Parex Resources has completed its $500 million acquisition of Frontera E&P’s Colombian assets, adding approximately 37,000 boed of production and establishing the company as Colombia’s largest independent oil and gas producer. SourceContinue Reading
bp and its ACG partners have commenced the first commercial non-associated gas production at the Azeri-Chirag-Gunashli field offshore Azerbaijan, opening a new development phase with an estimated 4 Tcf to 6 Tcf of recoverable gas resources. SourceContinue Reading
Industry leaders, policymakers and operators will gather in St. John’s this week for the Energy NL Conference & Exhibition, where discussions will focus on offshore oil and gas development, local content opportunities and the future of Newfoundland and Labrador’s energy sector. SourceContinue Reading
Oil prices climbed sharply after reports that Iran plans to suspend communications with the United States, raising concerns about ongoing ceasefire negotiations and efforts to restore energy exports through the Strait of Hormuz. SourceContinue Reading
Weatherford has agreed to acquire NCS Multistage in a move that expands its well completions portfolio and strengthens its exposure to unconventional oil and gas development, while adding completion and production optimization technologies to its global offering. SourceContinue Reading
Several out-of-control wildfires are burning near Alberta’s oil sands region, placing roughly 500,000 bopd of production within 20 kilometers of active blazes and raising concerns about potential disruptions to Canadian crude output. SourceContinue Reading
Tamboran Resources has completed its acquisition of Falcon Oil & Gas subsidiaries following court approval, consolidating its position in Australia’s Beetaloo basin as development activity continues in one of the country’s largest unconventional gas plays. SourceContinue Reading
Ship traffic through the Strait of Hormuz is beginning to recover as U.S. military officials provide navigation guidance to commercial vessels, offering cautious optimism for oil and LNG flows despite continuing security concerns in the region. SourceContinue Reading
Heli-One has opened the first Sikorsky-authorized S-92 customer support center in Brazil, expanding maintenance and overhaul capabilities for offshore oil and gas helicopter operators across South America. SourceContinue Reading
Eldorado Drilling has agreed to acquire Vantage Drilling in a transaction valued at approximately $258 million, combining offshore drilling operations and creating a larger platform focused on global rig opportunities. SourceContinue Reading
