bp will reorganize its business into Upstream and Downstream divisions from 1 July, aiming to simplify operations, improve execution and strengthen shareholder returns.
Woodside Energy has appointed Liz Westcott as Chief Executive Officer and Managing Director after she served as Acting CEO since December 2025. The appointment follows a recruitment process covering internal and external candidates.
Eni and PETRONAS formed an equal joint venture combining upstream operations in Indonesia and Malaysia, investing over $15 billion over the next five years.
Santos announced that CFO Sherry Duhe has resigned after less than a year, appointing Lachlan Harris as Acting CFO.
Norwegian offshore service provider AKOFS Offshore has signed a 4-year, USD 246 million contract extension with Petrobras for continued MPSV operations in Brazil. The AKOFS Santos vessel will remain in service under the new agreement starting January 2027.
