Baker Hughes will acquire Continental Disc Corporation (CDC), a leading provider of safety-critical pressure management solutions, in an all-cash transaction for approximately $540 million, the company announced on Monday. SourceContinue Reading
ADNOC Drilling has appointed Abdulla Ateya Al Messabi as its new Chief Executive Officer (CEO). Abdulrahman Abdulla Al Seiari, the company’s current CEO, will retire at the end of the year following more than 45 years of dedicated service to ADNOC and ADNOC Drilling. SourceContinue Reading
Mermaid Subsea Services (UK) has successfully and safely completed a well intervention on the Teal P2 well in the North Sea. The operation was carried out on behalf of Anasuria Operating Company (AOC), the FPSO Operator for Teal and Teal South. SourceContinue Reading
Abu Dhabi National Oil Co. has made an $18.7 billion offer for Australian fossil fuel producer Santos Ltd., in one of the most audacious overseas moves yet by the Middle Eastern company as it seeks to expand its production of liquefied natural gas. SourceContinue Reading
TotalEnergies has acquired a 25% working interest in a portfolio of 40 exploration leases offshore U.S. from Chevron (operator). The transaction provides access to multiple offshore exploration plays and prospects, strengthening the successful U.S. offshore collaboration with Chevron beyond existing partnerships. SourceContinue Reading
During the Executive Conference of the Global Petroleum Show last week, Alberta’s premier, Danielle Smith, provided an update on the province’s energy sector and gave her assessment of the new federal administration’s policies on energy. SourceContinue Reading
Leaders from both the American Petroleum Institute (API) and American Fuel & Petrochemical Manufacturers (AFPM) jointly issued statements on Friday as U.S. President Trump signed into law a series of bills overturning California’s electric vehicle mandates. SourceContinue Reading
The unfolding Middle East crisis extended to Iran’s energy infrastructure as Israel launched an attack on a giant gas field in the Persian Gulf. The attack heightens the risk to oil infrastructure in Iran, OPEC’s third-biggest producer, and to shipments from elsewhere in the region. SourceContinue Reading
The five-year contract, worth approximately $203 million (£150 million), encompasses ASCO’s full suite of integrated logistics services. The award represents a major milestone for ASCO, marking one of the largest logistics contracts in its recent history. SourceContinue Reading
Perenco Congo has confirmed a major investment project with the construction of a new offshore platform, Kombi 2. The Kombi 2 construction project, including the upcoming drilling phases, represents an investment of over $200 million. SourceContinue Reading
