Alberta has issued its highest number of drilling permits since 2014 as producers accelerate development of the Clearwater formation, a low-cost conventional oil play that is rapidly reshaping Canada’s upstream industry. SourceContinue Reading

Fulkrum reported 51% year-over-year revenue growth in the Middle East during the first quarter and plans to double its regional workforce over the next year as demand for inspection, asset integrity and technical staffing services continues to grow. SourceContinue Reading

Petralon Energy has appointed Augustine Ekeigwe as chief operating officer as the company builds on recent production gains at its Dawes Island Field and advances plans to expand its upstream portfolio in Nigeria. SourceContinue Reading

Worley has been selected as one of 11 contractors on Aramco’s five-year project management consultancy program, supporting engineering and project delivery across one of the world’s largest energy capital investment portfolios. SourceContinue Reading

Argent LNG has awarded GIS Engineering a contract to provide marine, environmental and site engineering services supporting FERC permitting for its proposed 25-MMtpa LNG export terminal at Port Fourchon, Louisiana. SourceContinue Reading

Superior Energy Services has agreed to acquire Sonic Holdings, adding electric feed-through technologies, production equipment and drilling wellheads to its Wellsite Solutions portfolio as it expands its production-focused oilfield services business. SourceContinue Reading

Indonesia Energy Corp. has begun operations on the K-29 well at its Kruh Block in Indonesia, marking the start of a two-well drilling campaign as the company advances plans to expand development across the block. SourceContinue Reading

bp has agreed to sell its 37.2% non-operated interest in the Bay du Nord offshore development to Equinor, continuing its strategy of simplifying its upstream portfolio while retaining two exploration licenses offshore Canada. SourceContinue Reading

Natural gas is expected to surpass petroleum as the largest source of U.S. energy consumption by 2030, driven by shale production, LNG growth, gas-fired power generation and rising electricity demand from AI data centers and electrification. SourceContinue Reading

Zephyr Energy has expanded its operated position in Utah’s Paradox basin with the acquisition of 2,294 additional acres, increasing its total operated acreage to more than 72,000 gross acres as it continues to build its regional portfolio. SourceContinue Reading