Energy, Oil & Gas

Action Energy Q1 revenue climbs 69.2pc on rig fleet expansion

Action Energy Company, a Kuwait-based upstream services provider, reported strong first-quarter 2026 growth, with revenue rising 69.2 per cent year-on-year as the Kuwait-based upstream services provider expanded its operating rig fleet from 13 rigs in Q1 2025 to 20 rigs this year....

Energy, Oil & Gas

Aramco, solutions by stc to deploy $372.5m supercomputer for upstream operations

Aramco and solutions by stc are collaborating to deploy a next-generation supercomputer to enhance upstream operations. The $372.5 million system will boost seismic imaging and reservoir modelling, delivering sevenfold compute capacity, accelerating hydrocarbon discovery....

Energy, Oil & Gas

Cameroon’s latest licensing round targets upstream growth

Cameroon’s National Hydrocarbons Corporation (SNH) has opened a licensing round for nine exploration and production blocks in the Rio del Rey and Douala/Kribi-Campo basins, accepting proposals until March 30, 2026, with awards in April. ...

Energy, Oil & Gas

TotalEnergies merges its upstream business with NEO NEXT

TotalEnergies has signed an agreement with NEO NEXT Energy (NEO NEXT) under which TotalEnergies will merge its upstream business with NEO NEXT and become the leading shareholder in the expanded NEO NEXT, which will be renamed NEO NEXT+, with a 47.5 per cent ownership....

Energy, Oil & Gas

Adnoc, SLB launch AI-powered solution to boost productivity

Adnoc and SLB announced the launch of an artificial intelligence (AI)-powered Production System Optimisation (AiPSO) platform with initial deployment across eight fields....

Energy, Oil & Gas

Petronas, Oman’s OQEP partner to advance upstream

OQ Exploration and Production New Ventures, a subsidiary of OQ, and Petronas Carigali International Ventures have signed a memorandum of understanding to formalise a strategic cooperation agreement, aiming to collaborate on ventures in the oil and gas exploration and production sector....

Energy, Oil & Gas

bp starts up its sixth major upstream O&G project in 2025

bp has started up its sixth major upstream oil and gas project of 2025 with production from the Murlach field in the UK North Sea. The six projects add around 150,000 barrels of oil equivalent per day (boed) combined peak net production, contributing to bp’s target to deliver an additional 250,000 boed combined peak net production by the end of 2027....