BP Sees Third-Quarter Net Debt Falling to $13.5-14.5 Billion
BP p.l.c. published its third-quarter 2026 trading statement on 13 October 2026, stating that it expects net debt of $13.5 billion to $14.5 billion at the end of the quarter, compared with $22.3 billion at the end of the second…
Shell Flags $2.5 Billion German Emissions Outflow in Q3 Update Note
Shell plc published its third-quarter 2026 update note on 7 October 2026, setting out segment production, sales-volume and margin outlooks for the quarter and flagging an approximately $2.5 billion cash outflow tied to German emissions certificates. The update comes ahead…
SLB OneSubsea Lands Rovuma LNG Subsea Production Systems Contract
SLB’s OneSubsea joint venture has been awarded a contract by ExxonMobil Moçambique, Limitada, on behalf of Area 4 partners ENH, CNPC, ENI, KOGAS and XRG, to deliver subsea production systems for the first phase of the offshore Rovuma LNG project…
LNG Canada Partners Approve Phase 2 Expansion to 28 Mtpa
LNG Canada announced on September 28, 2026 that its five joint venture participants, Shell, PETRONAS, PetroChina, Mitsubishi Corporation and KOGAS, have taken a final investment decision on the Phase 2 expansion of the liquefied natural gas export facility in Kitimat,…
SLB Wins OQEP Contract to Lift Bisat-B Capacity to 548,000 Bpd
SLB has been awarded a contract by OQ Exploration & Production (OQEP) to deliver the Bisat-B Expansion Production Facility in Oman, SLB announced on September 23, 2026. Under the contract, SLB will provide design, engineering, procurement, construction and commissioning services…
Shell Closes Gulf of America Asset Sale With $840 Million Proceeds
Shell Offshore Inc., a subsidiary of Shell plc, announced on September 22, 2026, that it has completed the previously announced sale of its 50% non-operated working interest in the Na Kika platform and associated fields in the Gulf of America,…
Shell Buys Hunlock and Sells RISEC to Constellation for $715 Million
Shell Energy North America (US), L.P. (SENA), a subsidiary of Shell plc, has signed two transactions as part of the ongoing management of its US power portfolio: the acquisition of 100% equity in Hunlock Creek Generating LLC, which owns 169…
Area 4 Partners Select Saipem-Jan De Nul for Rovuma LNG Upstream EPCI
ExxonMobil Moçambique, Limitada, on behalf of Mozambique Rovuma Venture (MRV) representing the Area 4 partners, has signed a letter of intent with Saipem and Jan de Nul for the Rovuma LNG project’s upstream engineering, procurement and technical services, according to…
BP Agrees to Sell Shell Stakes in Brazil and Gulf of America Prospects
BP and Shell have agreed terms for Shell to acquire stakes in two BP-operated exploration prospects, one offshore Brazil and one in the deepwater Gulf of America, BP announced on September 2, 2026. Under the agreed terms, Shell will acquire…
Chevron Announces Venezuela Agreements With $7 Billion Investment Plan
Chevron announced agreements with Venezuela on September 2, 2026, that establish updated terms for its joint ventures in the country, assigning the company additional acreage in the Orinoco Belt and setting enhanced fiscal, commercial and legal terms that underpin joint…
Shell Agrees to Acquire Full Control of Tri Star Energy
Equilon Enterprises LLC, doing business as Shell Oil Products US, has signed an agreement to increase its equity stake in Tri Star Energy, LLC from 33% to 100%, Shell announced on September 1, 2026. The transaction gives Shell full ownership…
S&P Global Hands Geoscience and Petroleum Software Portfolio to SLB
S&P Global announced on September 1, 2026, that it has completed the divestment of its geoscience and petroleum engineering software portfolio to SLB, the global technology company formerly known as Schlumberger. Financial terms of the transaction were not disclosed, and…
ONEOK to Acquire Brazos Midstream Midland Basin Assets for $4.425 Billion
ONEOK, Inc. announced on August 30, 2026, that it has executed a definitive agreement to acquire Brazos Midstream’s Permian Midland Basin natural gas gathering and processing assets for total cash consideration of $4.425 billion. The acquisition will be funded through…
