news articles

Shell Plc will invest about $1 billion on new oil blocks in Angola as the southern African nation seeks to boost production that’s dwindled over the years, the chairman of the oil regulator said.  https://worldoil.com/news/2025/11/3/shell-expands-in-angola-with-1-billion-offshore-exploration-investment/

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SM Energy is merging with rival producer Civitas Resources , a deal that expands SM’s scale in the Permian Basin and marks its entry into Colorado. https://www.hartenergy.com/energy-market-transactions/acquisitions-and-divestitures/he-sm-civitas-merger-announcement/?utm_source=hart-energy-alert&utm_medium=email&utm_campaign=20251103

Brazilian state-run oil company Petrobras has reached a milestone with the Almirante Tamandaré floating production, storage and offloading (FPSO) unit, operating in the Búzios field in the pre-salt Santos Basin, with record production rate of 270,000 barrels per day (bpd), surpassing its nominal capacity. https://www.oedigital.com/news/531641-brazil-petrobras-hits-record-fpso-output-of-270-000-bpd-at-b-zios-field?utm_source=AOGDigital-ENews-2025-10-28&utm_medium=email&utm_cam

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Brazil's state-run oil firm Petrobras and Norway's Equinor were the big winners in a Wednesday auction for areas in Brazil's offshore pre-salt region, acquiring one oil block each and partnering to develop a third . https://www.oedigital.com/news/531427-petrobras-and-equinor-big-winners-in-brazil-s-offshore-oil-and-gas-auction?utm_source=AOGDigital-ENews-2025-10-23&utm_medium=email&utm_campaign=OEDigital-ENews

Vår Energi ASA reported strong third-quarter 2025 results, highlighted by accelerated project delivery and rising production from key developments on the Norwegian Continental Shelf. The company said seven of nine new growth projects scheduled for 2025 start-up are already on stream, positioning Vår Energi ahead of schedule in its transformation plan. https://worldoil.com/news/2025/10/21/var-energi-delivers-record-offshore-output-as-new-norwegian-fields-drive-long-term-growth

The Jazza field, which spans 40 square km (15.44 square miles), is estimated to hold around 1 trillion cubic feet of gas and over 120 million barrels of condensates, equivalent to roughly 350 million barrels of oil equivalent, KOC said in a statement. https://www.oedigital.com/news/531055-kuwait-makes-third-offshore-oil-discovery?utm_source=AOGDigital-ENews-2025-10-14&utm_medium=email&utm_campaign=OEGDigital-ENews