Houlihan Lokey has agreed to acquire energy-focused investment bank Intrepid Financial Partners, expanding its oil and gas M&A, capital raising and restructuring advisory capabilities. The transaction is expected to close before the end of September. SourceContinue Reading

Flowserve has completed its $490 million acquisition of Trillium Flow Technologies’ Valves Division, expanding its engineered flow-control portfolio and aftermarket capabilities across global energy and industrial markets. SourceContinue Reading

Oil prices fell after U.S. officials described indirect talks with Iran as positive, raising hopes for reduced tensions around the Strait of Hormuz. At the same time, recovering exports and growing physical crude supplies have intensified concerns about a global oil surplus. SourceContinue Reading

Continental Resources retained the top spot in Enverus’ annual ranking of the 100 largest private U.S. E&P operators, as the report points to renewed private capital deployment across the upstream sector. SourceContinue Reading

Shell has agreed to sell its interests in the Na Kika platform and Coulomb tieback in the U.S. Gulf to Talos Energy and Ridgewood Energy for $1.7 billion. The divestiture supports Shell’s strategy to optimize its deepwater portfolio while maintaining a leading position in the U.S. Gulf. SourceContinue Reading

Sable Offshore launched a $400 million equity and convertible debt offering as it works to refinance a loan owed to Exxon Mobil, sending shares sharply lower. The financing comes as the company continues efforts to restart offshore oil production off California’s coast. SourceContinue Reading

bp Deputy CEO Carol Howle will retire later this year after a 26-year career with the company. CEO Meg O’Neill said bp will eliminate the Deputy CEO position as part of its broader effort to simplify the organization’s leadership structure. SourceContinue Reading

LGX Energy is expanding development in the Illinois Basin using proprietary 3D seismic technology to identify overlooked conventional oil targets in southwestern Indiana while advancing its long-term growth strategy. SourceContinue Reading

Siemens and IFS have formed a strategic partnership to integrate Industrial AI, digital twin technology and asset lifecycle management, helping manufacturers and energy companies connect engineering, production and field operations to improve asset performance and operational efficiency. SourceContinue Reading

SLB has been awarded a seven-year contract by Kuwait Oil Company under the Ahmadi Innovation Valley initiative to support AI, digital technologies, production optimization, reservoir management and applied upstream research. The agreement also includes plans for a dedicated innovation facility in Kuwait. SourceContinue Reading