Acteon has acquired Houston-based EPC specialist Upstream Engineering, expanding its offshore engineering capabilities and strengthening its fixed platform and SURF service offerings. The deal combines platform design expertise with subsea engineering to support lower-cost offshore field developments worldwide. SourceContinue Reading
The U.S. Interior Department’s latest Gulf lease sale generated nearly $47 million in high bids for 25 offshore blocks, signaling continued industry interest in deepwater exploration. SourceContinue Reading
Battalion Oil has agreed to acquire 7,090 net acres in Ward County, Texas, expanding its Monument Draw position in the Permian basin and adding new drilling locations targeting the Wolfcamp and Bone Spring formations. SourceContinue Reading
LNG suppliers including Shell have declared force majeure on contracts after a shutdown at Qatar’s massive Ras Laffan export facility, highlighting the ripple effects of supply disruptions in the global gas market. SourceContinue Reading
Eco Atlantic has agreed to acquire JHI Associates in a deal valued at about $52 million, gaining offshore exploration interests in the North Falkland basin and Guyana’s Canje block. SourceContinue Reading
Forum Energy Technologies has launched the Ice® Unity Remote-Connect system, allowing operators to remotely control subsea ROV systems from any location while monitoring operations and streaming survey data in real time. SourceContinue Reading
Viridien has launched a new seismic reimaging project covering roughly 9,000 sq km of 3D data in India’s offshore Mahanadi basin, aiming to improve subsurface imaging and unlock new exploration opportunities. SourceContinue Reading
Guyana is advancing a 25,000-sq-km offshore multi-client seismic survey supported by Viridien to improve subsurface data, de-risk exploration and support future licensing rounds in the Guyana basin. SourceContinue Reading
TotalEnergies has started production from the Lapa South-West project in Brazil’s Santos basin, adding 25,000 bpd through new wells tied back to the existing Lapa FPSO as the company expands its offshore portfolio. SourceContinue Reading
World Oil/Gulf Energy Information’s Deepwater Development Conference got off to a roaring start in Lisbon on Tuesday, featuring an operator’s panel, two solo speakers, and a case studies/lessons learned session. The participants represented a wide mix of operators, service companies and a market analyst. SourceContinue Reading
