This week’s energy headlines spotlight supermajor performance gains, onshore efficiency improvements, Canadian SAGD expansion, rising LNG-driven midstream buildout, and continued offshore momentum. Here are five stories that stood out:
Top Stories
- BP reports strong 2025 execution toward 3-year targets
BP reported ahead-of-schedule progress on cost reductions, upstream execution and cash flow growth, supported by high reliability across its global portfolio. A disciplined capital program continues to underpin long-term deleveraging and stable production.
- Oxy chasing more savings in 2026 after hitting record output
Occidental posted record production while lowering well costs across its U.S. onshore business. The company expects more savings in 2026 through improved design, longer laterals, and ongoing optimization across its Permian and Rockies programs.
- ConocoPhillips brings 104W A online at Surmont, eyes 2027 growth
ConocoPhillips brought a new steam-assisted gravity drainage pad online ahead of schedule at Surmont in Alberta. The project remains a key element of the company’s long-term growth plan, with additional pads supporting rising output into 2027.
- Whistler JV doubles down on Rio Grande feed gas with Bay Runner
The Bay Runner pipeline extension will deliver feed gas to Rio Grande LNG, expanding connectivity between the Permian Basin and the Gulf Coast. The project advances as LNG demand continues to strengthen globally.
- Permian G&P firm Kinetik for sale after Western offer, per FT
Kinetik is reportedly exploring strategic alternatives after receiving an unsolicited proposal, the Financial Times reported, underscoring consolidation interest in the Delaware Basin’s gas gathering and processing sector.
Additional Stories
Also this week: Cheniere celebrated a decade of Lower 48 LNG exports, NOV raised its quarterly dividend, Tidewater expanded its offshore fleet in Brazil, Helmerich & Payne’s Turan JV secured a major BP contract renewal, and Dominion Energy advanced its Coastal Virginia Offshore Wind project toward first power.
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