Tag: Upstream

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...

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...

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