Range Resources would combine Appalachian natural-gas assets that the companies say represent more than 9 Bcfe/d of net production, nearly 3 million net acres and more than 3,700 miles of critical midstream infrastructure. Published by Allstream Insiders Allstream Insiders Summary EQT Corporation and Range Resources Corporation have entered into a […] More

The agreements establish a framework to assess gas production, domestic supply, power-generation support, midstream and LNG infrastructure in Venezuela; individual projects remain subject to separate approvals and agreements. Published by Allstream Insiders Allstream Insiders Summary Baker Hughes has signed a strategic alliance agreement with PDVSA, Lindsayca and Fulcrum LNG to support the revitalization and expansion […] More

TechnipFMC will design, engineer and manufacture flexible flowlines for multiple Petrobras pre-salt fields offshore Brazil under a contract the company values between $75 million and $250 million. Published by Allstream Insiders Allstream Insiders Summary TechnipFMC has been awarded a subsea contract by Petrobras to supply flexible pipe systems supporting multiple pre-salt developments offshore Brazil. According […] More

Pacific Coast Energy Company said it began operating the Delta and Cabimas oil fields under its agreements with PDVSA during the third quarter of 2026 and outlined a phased redevelopment program. Published by Allstream Insiders Allstream Insiders Summary Pacific Coast Energy Company, or PCEC, has announced strategic agreements with Petróleos de Venezuela, S.A. (PDVSA) covering […] More

Final approval of Transocean’s previously announced Equinor agreement moves approximately $1.0 billion into firm backlog, alongside a new two-well Norske Shell award for the Transocean Norge. Published by Allstream Insiders Allstream Insiders Summary Transocean Ltd. has reported approximately $1.1 billion of additional firm contract backlog after Equinor formally approved a previously announced agreement for three […] More

JAPEX completed its acquisition of Fundare, adding operated tight oil and gas assets in Colorado’s Denver-Julesburg Basin and Wyoming’s Green River Basin to its U.S. portfolio. Published by Allstream Insiders Allstream Insiders Summary Japan Petroleum Exploration Co., Ltd., or JAPEX, has completed its acquisition of Fundare Resources Operating Company, LLC, Fundare Redtail, LLC, Rangeview Resources […] More

Shell has agreed to acquire a 30% interest in Equinor’s offshore Newfoundland and Labrador development, where the partners are targeting an investment decision in early 2027. Published by Allstream Insiders Allstream Insiders Summary Equinor and Shell have signed an agreement under which Shell will acquire a 30% interest in the Bay du Nord project offshore […] More

Valaris reported approximately $220 million of new contract and extension backlog, including a two-well Suriname drillship contract, jackup work in Australia and the North Sea, and a revised East Irish Sea program. Published by Allstream Insiders Allstream Insiders Summary Valaris Limited has announced new contract awards and extensions with associated contract backlog of approximately $220 […] More

Crescent Energy has signed a definitive agreement to acquire Devon Energy’s Eagle Ford assets in South Texas; closing is expected in the fourth quarter of 2026 or early 2027, subject to stated conditions. Published by Allstream Insiders Allstream Insiders Summary Crescent Energy Company has entered into a definitive agreement to acquire Eagle Ford assets from […] More

The completed transaction adds more than 65 MMcfe/d of production, approximately 117,000 net acres, about 1,000 operated wells, a 180-MMcf/d gas plant and integrated gathering and carbon-capture infrastructure. Published by Allstream Insiders Allstream Insiders Summary BKV Corporation has completed the acquisition of an integrated package of upstream, midstream and carbon-capture assets in the Barnett Shale. […] More

Seadrill added approximately $200 million of backlog through West Vela, West Capella and Sevan Louisiana offshore contract updates. More

Diversified Energy agreed to acquire Birch for approximately $1.8 billion, adding 68,000 boe/d, 46,000 Permian acres and integrated field infrastructure. More

The White House announced a Venezuela oil agreement covering 17 fields and a NABEP plan for up to $100 billion of new infrastructure. More