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White House Announces Venezuela Oil Agreement Covering 17 Fields and Up to $100 Billion of Planned Infrastructure

White House Announces Venezuela Oil Agreement Covering 17 Fields and Up to $100 Billion of Planned Infrastructure

by Efrain Garcia | Sep 8, 2026 | Upstream News

The White House says North American Blue Energy Partners received 100-year concessions covering 17 Venezuelan oil fields and plans to invest up to $100 billion in new oil infrastructure, but the government has not identified the fields or published a...
Shell Reaches FID on Three-Well Phase 12a Deepwater Gas Development Offshore Egypt

Shell Reaches FID on Three-Well Phase 12a Deepwater Gas Development Offshore Egypt

by Efrain Garcia | Sep 7, 2026 | Upstream News

The sanctioned development will add three deepwater gas wells tied into existing West Delta Deep Marine subsea infrastructure, with first production targeted for 2028. Published by Allstream Insiders Allstream Insiders Summary Shell subsidiary BG Delta Limited and its...
Weatherford Shareholders Approve Move of Parent Company to Delaware, Targeting Fourth-Quarter 2026 Completion

Weatherford Shareholders Approve Move of Parent Company to Delaware, Targeting Fourth-Quarter 2026 Completion

by Efrain Garcia | Sep 7, 2026 | Upstream News

This article is brought to you by: Tuboscope, leaders in high performance internal coatings built to protect tubulars in harsh operating environments The oilfield-services company expects the proposed change in the legal domicile of its ultimate parent company from...
Comstock Signs $1.65 Billion SOCAR Letter of Intent and Launches $450 Million Haynesville Drilling Venture

Comstock Signs $1.65 Billion SOCAR Letter of Intent and Launches $450 Million Haynesville Drilling Venture

by Efrain Garcia | Sep 1, 2026 | Upstream News

This article is brought to you by: Tuboscope, leaders in high performance internal coatings built to protect tubulars in harsh operating environments The proposed SOCAR transaction covers interests in Comstock’s Legacy and Western Haynesville assets and Pinnacle...
Sage Advances EGS Scale-Up with South Texas SMECI Operations and Chiyoda Facilities Study

Sage Advances EGS Scale-Up with South Texas SMECI Operations and Chiyoda Facilities Study

by Efrain Garcia | Aug 30, 2026 | Upstream News

This article is brought to you by: Tuboscope, leaders in high performance internal coatings built to protect tubulars in harsh operating environments Allstream Insiders Summary Sage Geosystems has placed its SMECI enhanced-geothermal facility in South Texas in service...
Quaise Closes $180 Million Series B as Nabors Invests $35 Million and Drills at Project Obsidian

Quaise Closes $180 Million Series B as Nabors Invests $35 Million and Drills at Project Obsidian

by Efrain Garcia | Aug 29, 2026 | Upstream News

This article is brought to you by: Tuboscope, leaders in high performance internal coatings built to protect tubulars in harsh operating environments A Nabors PACE-B rig is drilling at the Central Oregon geothermal development, where Quaise targets a 50-MW first phase...
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Recent Posts

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  • Wood Secures $200 Million, Five-Year Construction Services Contract With ExxonMobil PNG
  • Seadrill Adds Approximately $200 Million in Offshore Rig Backlog Across Three Contracts

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