Industry News
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
Allstream Insiders Summary Seadrill has added approximately $200 million to its contract backlog through three offshore drilling awards and extensions announced after the company's May 2026 fleet-status report. The commercial activity covers two drillships and one...
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...
Shell Reaches FID on Three-Well Phase 12a Deepwater Gas Development Offshore Egypt
The sanctioned development will add three deepwater gas wells tied into existing West Delta Deep Marine subsea infrastructure, with first production targeted for 2028. Published by Allstream Insiders Allstream Insiders Summary Shell subsidiary BG Delta Limited and its...
Weatherford Shareholders Approve Move of Parent Company to Delaware, Targeting Fourth-Quarter 2026 Completion
This article is brought to you by: Tuboscope, leaders in high performance internal coatings built to protect tubulars in harsh operating environments The oilfield-services company expects the proposed change in the legal domicile of its ultimate parent company from...
Understanding TCEQ’s Aboveground Storage Vessel Safety Program – Insights from Altamira
What Texas facilities need to know about applicability, registration and early compliance preparation Author: Andreana Ibarra | September 2, 2026 What Is the TCEQ Aboveground Storage Vessel Safety (ASVS) Program? The Texas Commission on Environmental Quality (TCEQ)...
Comstock Signs $1.65 Billion SOCAR Letter of Intent and Launches $450 Million Haynesville Drilling Venture
This article is brought to you by: Tuboscope, leaders in high performance internal coatings built to protect tubulars in harsh operating environments The proposed SOCAR transaction covers interests in Comstock's Legacy and Western Haynesville assets and Pinnacle Gas...
Sage Advances EGS Scale-Up with South Texas SMECI Operations and Chiyoda Facilities Study
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 Sage Geosystems has placed its SMECI enhanced-geothermal facility in South Texas in service...
Quaise Closes $180 Million Series B as Nabors Invests $35 Million and Drills at Project Obsidian
This article is brought to you by: Tuboscope, leaders in high performance internal coatings built to protect tubulars in harsh operating environments A Nabors PACE-B rig is drilling at the Central Oregon geothermal development, where Quaise targets a 50-MW first phase...