Industry News
Sponsored: Spectrum Camera Solutions Wins Prestigious SIA NPS Award at ISC West 2025 for Explosion-Proof Surveillance Innovation
Spectrum Camera Solutions proudly announces its recognition as a winner in the 2025 Security Industry Association (SIA) New Products and Solutions (NPS) Awards HOUSTON, TX, UNITED STATES — Spectrum Camera Solutions, a leading manufacturer of explosion-proof video...
$608 MILLION DIVESTITURE: APA Corporation Announces First-Quarter 2025 Financial and Operational Results
Key Takeaways Reported production of 469,000 barrels of oil equivalent (BOE) per day; adjusted production excluding Egypt noncontrolling interest and tax barrels, was 398,000 BOE per day; Notable efficiency gains, primarily in Permian drilling, enabling reduction of...
Permian Resources Announces Strong First Quarter 2025 Results, Revised 2025 Guidance and Strategic Bolt-On Acquisition of Core Northern Delaware Basin Assets
MIDLAND, Texas – Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced its first quarter 2025 financial and operational results, revised full year 2025 guidance and a strategic Northern Delaware Basin bolt-on acquisition....
Approx $135 Million: Valaris Announces Contract Award for Drillship VALARIS DS-15
This News Article brought to you by: K+B Industries Leaders in Premium Threading and Machining HAMILTON, Bermuda--(BUSINESS WIRE)-- Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) announced today that it has been awarded a five-well contract offshore West...
SLB OneSubsea and Subsea7 Awarded EPCI Contract for bp’s Ginger Project
New way of working helps unlock final investment decision (FID) for project offshore Trinidad and Tobago HOUSTON, May 05, 2025 — SLB (NYSE: SLB) today announced the award of a substantial engineering, procurement, construction and installation (EPCI) contract by bp to...
Valaris Announces Sale of Jackup VALARIS 247 to BW Energy for $108 Million
HAMILTON, Bermuda--(BUSINESS WIRE)-- Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) announced today that it has agreed to sell jackup VALARIS 247 to BW Energy (“BWE”) for cash proceeds of approximately $108 million. This sale is expected to close in the...
Chevron starts oil production from Ballymore Project in Gulf of America
This News Article is Brought to you by: Houston, Texas, April 21, 2025 — Chevron Corporation (NYSE: CVX) announced today that it started oil and natural gas production from the Ballymore subsea tieback in the deepwater Gulf of America. Ballymore, the latest in a...
$905 Million: Elk Range Royalties Closes Landmark DJ Basin Acquisition and Launches Elk Range Royalties III
This Article brought to you by: K+B Industries delivering Precision Threading and Machining DALLAS--(BUSINESS WIRE)--Elk Range Royalties ("Elk Range") is excited to announce a landmark acquisition of a significant mineral and royalty position spanning approximately...
APA Corporation and Partners Lagniappe Alaska and Oil Search Announce Significant Oil Discovery in Alaska’s North Slope at Sockeye-2 Exploration Well; Partners Proceeding with Further Evaluation and Testing
This News Article Brought to you by: HOUSTON, March 17, 2025 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) and its partners Lagniappe Alaska, LLC, an Armstong company, and Oil Search (Alaska), LLC, a subsidiary of Santos Limited, today announced preliminary...
Murphy Oil Corporation Announces Strategic Acquisition of Floating Production Storage and Offloading Vessel in Gulf of America
This News Article Brought to you By: Spectrum Camera Solutions Reduces Annual Operating Costs by Approximately $60 Million, Reaffirms 2025 Capital Expenditure Guidance HOUSTON--(BUSINESS WIRE)--Mar. 12, 2025-- Murphy Oil Corporation (NYSE: MUR) today announced that a...