Oman is looking to sell a stake in natural gas assets valued at about $8 billion, according to people familiar with the plan, as the sultanate seeks to raise cash to shore up its state finances and fund investments. SourceContinue Reading
OTC 2025 day three kicked off with a keynote speaker panel on the ongoing challenges of digital transformation in the offshore sector. Across various digital technologies, a critical keystone must be addressed to provide a suitable digital foundation: quality data and access to it. SourceContinue Reading
ADNOC Drilling has announced strong financial results for the first quarter of 2025, building on its growth trajectory with a focus on strategic investments in fleet expansion, integrated services, AI and global expansion. SourceContinue Reading
Core Laboratories Inc. has opened a new Unconventional Core Analysis Laboratory in Saudi Arabia. Developed in collaboration with Abdulla Fouad Group, the facility underscores the company’s commitment to advancing reservoir evaluation technologies in the Middle East. SourceContinue Reading
The Energy Workforce & Technology Council has released its April 2025 jobs report, indicating a steady employment trend in the energy services sector despite broader market transitions and ongoing global trade uncertainty. SourceContinue Reading
Houston-based oil giant ConocoPhillips cut its spending outlook by 3.5% to $12.45 billion, while leaving its production view unchanged, it said Thursday in a statement announcing first-quarter results. SourceContinue Reading
Kazakhstan, which has created tensions within OPEC+ by consistently breaching its production limit, has no plans to cut oil output in May. The country’s Energy Ministry said in an email that it plans to pump the same levels of crude as in April. SourceContinue Reading
In keeping with the overall themes raised on day one of OTC 2025, Weatherford CEO Girish Saligram discussed some of the major challenges facing the offshore industry as a whole in an executive dialogue panel on Monday. SourceContinue Reading
Although the deepwater sector may be traversing a few rough spots at present, the general outlook over the next few years remains solidly positive. That’s the theme of comments made by Scott Livingston, NOV’s President of Energy Products and Services, during a session on Day 2 of OTC. SourceContinue Reading
Permian Resources has agreed to acquire core Delaware basin assets from APA Corp in a $608 million deal. The assets include 13,320 net acres, 8,700 net royalty acres and 12,000 boed, significantly expanding Permian Resources’ New Mexico footprint. SourceContinue Reading
