Industry News
BREAKING $5.6 Billion Deal – EOG Resources to Acquire Encino Energy
This Article Brought to You by: Allstream Energy Partners Digital Marketing Experts in Oil and Gas EOG Resources to Acquire Encino Acquisition Partners from CPP Investments and Encino Energy, Strengthening Premier Utica Asset; Increases Regular Dividend 5% May 30,...
OFFSHORE Total Energies Brazil: First oil of Mero-4
Paris, May 26, 2025 – TotalEnergies announces first oil from the fourth development phase of the Mero field on the Libra block, located 180 kilometers off the coast of Rio de Janeiro, Brazil, in the pre-salt area of the Santos Basin. Launched in August 2021, this new...
Sable Offshore Restarts Production off the coast of California after 10 years
This article brought to you by: 05/19/2025 HOUSTON--(BUSINESS WIRE)-- Sable Offshore Corp. (“Sable,” or the “Company”)(NYSE: SOC) today announced that as of May 15, 2025, it has restarted production at the Santa Ynez Unit (“SYU”) and has begun flowing oil production...
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...