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$608 MILLION DIVESTITURE: APA Corporation Announces First-Quarter 2025 Financial and Operational Results

$608 MILLION DIVESTITURE: APA Corporation Announces First-Quarter 2025 Financial and Operational Results

by Efrain Garcia | May 7, 2025 | Upstream News

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

Permian Resources Announces Strong First Quarter 2025 Results, Revised 2025 Guidance and Strategic Bolt-On Acquisition of Core Northern Delaware Basin Assets

by Efrain Garcia | May 7, 2025 | Upstream News

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

Approx $135 Million: Valaris Announces Contract Award for Drillship VALARIS DS-15

by Efrain Garcia | May 6, 2025 | Upstream News

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...
SLB OneSubsea and Subsea7 Awarded EPCI Contract for bp’s Ginger Project

SLB OneSubsea and Subsea7 Awarded EPCI Contract for bp’s Ginger Project

by Efrain Garcia | May 6, 2025 | Upstream News

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

Valaris Announces Sale of Jackup VALARIS 247 to BW Energy for $108 Million

by Efrain Garcia | May 6, 2025 | Upstream News

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...
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