MODS has secured a two-year contract to implement key modules from its MODS Connect software suite to enhance project efficiency, transparency, and digitalization across several of its energy clients’ offshore operations worldwide. SourceContinue Reading

Oil’s one-day advance wasn’t enough to rescue prices from a seventh straight weekly decline as the prospect of a temporary truce in Ukraine capped on-again, off-again tariff news that upended global markets. SourceContinue Reading

Norweigan oil company DNO has reached an agreement to acquire Sval Energi from HitecVision for a cash consideration of $450 million (USD) based on an enterprise value of $1.6 billion. The Sval Energi assets will enable DNO to quadruple its North Sea production. SourceContinue Reading

ADNOC is seeking to buy its first natural gas producing fields in the U.S. to deepen its presence in the country, according to people familiar with the matter. CEO Sultan Al Jaber is set to outline the investment strategy, including a U.S. focus, during a speech at the CERA Week energy conference in Houston on...Continue Reading

Caterpillar Oil & Gas has developed its new Caterpillar® Gas Mechanical System (GMS), a fully integrated power solution, purposefully built to bring optimum mechanical efficiency and simplicity to frac operations, while utilizing 100% natural gas. SourceContinue Reading

By strengthening their balance-sheets through partial privatization, transferring their regulatory roles to independent entities and acquiring more assets, African NOCs are emerging as strong partners for foreign firms.  SourceContinue Reading

Vitesse Energy announced today the completion of its previously announced acquisition of Lucero Energy in an all-stock transaction valued at $222 million. The addition of Lucero’s operations will enable Vitesse to expand its assets across the Bakken shale region. SourceContinue Reading

The UK government is drafting a new tax regime for oil and gas companies to replace a controversial windfall levy after 2030, with an aim to hit companies only when prices are unusually high. The UK also confirmed plans to end new North Sea exploration licenses for oil and gas. SourceContinue Reading

Baker Hughes and Woodside Energy have announced a joint initiative to develop a lower carbon power generation technology solution utilizing the Net Power platform that is specifically designed for oil and gas (including LNG), heavy industries and other smaller scale applications. SourceContinue Reading

Sercel has announced the delivery of several next-generation 528™ cable-based land seismic acquisition systems for deployment on exploration surveys in India and Türkiye, just over a year after the new system’s launch. SourceContinue Reading