Corporate & Deals

Harbour Energy lifted its 2026 production outlook to 475,000-500,000 boepd from a prior 435,000-455,000 boepd range, citing early contributions from its LLOG deepwater Gulf of Mexico acquisition. The company has shifted focus to Norway, Argentina, Mexico and the US while scaling back UK investment. Shares rose about 4% on the update. Read →

Pentair completed its $1.4 billion acquisition of Taco Group Holdings, adding hydronic and water-based solutions to its portfolio. The deal expands exposure to high-growth commercial, industrial and mission-critical end-markets including data centers and HVAC. Taco joins Pentair’s Water Solutions segment and will continue operating under its brand. Read →

FTAI Energy Partners agreed to acquire a Texas crude oil terminal and 50% stake in an Alberta diluent recovery unit from USD Group for about $255 million. The assets are expected to generate roughly $50 million in annual EBITDA under long-term take-or-pay contracts serving the Beaumont refinery hub. Closing is targeted for Q4 2026. Read →

J.R. Simplot Company completed its acquisition of Pinnacle Agriculture, combining two leaders in agricultural crop inputs distribution. The combined business now operates more than 240 locations across the US and Canada with over 4,400 employees serving more than 40,000 farmers. Pinnacle teams will operate as Simplot Grower Solutions. Read →

TC Energy confirmed its Coastal GasLink Phase 2 project will proceed after LNG Canada’s FID, nearly doubling pipeline capacity via new compressor stations and upgrades on the existing 670-km route. The expansion, with construction starting early 2027 and in-service in the early 2030s, will transport up to an additional 2.1 Bcf/d of natural gas to the terminal. It creates up to 2,100 peak construction jobs and bolsters Canada’s LNG export infrastructure without new pipeline build. Read →

Stolt-Nielsen reported Q3 net profit of $84.4 million (up from $64.0 million) on revenue of $776.5 million, including a $15.4 million gain on sale of 50% of Avenir LNG. Consolidated EBITDA rose slightly to $194.1 million despite softer tanker operating profit; terminals improved. The results reflect steady underlying performance in liquid logistics and LNG-related investments amid challenging tanker markets. Read →

FTAI Energy Partners (Jefferson) agreed to acquire the Port Arthur, Texas crude terminal and 50% of the Hardisty, Alberta diluent recovery unit from USD Group for $255 million cash. The assets are expected to generate $50 million annual EBITDA and more than double Jefferson’s existing Adjusted EBITDA under a long-term take-or-pay contract. Closing is targeted for Q4 2026 subject to regulatory approvals. Read →

Equinor acquired a 17.4% participating interest in PEL 90 in Namibia’s Orange Basin from Harmattan Energy (Chevron subsidiary), marking its first entry into the country. The license contains a drill-ready prospect to be tested before year-end. The deal aligns with Equinor’s strategy to grow its international exploration portfolio in the Atlantic Margin. Read →

BP appointed Ben Monaghan, former Genel CFO and PJT Partners partner with 20 years at JPMorgan leading EMEA energy banking, as senior vice president for mergers and acquisitions and business development effective early 2027. The move follows Sam Skerry's August shift to supply, trading and shipping and aligns with CEO Meg O'Neill's focus on investment discipline, profitability and divestments to streamline the portfolio. Read →

GeoPark CEO Felipe Bayon said the Colombian producer will invest $7 billion in Venezuela's Bare oilfield in the Orinoco Belt under a 25-year production-sharing agreement, targeting 90,000 barrels per day by 2038 from the current 11,000 bpd. The plan includes reactivating up to 1,100 wells and drilling new horizontal wells in four phases, funded partly by $700 million in liquidity and committed financing. Read →

Shell and joint-venture partners Petronas, PetroChina, Mitsubishi and KOGAS gave final investment decision on LNG Canada Phase 2 in Kitimat, British Columbia, adding two liquefaction trains to double capacity from 14 mtpa to 28 mtpa at an estimated C$33 billion cost. Shell, with a 40% stake, expects nearly 6 mtpa of additional LNG with commercial operations targeted for the early 2030s. Read →

BP is evaluating options including a potential sale of its Brazilian biofuels business, which it took full control of in 2024 via a $1.4 billion acquisition of the remaining 50% stake from a Bunge joint venture. The unit is no longer viewed as core under CEO Meg O'Neill's strategy to focus capital on higher-return oil, gas and other operations amid broader divestment efforts. Read →

MET Sales and Trading, the trading and wholesale arm of Swiss energy company MET Group, acquired a majority stake in Zephiros Energy Trading S.A., a licensed renewables aggregator in Greece. The deal expands MET's presence in Greece's fast-growing renewables and battery storage segments, with Georgios Oikonomou appointed CEO of the acquired entity. Read →

Australia’s Northern Star Resources rejected an unsolicited A$38.7 billion ($27.1 billion) cash-and-shares takeover proposal from South Africa’s Gold Fields that would have created the world’s second-largest gold miner. The board called the offer opportunistic, materially undervalued, and carrying excessive jurisdictional risk via a large equity component. The move underscores consolidation pressure in gold amid high prices but shows targets pushing back on low-premium deals. Read →

FTAI Energy Partners (Jefferson), a subsidiary of FTAI Infrastructure, agreed to acquire the Port Arthur Terminal in Texas and a 50% stake in the Hardisty Diluent Recovery Unit from USD Group for about $255 million. The assets, expected to generate $50 million annual EBITDA, form an integrated crude logistics platform under long-term take-or-pay contracts serving Gulf Coast refiners. The deal more than doubles Jefferson’s EBITDA and is set to close in Q4 2026 pending approvals. Read →

Barrick Mining signed a new collective bargaining agreement with unions at its Loulo-Gounkoto gold complex in western Mali, canceling planned strikes. The deal covers workers at the mine and related contractors after negotiations resolved demands over pay and conditions. It removes near-term operational risk at one of Africa’s major gold operations following prior government disputes. Read →

1947 Oil & Gas plc started trading on London’s AIM after raising £50 million and completing its acquisition of Houston-based Renaissance Offshore. The deal gives the new producer interests in 11 shallow-water Gulf of Mexico fields with 15 MMboe 1P and 19.7 MMboe 2P reserves. The company plans further conventional asset consolidation in the region using the platform. Read →

PTTEP and partner Valeura took final investment decision on Phase 1 of the Bussabong gas field in Block G3/65 offshore Gulf of Thailand. The project will tie into existing Bongkot infrastructure via a 9 km subsea pipeline, targeting first gas in 2028 at 30 MMscfd rising to 40 MMscfd by 2030. It marks a low-capex, repeatable template using existing facilities to meet rising Thai demand. Read →

Saudi Aramco hired Evercore to advise on restructuring its gas operations into a standalone division, potentially enabling new investment or a minority listing valued above $100 billion. Boston Consulting Group supported the Project Gamma plan to unlock value by separating gas from upstream and downstream units. The move aligns with Aramco's strategy to expand gas production and LNG exports while retaining control of core oil assets. Read →

Amni International (60%) and TotalEnergies (40%, operator) reached FID on the $800 million Ima gas project offshore Nigeria on OMLs 112/117. The shallow-water field, discovered in 1973, will produce up to 350 MMcf/d from 2028 via a single platform and pipeline to NLNG, supplying about one-third of gas for Train 7 expansion. Nigeria's reforms and fiscal incentives enabled the fourth major gas FID, with strong local content and low-emission design. Read →

Inpex exercised pre-emptive rights to acquire JERA's 0.735% participating interest in Australia's Ichthys LNG project, blocking a prior agreement with MidOcean Energy. The deal lifts Inpex's stake from 67.82% to 68.555% across the gas-condensate field, pipeline, and liquefaction facilities, subject to Australian regulatory approval. It supports Inpex's upstream gas expansion and Asia-Pacific energy security strategy. Read →

BP entered the data room for Devon Energy's 90,000-net-acre Eagle Ford position in South Texas, which produced 77,000 boepd in Q2, but ultimately declined to pursue a deal valued around $3.5-4.5 billion. The review followed Devon's post-Coterra merger portfolio optimization and aligns with BP's renewed focus on US shale growth under CEO Meg O'Neill. BP already operates 205,000 boepd in the Eagle Ford via BPX Energy. Read →

Shell Offshore completed the sale of its 50% non-operated interest in the bp-operated Na Kika platform and fields plus 100% of the Coulomb tieback in the US Gulf of America for $840 million in cash proceeds. The divestment forms part of ongoing portfolio high-grading, releasing capital from mature assets while Shell advances other deepwater and LNG positions. Talos Energy and Ridgewood Energy affiliate acquired the interests. Read →

Genel Energy increased its cash offer for Capricorn Energy to $436 million, securing board backing with a 10% premium over DNO's rival bid. The deal gives Genel a major foothold in Egypt's Western Desert assets, ending a months-long bidding war. It diversifies Genel's production away from Kurdistan and marks heightened M&A interest in Egyptian upstream amid strong oil prices. Read →

Shell finalized the sale of its 50% non-operated interest in the bp-operated Na Kika platform and 100% interest in the Coulomb tieback for about $840 million in cash. Talos Energy and Ridgewood Energy acquired the assets, which produced 37,000 boed net to Shell in 2025. The deal advances Shell's portfolio high-grading strategy while retaining upside payments and offtake rights. Read →

BP entered data rooms for Devon Energy's Eagle Ford assets in South Texas as part of renewed shale growth efforts under new leadership. The roughly 90,000-net-acre position produced 77,000 boepd in Q2 and is valued around $3.5-4.5 billion. BP targets oil-weighted US shale assets valued $2-5 billion to expand its BPX Energy footprint. Read →

Ignitis signed a 10-year LNG supply agreement with EQT for one cargo per year from 2027-2036, totaling about 10 TWh. The deal, Lithuania's first long-term US contract, links pricing to both Henry Hub and TTF indices to reduce European price volatility exposure. It will cover roughly 40% of residential gas demand. Read →

TotalEnergies and AMNI took FID on the Ima offshore gas field on OML 112/117 near Bonny Island. The $1.1 billion project targets first gas in 2028 at a plateau of 350 MMcf/d, supplying about one-third of the gas needed for Nigeria LNG Train 7 expansion that lifts capacity to 30 mtpa from 22 mtpa. Read →

Shell and Trinidad's NGC agreed commercial terms for gas from the Aphrodite offshore field, ending a pricing dispute and enabling development. First production is expected in Q2 2027; the deal delivers 400% more value to NGC than prior terms and adds modest supply to support LNG and petrochemicals amid declining local output. Read →

Petrobras E&P director Sylvia Anjos said the Sirius offshore gas project in Colombia could enter the company's 2027-2031 business plan production curve if environmental licensing advances. Petrobras operates with 44.4% alongside Ecopetrol; the subsea pipeline design avoids a platform and requires final community consultations. Read →

Glencore received a $500 million commitment from the US Export-Import Bank via VaultCo to source, procure and deliver critical minerals for a strategic US reserve. The public-private partnership aims to strengthen domestic supply chains and reduce disruption risks for American industry. Read →

Chevron will begin seismic surveys in the Ionian Sea and south of the Peloponnese and Crete by end-2026, the Greek energy ministry said. The work follows Chevron's 70% stake in one block and leadership of a consortium on three deepwater blocks awarded for gas exploration. Read →

EQT CEO Toby Rice said the company will produce more US natural gas in 2026 while cutting maintenance capital spending below 2025 levels. Guidance now averages 6.5-6.7 bcfed with capex reduced by $25 million to $2.04-2.19 billion. The flexible shut-in program allows EQT to capture higher prices amid growing LNG and power demand. Read →

Tourmaline will sell 10 million Topaz shares at C$28.75 in a bought deal for C$287.5 million gross proceeds. Funds will support share repurchases under its NCIB and a 5% increase in the quarterly base dividend to C$0.525 per share from Q4 2026. Post-deal ownership in Topaz falls to about 6.4%. Read →

Osisko Gold upsized its senior secured notes offering to US$600 million at 9.25% due 2031. Proceeds will repay the Appian Credit Facility, fund an interest reserve, and advance construction at the Cariboo Gold Project in British Columbia. Closing is expected September 30. Read →

Zeus Resources completed due diligence on the Diaguili copper-gold project in Mauritania after the Ministry validated the environmental notice. The company will proceed to first completion under the US$2 million staged share sale agreement for up to 100% interest. Visible copper mineralization was confirmed during site visits. Read →

Smiths Group reported full-year adjusted operating profit of £399 million, above £388 million consensus. The engineering firm, serving oil and gas among other sectors, launched a process to divest its US asbestos liability to boost free cash flow and cut earnings volatility after a portfolio overhaul. Read →

McDermott International completed a $1.05 billion refinancing including a $500 million equity rights offering (97% subscribed) and $550 million senior secured Nordic bonds due 2031. The move strengthens the balance sheet and extends maturities to support execution of its global oil and gas project backlog. Read →

TotalEnergies entered a $1.8 billion partnership with Global Infrastructure Partners (BlackRock) for interests in certain African oil and gas infrastructure assets. GIP will make the capital contribution in exchange for a throughput-based tariff over up to 15 years. The deal supports TotalEnergies’ African portfolio without specifying exact assets. Read →

Welspun Corp’s Saudi-listed associate East Pipes Integrated Company (EPIC) secured a contract worth over SAR 771 million (Rs 2,000 crore) from Saudi Aramco for manufacturing and supply of steel pipes. The six-month order’s financial impact will appear from Q4 FY27 through Q1 FY28. It bolsters EPIC’s position as a preferred supplier in Saudi energy infrastructure. Read →

Continental Resources signed an MOU with Venezuela’s PDVSA to operate and develop the Ayacucho 2 block in the Orinoco Oil Belt. The 126,000-acre block holds an estimated 30 billion barrels of oil resource in place. The U.S. independent aims to begin production within 18 months via a production-sharing agreement. Read →

Plains All American agreed to buy Silver Creek Midstream’s Powder River Basin crude oil midstream assets for about $585 million in cash. The deal adds roughly 600 miles of pipelines with 350,000 bpd capacity, 1.2 million barrels of storage and a 49% stake in the Powder River Gateway JV. It expands Plains’ Rockies footprint and connectivity to producers in a basin with long-term drilling inventory. Read →

National Fuel Gas said its board will finish evaluating a plan by Oct 15 to separate into two public companies. One would be a regulated utility and pipeline business; the other an independent Appalachian upstream and gathering firm built around Seneca. Any separation would be a tax-free distribution to shareholders. Read →

California Resources agreed to sell its Uinta Basin assets, acquired via the Berry merger, for about $90 million in cash. The non-core Utah/Colorado properties have an effective date of July 1 and are expected to close by year-end. Proceeds will support shareholder returns and offset recent midstream spending while sharpening focus on higher-return California operations. Read →

UK-listed Capricorn Energy agreed to revised all-cash terms for DNO's $396 million takeover, with DNO offering $5.214 cash per share after dropping a dividend component. The deal gives DNO entry into Egypt's upstream while outbidding Genel Energy, amid rising Middle East-focused M&A as higher oil prices support consolidation. Read →

National Fuel Gas is reviewing strategic options for its Seneca Resources natural gas production and midstream assets, potentially valued at around $5 billion. Options include full/partial sale, merger, or spinoff, advised by Goldman Sachs, to focus on its regulated utility business amid AI-driven power demand. Read →

Continental Resources signed an MOU with PDVSA to operate and develop the Ayacucho 2 block in Venezuela's Orinoco Belt, with 30 billion barrels of resource in place across 126,000 acres. The company plans a production-sharing agreement soon and 100% working interest, with first output possible in 18 months. Read →

State-owned Ghana Gas plans a final investment decision by early 2027 on a 278-km $500 million West-East onshore gas pipeline to supply industries in the southeast from its western processing plant. The government would take a 30% stake, with the rest privately funded, to meet rising demand and reduce reliance on shared regional pipelines. Read →

BKV Corp. completed its acquisition of Barnett Shale assets, adding over 65 MMcfe/d production (over 50% liquids), 0.35 Tcfe PDP reserves, 117,000 net acres, 1,000 wells, midstream infrastructure, and an operated CCS project that captured over 100,000 metric tons of CO2 recently. The deal strengthens BKV's position in the basin. Read →

ONEOK agreed to buy Brazos Midstream’s natural gas gathering and processing assets in the Permian Midland Basin for about $4.43 billion in cash. The deal more than doubles ONEOK’s processing capacity in the region to roughly 2.3 Bcf/d once the Cassidy II plant starts in 2027 and is expected to be immediately accretive to earnings and free cash flow. Apollo funds will provide a $9 billion minority equity investment to fund the purchase and repay about $5 billion in debt. Read →

Glencore accused Radiant World and associated companies of sending falsified invoices, contracts and fabricated emails to lenders and ended all business with them. Radiant World and Sapphire Minmetals filed a $2 billion damages suit against Glencore in Singapore. Glencore has taken a roughly $480 million provision on its exposure, one of its largest trading losses as a public company. Read →

Shell Offshore agreed to acquire a 30% working interest in the BP-operated Conifer exploration prospect in the deepwater Gulf of Mexico near the Kaskida development. BP will retain 70% and operatorship; the first exploration well is expected in 2027. Shell will also take a 50% stake in BP’s Tupinambá exploration block in Brazil’s Santos Basin, with BP retaining the rest and operatorship. Read →

Borr Drilling agreed to divest its 51% equity interest in Mexican joint ventures Perfomex to its local partner. Borr will retain ownership of the Galar, Gersemi and Njord jackup rigs working for Pemex and continue participating via bareboat charters with largely unchanged economics. The deal simplifies Borr’s Mexico structure and is expected to close in September 2026. Read →

Petrobras signed a 20-year sales and purchase agreement for 0.8 million tonnes per annum of LNG from Sempra Infrastructure’s Port Arthur LNG Phase 2 project in Texas. The deal, announced September 14 after signing in late August, marks Petrobras as the first South American buyer in Sempra’s LNG portfolio and secures long-term U.S. supply starting around 2030-2031 to reduce spot-market exposure. Read →

Largo executed a definitive debt-restructuring agreement with Caixa Econômica Federal on September 11, extending maturities and easing near-term pressure. The vanadium producer also completed initial copper-PGM concentrate sales expected to generate about $4.7 million in September cash proceeds while temporarily cutting mining rates and shifting 2026 vanadium output to the low end of guidance. Read →

Glenfarne Global Commodities secured 1.5 MTPA of LNG offtake from Texas LNG for Atlantic markets and positioned to add Alaska LNG volumes once customer allocations finalize. The moves provide portfolio flexibility across basins ahead of Texas LNG FID and support project financing with amended EQT offtake terms. Read →

Mercuria and Eni agreed a 50:50 joint venture headquartered in Geneva to trade crude oil, refined fuels, biofuels, gas and LNG. The standalone venture combines Mercuria’s trading expertise with Eni’s physical assets and is Mercuria’s second JV this year. Read →

Agnico Eagle agreed to sell its Delta base/precious metals project and Helm Bay gold project in Alaska to Vizsla Copper in exchange for shares representing about 19.99% of Vizsla plus contingent milestone payments. The transaction gives Agnico exposure to Vizsla’s copper assets while exiting non-core Alaska holdings. Read →

Petronas and PTT subsidiaries secured government approvals for a new 35-year production-sharing contract on Block A-18-01 in the Malaysia-Thailand Joint Development Area, effective from January 1, 2026. The deal extends development beyond the prior contract's April 2029 expiry and adds exploration acreage across 7,250 sq km with 700 MMscfd combined capacity. It includes a gas sales agreement to sustain supplies to both countries amid Middle East disruptions. Read →

Aliko Dangote opened Africa's largest IPO, offering 4.1 billion shares in the 700,000 bpd Dangote Petroleum Refinery at 525 naira each to raise up to 2.15 trillion naira ($1.6 billion). The 10-year, $20 billion-built plant runs at full capacity and plans expansion to 1.4 million bpd by 2029; proceeds fund growth. The offer targets retail investors with a 10-share minimum and closes October 13. Read →

Chevron's Global Gas president said the company seeks LNG portfolio growth in Argentina and the East Mediterranean to reach 20 mtpa supply capacity amid buyer security concerns from Middle East disruptions. It already has 16 mtpa net production plus 4 mtpa U.S. Gulf Coast contracts. India demand is expected to grow, though price sensitivity remains a hurdle for new deals. Read →

Uniper agreed to sell its 20% stake in the Opal gas pipeline, one of Europe's largest transmission corridors, to Hy24, a hydrogen-focused joint venture of Ardian and FiveT Hydrogen. The deal advances EU-mandated asset disposals tied to Uniper's 2022 state bailout, subject to regulatory approval and Gascade's pre-emption right. Financial terms were not disclosed. Read →

Metlen Energy & Metals signed a long-term LNG supply agreement with Petronas under which Petco Trading will deliver six cargoes (0.6 bcm/year) annually from Petronas' Atlantic portfolio over five years starting 2027. The deal diversifies Metlen's LNG sourcing, boosts supply security for Greece and Southeast Europe, and reinforces Greece as a regional energy hub. Read →

Enbridge agreed to acquire Blackstone-owned Tallgrass Energy's crude oil business for $2.55 billion in cash. The deal adds a 75% stake in the 460,000 bpd Pony Express Pipeline linking Rockies production to Cushing, plus Powder River Gateway stakes, 8.4 million barrels of storage, and marketing assets. It expands Enbridge's U.S. liquids network and is expected to be accretive to distributable cash flow per share. Read →

Tamarack Valley and Headwater Exploration agreed to an all-stock merger valued at C$10 billion ($7.25 billion), creating the largest pure-play producer in Alberta's Clearwater oil play. Headwater shareholders receive one Tamarack share per share; the combined entity targets over 80,000 boepd run-rate production across 1,500+ sections with plans for a 20% dividend increase. Read →

Shell Energy North America agreed to sell its Rhode Island State Energy Center gas-fired plant (609 MW) to Constellation Energy for $715 million while acquiring 100% of Hunlock Creek Generating (169 MW gas-fired) in Pennsylvania. The moves reposition Shell's U.S. power portfolio toward the PJM market amid data-center-driven demand growth. Read →

Copart agreed to acquire peer ACV Auctions in an all-cash deal valued at about $1.9 billion. The transaction marks Copart's entry into dealer-to-dealer wholesale remarketing of vehicles. Read →

Baker Hughes raised its 2026 revenue forecast to $28.50-30.30 billion and adjusted EBITDA to $4.88-5.48 billion after closing the $13.6 billion Chart Industries acquisition in July. CEO Lorenzo Simonelli highlighted improving visibility for LNG equipment orders into 2027 despite near-term headwinds from project timing and hydrogen demand. The update underscores services-sector consolidation and LNG-linked growth amid volatile energy markets. Read →

TotalEnergies CEO Patrick Pouyanne said the company and partners will invest $10 billion in Angola over five years to sustain 450,000 bpd output and advance projects including the $6 billion Kaminho FPSO. The firm also signed new exploration licenses for Blocks 17 and 32 with ExxonMobil and announced the Acacia-5 discovery adding 6,000 bpd via fast-track tie-in. The spend supports Angola's goal of holding national production near 1 million bpd. Read →

Energean reported first-half profit after tax of $160 million, up 45% year-on-year, aided by a lower Italian tax charge after recognizing deferred tax assets. Production averaged 124,000 boepd in H1 but rebounded strongly post-April restart, with August rates exceeding 180,000 boepd and eight-month average at 135,000 boepd in line with full-year 130-140,000 boepd guidance. The gas-focused producer keeps Katlan first gas on track for H1 2027. Read →

Chevron CFO Eimear Bonner said the company will more than double its Venezuela rig count under updated joint-venture terms and additional Orinoco Belt acreage. The three JVs plan over $7 billion of investment through 2031 to lift output from 290,000 bpd toward 600,000 bpd at costs below $20/bbl. The move expands Chevron's position in the country's largest reserves base. Read →

Tamarack Valley Energy agreed to acquire Headwater Exploration in a C$10 billion ($7.24 billion) all-stock merger. The deal creates Canada's largest publicly traded pure-play producer in Alberta's Clearwater oil play with run-rate output above 80,000 boepd and more than 1,500 contiguous sections. Tamarack shareholders will own 66.5% of the combined entity. Read →

Rio Tinto agreed to acquire the Aurukun Bauxite Project in Queensland from a Glencore-Mitsubishi joint venture. The deal expands Rio's existing Weipa bauxite operations in the region, though the project remains under a mineral development licence without a mining lease. Financial terms were not disclosed and regulatory approvals are pending. Read →

TotalEnergies completed a swap with Galp, acquiring a 40% operated interest in Namibia's PEL83 licence containing the Mopane oil discovery. Galp received a 10% stake in the Venus discovery block and a 9.39% interest in PEL91. The move positions TotalEnergies to operate Namibia's two largest offshore discoveries ahead of appraisal drilling. Read →

Williams closed its $5.5 billion acquisition of Momentum Midstream, adding more than 4,000 miles of Haynesville pipelines and 6 Bcf/d gathering capacity. The deal expands Williams' position to serve growing Gulf Coast LNG, power and industrial demand. Williams raised its 2026 adjusted EBITDA guidance following the close. Read →

Williams completed its $5.5 billion cash-and-stock acquisition of Momentum Midstream from EnCap Flatrock. The deal adds over 4,000 miles of pipelines, 6 Bcf/d gathering capacity and take-or-pay contracts in the Haynesville basin. It strengthens Williams' position to serve rising Gulf Coast LNG, power and industrial natural gas demand. Read →

TotalEnergies will sell a 9.1% stake in Papua LNG to partners and transfer operatorship to ExxonMobil while retaining 20%. Project capex has been cut to around $14 billion after nearly $4 billion in savings. The moves clear hurdles for a final investment decision targeted for Q4 2026 on the 5.6 Mtpa LNG project. Read →

GeoPark partnered with Colombia's Grupo Gilinski to acquire and redevelop the Bare heavy oil block in Venezuela's Orinoco belt under a 25-year contract with PDVSA. Current gross production is about 11,000 b/d with redevelopment targeting 400 million barrels net to GeoPark. The equity-financed deal will make Gilinski the controlling shareholder of GeoPark. Read →

Eni and Petronas signed a feasibility agreement to develop high-performance bio-gasoline from renewable feedstocks using Eni's Ecofining process. The fuel targets motorsport use initially before potential commercial rollout. The pact expands their collaboration beyond a recent 50-50 JV in Indonesia and Malaysia. Read →

ONEOK agreed to acquire Brazos Midstream's Permian Midland Basin natural gas gathering and processing assets for $4.425 billion. The deal more than doubles ONEOK's processing capacity in the region and is backed by a $9 billion non-voting minority equity investment from Apollo funds. It is expected to close in Q4 2026 and be immediately accretive. Read →

South Korea and the U.S. agreed on a roughly $22.3 billion investment to build a 6.3-gigawatt natural gas plant in Encinal, Texas, to supply AI data centers. It marks Seoul's first major U.S. project under a $350 billion trade investment pledge. The plant targets rising power demand from data centers. Read →

Seven core OPEC+ members kept required oil production levels unchanged for October following a virtual meeting. The pause follows six straight monthly increases as the group shifts focus to 2027 quota reviews amid Iran conflict disruptions. The next meeting is set for October 4. Read →

Chevron CEO Mike Wirth said the company's long-term presence enabled a major expansion deal adding new Orinoco Belt acreage and supporting $7 billion in investments. Production targets reach 600,000 barrels per day by 2031 at low costs. The move aligns with broader U.S. efforts to boost Venezuelan output. Read →