1.4k Views
in Upstream NewsFirst 1,000 – Tonne Facility Slated for Commissioning by December 2026 Select Water Solutions and LibertyStream Infrastructure Partners Announce Definitive Agreement to Build Out Commercial Lithium Carbonate Production Units in Texas First 1,000-Tonne Facility Slated for Commissioning by December 2026 Planned three-stage deployment of commercial lithium carbonate production facilities funded, designed, constructed, and operated by […] More
2.3k Views
in Upstream NewsCapital spending targets Permian Basin output, technology efficiency and U.S. energy security Chevron plans to invest approximately $10.5 billion in U.S. energy activities and projects in 2026, reinforcing its strategy to scale domestic oil and gas production while supporting industrial growth, employment and energy security across key producing regions. The planned spending underscores Chevron’s continued […] More
1.7k Views
in Upstream NewsHeadquarters relocation accelerates Company’s strategy to connect its leading scale to growing markets Company reaffirms synergy, capital and operating outlook for the fourth quarter and full year 2025 Expand Energy Announces Headquarters Relocation and Leadership Changes OKLAHOMA CITY, Feb. 09, 2026 (GLOBE NEWSWIRE) — Expand Energy Corporation (NASDAQ: EXE) (“Expand Energy” or the “Company”) today […] More
1.8k Views
in Upstream NewsHOUSTON, Jan. 26, 2026 /PRNewswire/ — Noble Corporation plc (NYSE: NE, “Noble,” or the “Company”) today announced new contract awards for nine rigs comprising approximately $1.3 billion of backlog, including a three-year contract for the harsh environment semisubmersible Noble GreatWhite, which will expand the Company’s existing Norway presence into the harsh environment floater market. “These […] More
1.4k Views
in Upstream NewsOKLAHOMA CITY and HOUSTON, Feb. 02, 2026 (GLOBE NEWSWIRE) — Devon Energy (“Devon”) (NYSE: DVN) and Coterra Energy (“Coterra”) (NYSE: CTRA) today announced the signing of a definitive agreement to merge in an all-stock transaction. The combination will create a leading large-cap shale operator with a high-quality asset base anchored by a premier position in […] More
1.9k Views
in Upstream NewsDENVER, Jan. 27, 2026 /PRNewswire/ — SM Energy Company (NYSE: SM) (“SM Energy”) and Civitas Resources, Inc. (“Civitas”) (NYSE: CIVI) today announced that the stockholders of both companies voted in favor of all proposals necessary for the closing of the companies’ previously announced all-stock merger. The merger is expected to close on January 30, 2026, […] More
1.9k Views
in Upstream NewsProject increases affordable, reliable gas for Israel, Egypt and Jordan HOUSTON, January 16, 2026 – Chevron Corporation (NYSE: CVX) by its subsidiary, Chevron Mediterranean Limited (CML), and the working interest owners of the Leviathan natural gas reservoir have reached a Final Investment Decision (FID) to expand the production capacity of the strategic Leviathan production platform […] More
2k Views
in Upstream NewsMitsubishi Corporation (“MC”) has agreed to acquire all equity interests in Aethon III LLC, Aethon United LP, and related entities and interests (collectively “Aethon”). This transaction marks MC’s entry into the U.S. shale gas business across the value chain, from upstream ownership through domestic sales and export of produced gas. MC reached an agreement on […] More
1.8k Views
in Upstream NewsSTEINHAUSEN, Switzerland, Jan. 05, 2026 (GLOBE NEWSWIRE) — Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced a contract award and an extension, respectively, for two of its drilling rigs. Together, the fixtures represent approximately $168 million of firm backlog. In Brazil, the Deepwater Mykonos was awarded a contract with bp. The estimated 302-day campaign is expected […] More
2.1k Views
in Upstream NewsChevron has begun calling employees back to Venezuela as crude oil exports to the United States resume, signaling an effort by the U.S. oil major to stabilize operations amid a rapidly shifting political and security landscape in the country. According to Reuters, Chevron requested that around 20 employees from its Venezuela division who had been […] More
1.4k Views
in Upstream NewsPetrobras Begins Oil Production from FPSO P-78 in the Búzios Field Petrobras began oil production from the P-78 floating production, storage and offloading (FPSO) vessel in the Búzios field, in the pre-salt layer of the Santos Basin, this Wednesday, December 31. Búzios 6 (P-78) has the capacity to produce 180,000 barrels of oil and 7.2 […] More
1.3k Views
in Upstream NewsINEOS Energy (21% WI) has announced a new oil Norphlet discovery in the Gulf of America. The Shell (79% WI) operated well, Nashville, marks INEOS’ first successful exploration well in the region. The Nashville exploration well was drilled more than five miles beneath the seabed and confirmed high-quality oil in one of the Gulf’s most […] More
2k Views
in Upstream NewsHAMILTON, Bermuda–(BUSINESS WIRE)– Seadrill Limited (“Seadrill” or the “Company”) (NYSE: SDRL) today announced contract awards for the West Neptune, Sevan Louisiana and Sonangol Quenguela. In the U.S. Gulf, the West Neptune was awarded a contract with LLOG Exploration. The four-month program is expected to commence in direct continuation to the current contract, adding approximately $48 […] More
1.3k Views
in Upstream NewsCrescent Energy Company Closes Acquisition of Vital Energy Houston – December 15, 2025 – Crescent Energy Company (NYSE: CRGY) (“Crescent” or the “Company”) today announced the closing of its previously announced acquisition of Vital Energy, Inc. (NYSE: VTLE) (“Vital Energy”), creating a leading, returns-driven independent E&P company. The all-stock transaction positions Crescent as a top […] More
2k Views
in Upstream NewsDENVER, Dec. 8, 2025 /PRNewswire/ — Antero Resources Corporation (NYSE: AR) (“Antero Resources,” “Antero,” or the “Company”) today announced it has entered into a definitive agreement to acquire the upstream assets of HG Energy II, LLC (“HG Energy”) for total consideration of $2.8 billion in cash plus the assumption of HG Energy’s commodity hedge book, […] More
1.3k Views
in Upstream NewsDiversified Energy Completes Canvas Energy Acquisition BIRMINGHAM, Ala., Nov. 24, 2025 (GLOBE NEWSWIRE) Diversified Energy Company (NYSE:DEC; LSE:DEC) (“Diversified” or the “Company”) announces the closing of its previously announced, accretive acquisition of Canvas Energy (“Canvas”), which adds complementary operated producing properties and acreage positions in Oklahoma (the “Assets”, together with Canvas, the “Acquisition”). In conjunction, […] More
1.9k Views
in Upstream NewsHOUSTON–(BUSINESS WIRE)–Ranger Energy Services, Inc. (NYSE: RNGR) (“Ranger” or the “Company”) today announced it has acquired American Well Services (“AWS”), a Permian Basin-focused well services provider, from Argonaut Private Equity (“Argonaut”). Strategic Highlights Expands scale with rig count increasing approximately 25% galvanizing Ranger as the largest well-servicing provider in the lower 48 Represents a compelling […] More
2.1k Views
in Upstream NewsTransaction Adds Scale and High-Quality Oil Inventory to Ovintiv’s Premier Montney Position Agreement reached to acquire NuVista Energy Ltd. at an average price of approximately C$17.80 per share, or total consideration of approximately $2.7 billion (C$3.8 billion) Acquisition is expected to add approximately 140,000 net acres and approximately 100 thousand barrels of oil equivalent per […] More
Join Us as a Sponsor and Position Your Brand at the Top of the Industry!
Allstream Insiders © 2026 - All Rights Reserved