Tag: Upstream

Ecopetrol to drill as much as 430 wells below 2026 funding plan as upstream stays precedence

Ecopetrol has accredited an funding plan of COP 22–27 trillion ($5.4–$6.7 billion) for 2026, sustaining capital ranges much like these projected for year-end 2025 whereas prioritizing upstream improvement and operational efficiencies. Roughly 70% of...

Frontera to create standalone upstream firm by means of Colombian infrastructure spin-off

(WO) - Frontera Power Corp. plans to separate its Colombian infrastructure property into a brand new impartial firm—Frontera Infrastructure—leaving Frontera Exploration & Manufacturing (E&P) as a centered, pure-play upstream operator. The restructuring, introduced...

TotalEnergies invests $100 million to scale upstream decarbonization applied sciences

(WO) - TotalEnergies has dedicated $100 million to Local weather Funding’s enterprise technique fund, a transfer geared toward accelerating the deployment of methane-reduction, carbon seize and energy-efficiency applied sciences throughout the worldwide oil...

bp studies $7.8 billion money movement, robust upstream efficiency and 6 undertaking startups in Q3 2025

bp plc reported working money movement of $7.8 billion and underlying substitute value revenue of $2.2 billion for the third quarter of 2025, reflecting stronger upstream efficiency and improved refining margins throughout its...

Nigeria’s NNPC expands upstream portfolio with deepwater PSCs, $60 billion funding drive

Pictured above: Nigeria's Akpo offshore manufacturing discipline. Picture: Sapetro Nigeria’s NNPC Ltd. is accelerating upstream oil and fuel development with new manufacturing sharing contracts alongside TotalEnergies, crude provide agreements with Dangote Refinery, and progress...

Upstream M&A slowed to $14 billion in Q2 2025, Enverus says

Upstream M&A decelerated within the second quarter of 2025, with worth falling 21% quarter-over-quarter to $13.5 billion, in accordance with Enverus Intelligence Analysis (EIR) abstract of Q2 2025 upstream M&A exercise and outlook...

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