Kent plc has signed a binding agreement to acquire Exceed (XCD) Holdings Limited, a leader in well management, subsurface and decommissioning engineering services. The acquisition marks Kent’s strategic expansion in the fast-growing global decommissioning market. SourceContinue Reading
Aker BP has completed its Omega Alfa exploration campaign in the Norwegian North Sea, resulting in a significant oil discovery that adds substantial new resources to the Yggdrasil area. The recoverable volume is estimated at 96-134 million barrels of oil equivalent (MMboe). SourceContinue Reading
The Railroad Commission of Texas assessed over $3.5 million in enforcement docket fines against oil and gas operators and businesses at the Commissioners’ open meeting on Tuesday. SourceContinue Reading
Nabors has entered into a definitive agreement to sell its Quail Tools, LLC subsidiary to Superior Energy Services, Inc. for $600 million. The transaction reduces Nabors’ net debt by more than 25%. SourceContinue Reading
Kabal, a logistics software provider for the energy industry, has won a contract with Phu Quoc Petroleum Operating Company (PQPOC) to optimize its offshore logistics in Vietnam. This partnership marks a significant step in Kabal’s strategic expansion in Southeast Asia. SourceContinue Reading
A new study by the Brazilian Institute of Oil and Gas (IBP) highlights the oil and gas sector’s importance in financing public policies in Brazil, with analysis showing over BRL 325 billion ($59 billion USD) generated in 2023 for local governments. SourceContinue Reading
The U.S. Interior Department on Tuesday released its offshore leasing schedule under Trump’s One Big Beautiful Bill, garnering support from several energy sector agencies. SourceContinue Reading
Russia expects India to continue buying its oil, a senior official said, even as the South Asian nation faces higher U.S. tariffs and harsh criticism from Trump administration officials for the trade. SourceContinue Reading
Strohm has won a contract to supply four TCP Jumpers for installation in a deepwater field offshore Malaysia. The end customer is a major Southeast Asian operator with international exploration projects. SourceContinue Reading
Norway’s monthly oil production jumped to the highest in over a decade last month, following the ramp-up of Equinor’s new Johan Castberg field in the Barents Sea. SourceContinue Reading
