Industry News
BP’s Q3 Update Highlights Calypso Deal, Venezuelan License and Gulf of America Blocks
BP’s third-quarter update recaps an agreement to take full ownership of Trinidad and Tobago’s Calypso gas project, an offshore Venezuelan license, five Gulf of America lease-sale high bids and other portfolio actions—but does not establish project-specific...
Ovintiv Agrees to Acquire Logan Energy in $890 Million All-Cash Montney Deal
The proposed $890 million all-cash acquisition would add Montney oil-window acreage, approximately 20 MBOE/d of current production, two oil batteries and interests in two natural-gas processing facilities. Published by Allstream Insiders Allstream Insiders Summary...
EQT Agrees to Acquire Range Resources in All-Stock Transaction Valued at More Than $50 Billion
EQT’s proposed all-stock acquisition of Range Resources would combine Appalachian natural-gas assets that the companies say represent more than 9 Bcfe/d of net production, nearly 3 million net acres and more than 3,700 miles of critical midstream infrastructure....
Cenovus Agrees to Acquire Athabasca Oil Corporation in $5.7 Billion Transaction
This article is brought to you by: Allstream Energy Partners, leaders in AI Website Design in Oil and Gas The proposed $5.7 billion acquisition would add oil-sands production near Cenovus’s existing Christina Lake, May River and Thornbury assets and consolidate its...
Baker Hughes Signs Venezuela Gas Infrastructure Alliance and Oil-and-Gas Development MOU
This article is brought to you by: K+B Industries, leaders in turnkey premium threading, machining and Turnkey Manufacturing The agreements establish a framework to assess gas production, domestic supply, power-generation support, midstream and LNG infrastructure in...
TechnipFMC Awarded Petrobras Flexibles Contract for Multiple Brazil Pre-Salt Fields
TechnipFMC will design, engineer and manufacture flexible flowlines for multiple Petrobras pre-salt fields offshore Brazil under a contract the company values between $75 million and $250 million. Published by Allstream Insiders Allstream Insiders Summary TechnipFMC...
PCEC Projects $3.5 Billion for Delta and Cabimas Oil-Field Redevelopment in Venezuela
Pacific Coast Energy Company said it began operating the Delta and Cabimas oil fields under its agreements with PDVSA during the third quarter of 2026 and outlined a phased redevelopment program. Published by Allstream Insiders Allstream Insiders Summary Pacific Coast...
NeuVentus Expands Texas TRU Hub Phase 1 to 28 Bcf Across Three Salt Caverns
This article is brought to you by: Charter Pipe, leaders in OCTG The Liberty County natural-gas storage development's first phase is now planned around three salt caverns, 28 Bcf of working capacity and a 35-mile header with 10 proposed pipeline interconnections....
Seadrill Adds Rig Work in Indonesia, Malaysia, Angola and U.S. Gulf as West Carina Lands $420 Million Award
This article is brought to you by: K+B Industries, leaders in turkey manufacturing and OCTG premium threads The West Carina's Indonesia award carries an estimated 880-day firm term beginning in 2027, while extensions keep rigs active in Malaysia through February 2028...
Transocean Adds Approximately $1.1 Billion to Firm Backlog as Equinor Agreement Receives Final Approval
This article is brought to you by: K+B Industries, leaders in turkey manufacturing and OCTG premium threads Final approval of Transocean's previously announced Equinor agreement moves approximately $1.0 billion into firm backlog, alongside a new two-well Norske Shell...