This week’s energy headlines spotlight deepwater exploration success, structural cost improvements in the Permian, advancing Alaska development, U.S. LNG projects nearing FID, and growing momentum in low-carbon fuels. Here are five stories that stood out:
Top Stories
- Oxy makes an oil discovery at Bandit in GOM
Occidental Petroleum reported a new oil discovery at the Bandit prospect in the deepwater Gulf of Mexico, encountering high-quality Miocene sands. The find could be tied back to existing Green Canyon infrastructure, reinforcing the Gulf’s appeal as a capital-efficient source of long-cycle supply.
- APA slashes Permian Basin D&C costs 30%
APA said drilling and completion costs in the Permian fell about 30% year over year, driven by structural efficiency gains. While the company plans lower activity in 2026, continued cost improvement is expected to support free cash flow generation and balance-sheet strength.
- Santos Nanushuk appraisal a success on North Slope
Santos flowed more than 2,000 barrels per day from the Nanushuk formation at its Quokka appraisal on Alaska’s North Slope. The results support development planning alongside first oil at Pikka Phase One and extend the company’s Alaska production runway.
- Hitting offtake threshold, Caturus launches Commonwealth financing
Caturus moved closer to FID at its Commonwealth LNG project after securing sufficient long-term offtake commitments to launch financing. The Cameron, Louisiana, development is positioned within an integrated well-head-to-water gas strategy.
- Woodside takes control of Beaumont New Ammonia
Woodside Energy took operational control of the Beaumont New Ammonia facility in Texas following completion of performance testing. The plant is producing conventional ammonia, with lower-carbon volumes expected as feedstock issues are resolved, advancing Woodside’s push into global ammonia markets.
Additional Stories
Also this week: SLB OneSubsea won a subsea boosting contract for Beacon’s Shenandoah field, Valaris extended work with Petrobras on the DS4 drillship, Pattern completed its Cordelio acquisition, Heelstone launched new solar builds tied to datacenter demand, and Eni announced a gas discovery offshore Egypt.
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