Equinor Commits $1.6 Billion to North Sea Drilling
5, May 2026
Equinor commits $1.6 billion to drilling and well service agreements to sustain production on the Norwegian Continental Shelf.
oil and gas
Mermaid Maritime Forms Brunei Joint Venture
28, April 2026
Mermaid Maritime has established Serikandi Mermaid SDN BHD in Brunei to support offshore T&I, IRM, decommissioning and pipeline projects.
ConocoPhillips Marks 30 Years at Heidrun
18, March 2026
Heidrun marked 30 years of production in October after producing more than 1.5 billion barrels of oil and gas, with output still averaging 60,000 to 65,000 barrels per day and further development under review.
BP–TPAO MoU Targets Joint Oil and Gas Projects
14, February 2026
BP and TPAO signed an MoU framing cooperation in oil and gas exploration, field development and infrastructure, with Iraq a priority and Libya also in view alongside regional project assessments.
US Puts 15,066 Gulf Blocks Back on the Table
5, February 2026
BOEM advances BBG2, proposing 15,066 unleased blocks covering 80.4 million acres in the Gulf of America. Live bid reading is set for 11 March 2026 at 9 a.m. CT.
Norway Hands Out 57 Offshore Licence Offers in APA 2025
14, January 2026
Norway’s energy ministry offered 57 production licences to 19 firms in APA 2025, covering the North Sea, Norwegian Sea and Barents Sea, with binding work programmes and awards set after May 2025 applications.
Malaysia remains core hub for PETRONAS oil and gas
9, January 2026
BMI says Malaysia will remain a major oil and gas investment location as PETRONAS maintains about RM50 billion in upstream capex, expands overseas assets and advances CCS and LNG-related spending.
bp appoints Meg O’Neill as next CEO
18, December 2025
bp has named Meg O’Neill as its next CEO from 1 April 2026, with Carol Howle as interim CEO and Murray Auchincloss staying on as adviser while Woodside Energy appoints Liz Westcott acting CEO.
TotalEnergies and Neo Next set up Neo Next+ in UK North Sea
9, December 2025
TotalEnergies will merge its UK offshore assets with Neo Next Energy to form Neo Next+, expected to be the largest independent oil and gas producer in the UK with output above 250,000 boe/d in 2026.
