Upstream

'Blinked first:' DNO pulls plug on possible offer to buy Genel Norway player said target company refused to engage as DNO-Genel-Capricorn story continues to run and run Bijan Mossavar-Rahmani, chief executive of DNO.Photo: GABRIEL SKALEVIK/PARETO

BP awards Baker Hughes contract amid UK North Sea exit Baker Hughes wins services contract to boost recovery across North Sea fields BP chief executive Meg O’Neill.Photo: AFP/SCANPIX

Oxy lays groundwork for 20-well drilling drive in US Gulf Government filing sees Occidental proposing decades-long campaign centered on Bandit prospect Occidental's new chief executive, Richard Jackson.Photo: OCCIDENTAL

Baker Hughes, Subsea7 and Technip Energies pick up awards: Deals of the Week Contracts on this week's list involve projects in the US Gulf, South Asia and Saudi Arabia Baker Hughes chief executive Lorenzo Simonelli. The contractor this week announced it had secured an award from Pakistan's state-owned OGDC.Photo: BAKER HUGHES

$1.6 billion North Dakota carbon capture project revived after state loans Project Tundra, which dates back to 2015, shifts gears with possible EOR connections in mind North Dakota Governor Kelly Armstrong listens to Mark Cuban as he speaks greets during the summer meeting of the National Governors Association at the Broadmoor Hotel in Colorado Springs, Colorado, 25 July 2025.Photo: AP/SCANPIX

Argentina's President Milei threatens to sanction Falklands oil partners Javier Milei claims Argentina will 'prevail' in dispute over oil-rich South Atlantic archipelago Argentina's President Javier Milei.Photo: AFP/SCANPIX

Chinese player moves to gain majority stake in Mexico oilfield Sinopec Oilfield Service Corporation plans to acquire Diavaz’s remaining interest in their Mexican joint venture A football fan rides his bicycle decorated with a Mexican flag in Mexico City during the recent World Cup.Photo: AP/SCANPIX

Russia's President Putin orders renaming of Sila Sibiri 2 pipeline Long-delayed pipeline project to be renamed Sila Baikal but reasons for change remain unclear Russian President Vladimir Putin is seen at the plenary session at the Eastern Economic Forum in Vladivostok in Russia on 2 September, 2026.Photo: ROSCONGRESS/AP/SCANPIX

Chinese shipyard wins arbitration award in near decade-long jack-up rig dispute Singapore-based drilling services provider had claimed SWS failed to deliver jack-up rig on time Shanghai Waigaoqiao Shipbuilding’s shipyard in China.Photo: SWS

South Korea eyes merger of state oil and gas giants Government looking to create new entity encompassing KNOC and Kogas South Korean Prime Minister Han Seong-sook.Photo: AFP/SCANPIX