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Deals•Feb 25, 2026
MCM Energy Completes Acquisition of Battalion Oil Assets in the Permian Basin
MCM Energy Partners completed the acquisition of crude oil and natural gas assets in the Delaware basin from Battalion Oil Corporation, adding over 6,200 net acres in the Permian basin. The transaction is supported by a new senior secured credit facility with Valor Upstream Credit Partners II, managed by Breakwall Capital and partnered with Vitol.
World Oil – News
Deals•Feb 20, 2026
Tullow Oil to Acquire TEN FPSO for $205M
Tullow Oil has signed a sale and purchase agreement to acquire the FPSO Prof. John Evans Atta Mills, which serves the TEN fields on Ghana’s Deepwater Tano block, for a gross consideration of $205 million. The acquisition, expected to close in Q1 2027,...
World Oil – News
Deals•Feb 18, 2026
SM Energy to Sell South Texas Assets to Caturus Energy for $950 Million
SM Energy announced it will sell its South Texas assets, including 61,000 net acres and 260 producing wells, to Caturus Energy for $950 million in cash. The transaction, effective Feb. 1, 2026, is expected to close in Q2 and will help SM...
World Oil – News
News•Feb 17, 2026
Buccaneer Reports Production Gains From East Texas Oil Recovery Pilot
Buccaneer Energy completed an organic oil recovery (OOR) pilot at its Pine Mills field in East Texas, treating one water injector and two producing wells. Post‑treatment production in the pilot zone rose from roughly 15 barrels per day to about 30...
By World Oil – News
Deals•Feb 17, 2026
Ovintiv Agrees to $3 Billion Sale of Anadarko Basin Assets
Ovintiv Inc. announced it will sell its Anadarko basin assets in Oklahoma, comprising about 360,000 net acres and 90,000 boed, to an undisclosed buyer for $3 billion in cash. The transaction is slated to close early in Q2 2026, with Wells Fargo...
World Oil – News
News•Feb 16, 2026
Congo Launches Phase 2 LNG Exports From Nguya FLNG Facility
The Republic of Congo has begun Phase 2 LNG exports from the new Nguya FLNG facility, boosting total project capacity to roughly 3 million metric tons per year. Operated by Eni, the unit was commissioned ahead of schedule and shipped its first...
By World Oil – News
News•Feb 16, 2026
Canada Backs Carbon Capture Buildout to Secure Oil Sands Future, Energy Minister Says
Canada’s energy minister announced a C$16.5 billion Pathways Alliance carbon‑capture buildout in Alberta’s oil sands, linking the project to a new pipeline deal and a higher industrial carbon price. Six of the country’s largest oil‑sands producers will capture and store CO₂...
By World Oil – News
News•Feb 13, 2026
Nigeria Marginal Field Dispute Raises Investor Concerns After Dawes Island Court Ruling
A Federal High Court in Nigeria overturned the 2020 revocation of the Dawes Island marginal field licence, reinstating Eurafric Energy Limited’s rights. The ruling challenges the Ministry of Petroleum Resources’ decision not to renew the licence after a decade of...
By World Oil – News
News•Feb 13, 2026
Elemental Energies Acquires APT to Expand Subsurface and Basin Modeling Capabilities
Elemental Energies announced the acquisition of Applied Petroleum Technology (APT), a specialist geoscience and petroleum geochemistry firm. The deal integrates APT’s basin modeling, geochemical analysis, and digital wellsite tools with Elemental’s existing reservoir and engineering services, creating a full‑life‑cycle subsurface...
By World Oil – News
News•Feb 13, 2026
MOL Group Enters Libya Offshore in Joint Venture with Repsol and TPAO
MOL Group has secured a 20% stake in Libya’s O7 offshore block through a joint venture with Repsol and Turkey’s TPAO. The block covers over 10,300 sq km in water deeper than 1,500 m, awarded in Libya’s first licensing round in 17 years....
By World Oil – News
News•Feb 13, 2026
Harbour Closes $3.2-billion LLOG Deal, Expands Deepwater Position in U.S. Gulf
Harbour Energy completed a $3.2 billion acquisition of LLOG Exploration, giving it a fully operated deepwater portfolio in the U.S. Gulf of America. The deal adds roughly 36,000 boe/d of production, with a target of 65,000‑70,000 boe/d by 2028 through ongoing development. Financing...
By World Oil – News
News•Feb 13, 2026
JERA Closes $1.5-billion Haynesville Shale Acquisition in Louisiana
JERA has closed a $1.5 billion purchase of the South Mansfield asset in the Haynesville shale, securing full ownership of a core gas field in western Louisiana. The acquisition gives JERA direct access to a supply corridor that feeds Gulf Coast...
By World Oil – News
News•Feb 13, 2026
North Sea’s First Methane-Certified ‘Grade A’ Gas Project Launched by ONE-Dyas
ONE‑Dyas has launched the N05‑A development in the Dutch‑German North Sea, becoming the region’s first offshore gas project to earn MiQ Grade A certification for methane emissions. The field, part of the GEMS area, holds up to 50 billion cubic metres of...
By World Oil – News
News•Feb 13, 2026
Partners Advance Vaca Muerta-Linked Argentina LNG Export Development
YPF, Eni and XRG have signed a binding joint development agreement to move the Argentina LNG project forward, leveraging gas from the Vaca Muerta shale play. The plan calls for two floating LNG units delivering a combined 12 million tonnes per year...
By World Oil – News
Deals•Feb 12, 2026
JERA Completes $1.5B Haynesville Shale Acquisition From Williams and GeoSouthern Energy
JERA Co., Inc., via JERA Americas, closed its $1.5 billion acquisition of the South Mansfield upstream asset in Louisiana’s Haynesville shale, buying it from Williams and GeoSouthern Energy affiliates. The deal expands JERA’s U.S. upstream portfolio and supports its low‑carbon LNG...
World Oil – News
Deals•Feb 11, 2026
Elemental Energies Acquires Applied Petroleum Technology to Expand Subsurface and Basin Modeling Capabilities
Elemental Energies announced the acquisition of Applied Petroleum Technology AS (APT), a specialist geoscience and petroleum geochemistry firm, to strengthen its global subsurface, geochemistry and reservoir analysis capabilities. The deal adds roughly 10% to Elemental’s workforce, bringing total staff to...
World Oil – News
Deals•Feb 11, 2026
Harbour Energy Completes $3.2 Bn Acquisition of LLOG Exploration
Harbour Energy has completed its $3.2 bn acquisition of LLOG Exploration Company LLC, adding a deepwater oil portfolio in the U.S. Gulf. The deal, financed with $2.7 bn in cash and $0.5 bn in newly issued Harbour shares, expands Harbour’s offshore presence across...
World Oil – News