Coterra Energy and Devon Energy are in advanced talks on a potential combination that could strengthen their Permian basin footprint and signal renewed consolidation across the U.S. upstream oil and gas sector. SourceContinue Reading
Coterra Energy and Devon Energy are in advanced talks on a potential combination that could strengthen their Permian basin footprint and signal renewed consolidation across the U.S. upstream oil and gas sector. SourceContinue Reading
Private equity firm Carlyle Group has agreed to acquire most of Lukoil PJSC’s international oil and gas assets in a transaction structured to comply with U.S. sanctions, excluding Kazakhstan and subject to regulatory and OFAC approvals. SourceContinue Reading
Condor Energies Inc. reported progress on its multi-well drilling campaign in Uzbekistan, including a record-length horizontal well with strong gas shows, while announcing the sale of its Turkish gas assets to sharpen its strategic focus in Central Asia. SourceContinue Reading
Subsea7 has been awarded a substantial offshore contract in Germany, valued between $150 million and $300 million, for the Gennaker offshore wind project. Subsidiary Seaway7 will transport and install 63 monopiles and transition pieces, with offshore activities scheduled to begin in 2027. SourceContinue Reading
Mozambique LNG has fully restarted onshore and offshore construction activities after lifting force majeure declared in 2021, with more than 4,000 workers mobilized at the Afungi site and first LNG now targeted for 2029, according to project partners and the Mozambican government. SourceContinue Reading
Brent crude climbed above $71 a barrel as U.S. President Donald Trump warned Iran to accept a nuclear deal or face possible military action, reigniting fears of supply disruptions through the Strait of Hormuz and adding a fresh geopolitical risk premium to oil markets. SourceContinue Reading
Cairn Oil & Gas has reported a gas discovery at its Ambe offshore block on India’s west coast, advancing appraisal of one of the country’s Discovered Small Field assets. Additional wells are planned as the operator evaluates development options for the shallow-water find. SourceContinue Reading
SLB has won two five-year contracts from Petroleum Development Oman to supply wellheads and artificial lift systems for Block 6, supporting production and in-country value initiatives. SourceContinue Reading
Noble has completed the $360-million sale of five premium jackup rigs to Borr Drilling, reshaping both companies’ offshore portfolios. The deal expands Borr’s fleet to 29 rigs while allowing Noble to retain near-term operational exposure through charter arrangements. SourceContinue Reading
