Vitol is reportedly in late-stage talks to sell Delaware basin producer VTX Energy Partners to private equity firms Carnelian Energy Capital and EnCap Investments in a deal valued at approximately $2.3 billion, according to Bloomberg. SourceContinue Reading
Canada’s Basel Belly River formation is seeing renewed drilling activity as operators including Obsidian Energy and Yangarra Resources shift from natural gas to oil development. Higher oil prices and stronger economics are driving new investment in the long-dormant Alberta play. SourceContinue Reading
Serica Energy Chair David Latin and Ithaca Energy Executive Chairman Yaniv Friedman will co-chair SPE Offshore Europe 2027, leading the conference as the North Sea industry focuses on investment, energy security and the future of offshore development. SourceContinue Reading
Halliburton has secured multi-year contracts from Aramco covering approximately 285 onshore wells in Saudi Arabia, expanding its integrated drilling, completions and workover services in the Kingdom. SourceContinue Reading
Baker Hughes has completed its acquisition of Chart Industries, creating a new operating segment that expands the company’s portfolio in LNG, gas infrastructure and industrial energy technologies while targeting $325 million in annual cost synergies. SourceContinue Reading
A new S&P Global Energy study projects U.S. LNG will become the nation’s second-largest net export industry by 2031, with feedgas demand expected to double and more than $1 trillion invested across the LNG supply chain through 2040 while domestic natural gas prices remain among the world’s lowest. SourceContinue Reading
CB&I has secured a long-term contract from EnQuest to continue serving as duty holder for the Kittiwake platform in the UK North Sea through cessation of production and decommissioning. SourceContinue Reading
bp has agreed to sell the majority of its bp Ventures portfolio to Verdane, divesting minority interests in more than 10 energy technology companies. The move supports bp’s ongoing portfolio simplification strategy while retaining selected investments with strategic value for its business. SourceContinue Reading
Delfin Midstream has advanced its FLNG2 project offshore Louisiana by issuing a limited notice to proceed to Siemens Energy and signing an agreement allowing MidOcean Energy to acquire up to a 50% interest, subject to a final investment decision expected later this year. SourceContinue Reading
Oil prices climbed above $85/bbl as the U.S. launched another round of strikes on Iran, deepening security concerns in the Strait of Hormuz and keeping traders focused on potential disruptions to global crude exports. SourceContinue Reading
