Industry News
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...
Crescent Energy Signs $3.85 Billion Deal to Acquire Devon’s Eagle Ford Assets
This article is brought to you by: K+B Industries, leaders in turkey manufacturing and OCTG premium threads Crescent Energy has signed a definitive agreement to acquire Devon Energy's Eagle Ford assets in South Texas; closing is expected in the fourth quarter of 2026...
BKV Acquires 117,000 Barnett Shale Acres, 65 MMcfe/d and Integrated Midstream and CCS Assets
This article is brought to you by: Inline Services, leaders in pipeline pigging products and pipeline pigging services The completed transaction adds more than 65 MMcfe/d of production, approximately 117,000 net acres, about 1,000 operated wells, a 180-MMcf/d gas...
Wood Secures $200 Million, Five-Year Construction Services Contract With ExxonMobil PNG
Wood has been awarded a five-year, $200 million construction-services contract supporting ExxonMobil PNG's operating PNG LNG Project, with work spanning gas conditioning, liquefaction, pipelines, well pads and flowlines. Published by Allstream Insiders Allstream...
Seadrill Adds Approximately $200 Million in Offshore Rig Backlog Across Three Contracts
This article is brought to you by: Tuboscope, leaders in high performance internal coatings built to protect tubulars in harsh operating environments Allstream Insiders Summary Seadrill has added approximately $200 million to its contract backlog through three...
Diversified Energy to Acquire Birch for $1.8 Billion, Adding 68,000 boe/d and Permian Infrastructure
This article is brought to you by: Tuboscope, leaders in high performance internal coatings built to protect tubulars in harsh operating environments The proposed transaction would add approximately 68,000 boe/d, 46,000 net Permian acres and an integrated network of...
White House Announces Venezuela Oil Agreement Covering 17 Fields and Up to $100 Billion of Planned Infrastructure
The White House says North American Blue Energy Partners received 100-year concessions covering 17 Venezuelan oil fields and plans to invest up to $100 billion in new oil infrastructure, but the government has not identified the fields or published a...