Industry News
Transocean to Acquire Valaris in $5.8 Merger Deal
This Article is Brought to you by: K+B Industries, leaders in machining premium threads Creates the World’s Highest-Quality, Highest-Specification Offshore Drilling Fleet Companies to Host Conference Call Today at 8 a.m. CT / 9 a.m. ET STEINHAUSEN, Switzerland and...
Noble Corporation plc Announces New Awards Totaling $1.3 Billion and Strategic Entry into the Norwegian Floater Market
HOUSTON, Jan. 26, 2026 /PRNewswire/ — Noble Corporation plc (NYSE: NE, “Noble,” or the “Company”) today announced new contract awards for nine rigs comprising approximately $1.3 billion of backlog, including a three-year contract for the harsh environment...
Devon Energy and Coterra Energy to Combine, Creating a Premier Shale Operator -Enterprise value now approximately $58 billion.
OKLAHOMA CITY and HOUSTON, Feb. 02, 2026 (GLOBE NEWSWIRE) — Devon Energy (“Devon”) (NYSE: DVN) and Coterra Energy (“Coterra”) (NYSE: CTRA) today announced the signing of a definitive agreement to merge in an all-stock transaction. The combination will create a leading...
Stockholders Resoundingly Approve SM Energy & Civitas Merger
DENVER, Jan. 27, 2026 /PRNewswire/ -- SM Energy Company (NYSE: SM) ("SM Energy") and Civitas Resources, Inc. ("Civitas") (NYSE: CIVI) today announced that the stockholders of both companies voted in favor of all proposals necessary for the closing of the companies'...
Vallourec and XGS Energy Partner to Accelerate Multi-Gigawatt Next-Generation Geothermal Project Pipeline Across Western U.S.
FLORENCE, ITALY – January 28, 2026 – Vallourec, a world leader in premium tubular solutions for the energy industry, and XGS Energy (“XGS”), a developer of next-generation geothermal systems, today announced a strategic supply chain partnership as XGS executes on a...
Chevron takes Final Investment Decision on Leviathan gas expansion
Project increases affordable, reliable gas for Israel, Egypt and Jordan HOUSTON, January 16, 2026 – Chevron Corporation (NYSE: CVX) by its subsidiary, Chevron Mediterranean Limited (CML), and the working interest owners of the Leviathan natural gas reservoir have...
$5.2B: Mitsubishi Corporation Announces Acquisition of Haynesville Shale Gas Business in Louisiana and Texas
Mitsubishi Corporation (“MC”) has agreed to acquire all equity interests in Aethon III LLC, Aethon United LP, and related entities and interests (collectively “Aethon”). This transaction marks MC’s entry into the U.S. shale gas business across the value chain, from...
Enhancing Digital Presence in Oil and Gas Industry with SEO: Insights from Allstream Energy Partners a Digital Marketing and SEO Agency in Houston
In today's digital era, having a strong online presence has become crucial for businesses across all industries, including Oil and Gas. To stand out in a highly competitive market, companies must effectively navigate the digital landscape and employ effective...
Transocean Ltd. Announces Contract Award and Extension Totaling $168 Million
This article is brought to you by: K+B Industries, leaders in machining premium threads kb STEINHAUSEN, Switzerland, Jan. 05, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced a contract award and an extension, respectively, for two...
U.S. to Control Venezuela Oil Exports
This article is brought to you by: K+B Industries, leaders in Premium Threading and Machining Washington plans to manage Venezuelan crude sales indefinitely as production struggles and foreign operators limit investment The United States will control Venezuela’s oil...