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in Upstream NewsShell and its partners have sanctioned three deepwater gas wells tied to existing West Delta Deep Marine infrastructure offshore Egypt, targeting first production in 2028. More
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in Upstream NewsThe oilfield-services company expects the proposed change in the legal domicile of its ultimate parent company from Ireland to Delaware to take effect during the fourth quarter of 2026, subject to final Irish High Court approval and other closing conditions. Published by Allstream Insiders Allstream Insiders Summary Weatherford International shareholders have approved the proposals required […] More
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in Upstream NewsChevron expanded its Orinoco Belt position as Venezuelan joint ventures outlined more than $7 billion of investment and a 600,000-bpd production target. More
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in Upstream NewsComstock signed a $1.65 billion SOCAR letter of intent and launched a $450 million venture funding 27 Western and Legacy Haynesville wells. More
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in Upstream NewsNabors invests $35 million in Quaise as a PACE-B rig drills Project Obsidian under a framework with an exclusive drilling-services arrangement. More
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in Upstream NewsSLB OneSubsea won bp’s Thunder Horse subsea boosting EPC contract for a project expected to add approximately 15,000 boe/d in 2028. More
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in Upstream NewsEagleRock acquires Intrepid Ranch for $78.2 million, adding approximately 50,000 acres and water, disposal, caliche and sand assets in Lea County. More
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in Upstream NewsAllstream Insiders Summary Continental Resources has entered into an agreement to acquire FireBird Energy II LLC, a Quantum Capital Group-backed upstream producer with approximately 54,000 net acres in the Midland Basin. Continental said the FireBird assets are currently producing approximately 32,000 barrels of oil equivalent per day, with oil representing 69% of production. The acquired […] More
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in Upstream NewsNoble adds $200 million in offshore rig contracts, maintains a $615 million to $665 million capital program and reports $6.8 billion of backlog. More
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in Upstream NewsTransocean adds $292 million of firm offshore backlog across five rigs, while a conditional Equinor agreement could add $1 billion over seven rig-years. More
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in Upstream NewsOccidental details $3.1 billion of Permian activity within a $5.5-$5.9 billion capital plan while advancing STRATOS and Horn Mountain. More
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in Upstream NewsPermian Resources adds 54,000 Delaware Basin acres through a $1.05 billion program and updates 2026 capital guidance to $1.9-$2.0 billion. More
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in Upstream NewsTalos advances Monument drilling and Daenerys appraisal while contracting the West Vela drillship for a mid-2027 offshore drilling window. More
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in Downstream News, Upstream NewsExxonMobil advances the Uaru FPSO toward a fourth-quarter startup as its 120 KTA Louisiana Proxxima expansion reaches final investment decision. More
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in Upstream NewsPresidio closed its $83 million Canyon Creek acquisition, adding 55 producing natural gas and NGL wells in Oklahoma’s Arkoma Basin. More
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in Upstream Newsbp has started up its Atlantis Major Facility Expansion project in the US Gulf of America. Atlantis is located about 150 miles south of New Orleans and has been in production for nearly 20 years. The expansion project adds two new subsea water injection wells to help increase the pressure of targeted reservoirs, unlocking additional […] More
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in Upstream NewsNorth America’s largest natural gas producer will become leading gas marketer, reaching customers across key demand markets in the United States and Canada Transaction will accelerate Expand’s marketing and commercial ambitions, combining industry-leading natural gas supply with sophisticated and experienced asset-backed gas marketing capabilities Immediately accretive transaction, initially expected to contribute more than $200 million […] More
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in Upstream NewsJuly 20, 2026 Magnolia Oil & Gas Announces Acquisition of WildFire Energy, More than Doubling Giddings Acreage Highly Accretive Acquisition Creates Dominant Eagle Ford/Austin Chalk Position in South Texas By Combining Two High-Quality, Complementary Assets Magnolia’s Differentiated, Proven and Highly Investable Business Model Remains Unchanged Sustainable Asset Quality & Improved Free Cash Flow Supports Immediate […] More
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