Industry News
bp today announced an oil and gas discovery at the Bumerangue prospect in the deepwater offshore Brazil
bp drilled exploration well 1-BP-13-SPS at the Bumerangue block, located in the Santos Basin, 404 kilometres (218 nautical miles) from Rio de Janeiro, in a water depth of 2,372 metres. The well was drilled to a total depth of 5,855 metres. The well intersected the...
$53Billion Acquisition Complete: Chevron Completes Acquisition of Hess Corporation
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$1.3 Billion Acquisition: Mach Natural Resources LP Announces Transformative Acquisitions in the Permian Basin and San Juan Basin
This Article is Brought to you by: K+B Industries, Leaders in Premium Thread Machining OKLAHOMA CITY--(BUSINESS WIRE)-- Mach Natural Resources LP (NYSE: MNR) (“Mach” or the “Company”) today announced it has entered into two separate definitive agreements: one to...
Valaris Announces Multi-Year Contract Awards for Drillships VALARIS DS-16 and DS-18
This article is brought to you by: K+B Industries Leaders in Machining Premium Threads Hamilton, Bermuda, July 6, 2025 … Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) announced today that it has been awarded a 940-day contract extension for drillship...
Meta and XGS Energy Launch $1B Geothermal Power Project in New Mexico
Meta and XGS Energy have announced a $1 billion partnership to develop a groundbreaking 150-megawatt (MW) geothermal energy project in New Mexico. The initiative will use XGS Energy’s proprietary geothermal technology to provide clean, baseload electricity to support...
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...