Tag: Upstream

bp considers exit from UK North Sea as CEO evaluations upstream portfolio

(Bloomberg) – bp Plc is contemplating probably exiting half or all of its operations within the UK North Sea, individuals acquainted with the matter stated, because the oil big works to strip belongings...

SLB acquires S&P International upstream software program, advancing AI-driven subsurface technique

(WO) - SLB has agreed to amass the upstream geoscience and petroleum engineering software program portfolio of S&P International’s power division, increasing its digital subsurface capabilities and presence in U.S. unconventional workflows.  ...

Parex makes $500 million bid for Frontera’s Colombia upstream belongings

(WO) - Frontera Vitality stated it has obtained a binding provide from Parex Assets to amass the corporate’s upstream oil and gasoline belongings in Colombia, figuring out that the proposal constitutes a “superior...

Texas upstream employment rebounds in December 2025

(WO) - Texas Unbiased Producers and Royalty Homeowners Affiliation (TIPRO) reported a rebound in Texas upstream oil and gasoline employment in December 2025, citing new information from the U.S. Bureau of Labor Statistics....

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...

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