Shell plc subsidiaries Shell Offshore Inc. and Shell Pipeline Co. (SPLC) agreed to acquire interests in Ursa and Europa fields and Ursa Oil Pipeline Co. LLC from ConocoPhillips Co. (COP) for $735 ...

Aker BP ASA drilled a dry well in the Bounty Updip prospect in the Norwegian Sea. Wildcat well 6306/6-3 S, the second in production license 886, was drilled using the Scarabeo 8 drilling rig to a ...

Norway’s daily production averaged 1.990 million bbl in January 2025, the Norwegian Offshore Directorate reported.

In 2025, Matador’s leaders are looking to push gross new wells to 144 and focus more operations on laterals of at least 2 miles. The move is expected to help drive daily production to 202,000-208,000 ...

Diamondback Energy Inc., Midland, Tex., has named Kaes Van’t Hof, the company’s current president, to succeed Travis Stice as chief executive officer. Van’t Hof also will join the board of directors.

Cheniere Energy Inc. expects completion of the first three trains of its 10-million tpy Corpus Christi Stage 3 liquefaction project this year.

Shell UK let a contract extension for brownfield engineering, procurement, and construction for onshore and offshore assets across the UK.

US crude oil inventories for the week ended Feb. 14 increased by 4.6 million bbl from the previous week, according to data from the US EIA.