Tamboran reports strong flow results from its SS-6H well in Australia’s Beetaloo basin, with normalized rates of 11.9 MMcf/d signaling competitive shale gas performance. SourceContinue Reading
Continental Resources plans to increase U.S. oil output as crude prices surge above $100 amid supply disruptions tied to the Iran conflict, signaling a potential shift in shale activity. SourceContinue Reading
Transocean adds $1 billion in backlog through Brazil deepwater drillship extensions and a Norway semisubmersible contract, while accelerating debt reduction. SourceContinue Reading
BP’s new CEO steps in under pressure to simplify operations, cut costs and refocus on upstream oil and gas assets as investors push for a strategic reset. SourceContinue Reading
INEOS Chairman Jim Ratcliffe supports proposed UK carbon tax cuts, warning of industrial decline and calling for increased domestic oil and gas development, including North Sea and shale resources. SourceContinue Reading
Constellation extends key offshore drilling contracts with Petrobras, adding $1.1 billion in backlog and securing long-term utilization for deepwater rigs in Brazil. SourceContinue Reading
Offshore and onshore executives at the Energy Workforce conference point to a rebound in deepwater activity, steady U.S. drilling and continued gains in efficiency driven by automation and AI. SourceContinue Reading
Halliburton acquires Sekal to expand automated drilling and digital well construction capabilities, aiming to cut costs, improve recovery and accelerate drilling performance. SourceContinue Reading
BLM lease sales across Colorado, Nevada and Utah generate $64.8 million, highlighting renewed interest in U.S. onshore drilling under lower federal royalty rates. SourceContinue Reading
EMGS agrees to sell its core geoservices business to Riggs Capital in a deal worth up to $2.5 million as the company moves to avoid winding down operations. SourceContinue Reading