Shenandoah

The oil and gas exploration partnership Navitas recorded a sharp jump in revenues in the second quarter of 2026, following the start of full production at its flagship project - the Shenandoah reservoir in the Gulf of Mexico. Net profit stood at $77 million, compared to a loss of $56 million in the same quarter last year.

Navitas Petroleum concluded the first half of 2026 with a sharp rise in activity following the launch of the Shenandoah project. The partnership recorded revenues of 517.2 million dollars and a net profit of 80.4 million dollars.