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05 Oct 26
Cenovus announces agreement to acquire Athabasca Oil Corporation
Cenovus Energy has entered into a definitive arrangement agreement to acquire Athabasca Oil Corporation in a cash and stock transaction with an implied enterprise value of $5.7 billion.
05 Oct 26
Reach Subsea exercises extension option for Deep Cygnus
Reach Subsea has exercised the one-year extension option under the charter agreement for the subsea vessel Deep Cygnus. The option exercise extends the agreement through March 2028.
05 Oct 26
UK: Orcadian announces termination of joint development agreement
On 2 September Orcadian announced that it had entered into a non-exclusive, joint development agreement with an American developer of offshore data centre infrastructure. Both companies have now agreed to terminate the agreement.
04 Oct 26
Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman reaffirm commitment to market stability
The seven OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman met virtually on 4 October 2026, to review global market conditions and outlook. The seven participating countries decided to maintain September 2026 required production for November 2026.
04 Oct 26
Norway: Aker BP appoints new executive management team
Aker BP has appointed a new executive management team, effective 1 January 2027. The new team will be organised around the company’s value chain, from exploration to production, to strengthen collaboration, reduce complexity and improve execution.
04 Oct 26
The President of the Republic of Argentina, Javier Milei, meets Eni CEO Claudio Descalzi
The President of the Republic of Argentina, Javier Milei, met October 2 in Paris with Eni Chief Executive Officer Claudio Descalzi on the sidelines of the institutional and industrial events organized as part of Argentina Week. During the meeting, the parties discussed prospects for cooperation in the energy sector and investment opportunities in Argentina, with particular focus on the development of the country’s gas resources and projects aimed at strengthening its role in international energy markets.



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