news articles

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

BP has begun production at the Murlach field in the UK North Sea, its sixth major upstream oil and gas project to start up this year. The six additions will contribute roughly 150,000 barrels of oil equivalent per day (boepd) of combined peak net production. This production supports bp’s goal of delivering an extra 250,000boepd of combined peak net production by the end of 2027. https://www.offshore-technology.com/newsletters/bp-sixth-major-upstream-start-up/?_hsmi=119309415&

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