The National Ocean Industries Association has voiced its support after Secretary of the Interior Doug Burgum halted construction activities of the Empire Wind offshore wind project and ordered a review of both existing and pending offshore wind permits. SourceContinue Reading
Iraq, along with some other members of the OPEC+ alliance, is under pressure from the group’s leaders to make extra supply curbs as compensation for overproducing during the past year, according to sources familiar with the matter. SourceContinue Reading
bp Plc’s major strategy reset is less than two months old, but the foundations of the company’s pivot back to oil are already starting to look shaky as Brent crude prices fell below $70 per barrel last week — a level bp has said is crucial for meeting its targets. SourceContinue Reading
Vista Energy has acquired Petronas’ 50% stake in the Vaca Muerta shale basin in a deal valued at $1.5 billion USD. Vista estimates that the area, known as La Amarga Chica (LACh) could potentially hold 400 new well locations to be drilled in its inventory (at 100% working interest). The remaining 50% of LACh is...Continue Reading
Vertice Oil Tools has acquired Greenwell Engineering in a strategic move that expands Vertice’s completions portfolio, enhances its ability to support wireline service providers and E&P companies, and broadens its presence across unconventional oil and gas markets. SourceContinue Reading
Halliburton and Nabors Industries have achieved the first fully automated surface and subsurface execution of rotary and slide drilling operations in Oman. The closed-loop drilling execution earned both companies the 2025 Digital Enabler of the Year Award and represents a step forward in automation in the region. SourceContinue Reading
Halliburton and Nabors Industries have achieved the first fully automated surface and subsurface execution of rotary and slide drilling operations in Oman. The closed-loop drilling execution earned both companies the 2025 Digital Enabler of the Year Award and represents a step forward in automation in the region. SourceContinue Reading
Tullow Oil has reached an agreement to sell 100% of its working interests in Kenya to Gulf Energy Ltd. for a total consideration of at least $120 million. Interim CEO Richard Miller noted that the transaction helps position Tullow for a successful refinancing. SourceContinue Reading
EXPLORCO, the exploration division of the Ghana National Petroleum Corporation (GNPC), is set to spud its first exploration well in the Voltaian basin in Q1 2026, targeting new leads and play-opening discoveries. SourceContinue Reading
U.S. Energy Development Corporation (USEDC), a Fort Worth-based exploration and production company, has acquired ~20,000 net acres in the Permian basin. The position includes a substantial proved producing component and multi-year drilling inventory. SourceContinue Reading
