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World Oil News
Oxford Flow has appointed Andrew Hodgson as executive chair, succeeding David Hill, as the UK-based flow control equipment specialist moves into its next phase of international growth. Source
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Coterra Energy is exploring a potential merger with Devon Energy, a deal that could rank among the largest shale consolidations in years. Talks are still preliminary, but an all-stock transaction would combine two major Permian basin producers amid renewed upstream M&A momentum. Source
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ModuSpec has received DNV Technology Qualification for real-time BOP monitoring within its Argus digital platform, supporting wider adoption of digital well control assurance on offshore rigs, including the Norwegian Continental Shelf. Source
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TotalEnergies has partnered with BluEnergies to advance seismic reprocessing and subsurface studies across the Harper basin fan play offshore Liberia. Source
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Louisiana Cat has sold Custom Compression Systems to Encore Oilfield Services, transferring a long-standing Gulf Coast natural gas compression fabrication business as Encore expands its compression footprint and Caterpillar engine supply. Source
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Oil-Royalties says its Virtual Auction Marketplace is introducing standardized data, objective valuation tools and automated workflows aimed at improving transparency and reducing uncertainty for buyers of U.S. oil and gas royalty assets. Source
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Shell and Exxon have pulled a planned sale of strategic UK North Sea gas assets to Viaro, citing unresolved regulatory and market conditions after months of review. Source
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EWTC’s latest jobs report shows U.S. oilfield services employment ended 2025 slightly lower than earlier highs, highlighting a year shaped by market uncertainty and shifting labor conditions. Source
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Eco Atlantic and partner Navitas are in talks with Guyana to preserve appraisal rights on the Orinduik Block, following the expiry of the license’s renewal term, as the companies seek approval to advance work on existing offshore discoveries. Source
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TotalEnergies has signed a sale and purchase agreement to divest its 10% non-operated oil interest in Nigeria’s Renaissance JV, formerly the SPDC joint venture, as part of its portfolio optimization strategy. Source
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