SoftVest and Blackbeard have agreed to combine Permian Basin Royalty Trust with Blackbeard’s land and mineral assets in a $2.2 billion transaction creating one of the Permian basin’s largest integrated land and royalty platforms. SourceContinue Reading
Proserv has established a local operating presence in Brazil to support offshore and subsea operators with controls technology, lifecycle services and asset optimization solutions as activity continues to grow in the country’s deepwater sector. SourceContinue Reading
Brent crude climbed above $90/bbl after President Donald Trump signaled new U.S. strikes against Iran, renewing concerns over Middle East oil supplies, shipping disruptions and global energy security. SourceContinue Reading
Baker Hughes will supply 76 NovaLT16 industrial gas turbines for Dynamis Power Solutions’ 1.3-GW mobile power generation fleet, supporting growing electricity demand from data centers and oil and gas operations. SourceContinue Reading
Saipem has secured a US$930 million contract from Eni to support Phase 3 development of the Baleine field offshore Ivory Coast, reinforcing continued investment in one of West Africa’s fastest-growing deepwater projects. SourceContinue Reading
Canadian Prime Minister Mark Carney said Canada will not restrict oil exports or use energy supplies as leverage in its trade dispute with the United States, reaffirming the country’s commitment to remaining a reliable energy supplier despite escalating tariff tensions. SourceContinue Reading
Woodside reported an 18% decline in second-quarter production after Cyclone Sean and planned maintenance at its Pluto LNG facility, while reaffirming that the Scarborough LNG project remains on track for first production in the fourth quarter. SourceContinue Reading
Keppel will monetize up to 10 legacy offshore rigs through a new Apollo-backed investment fund, expanding its offshore asset management platform while capitalizing on strengthening rig market fundamentals. SourceContinue Reading
SoftVest and Blackbeard have agreed to combine Permian Basin Royalty Trust with Blackbeard’s land and mineral assets in a $2.2 billion transaction creating one of the Permian Basin’s largest integrated land and royalty platforms. SourceContinue Reading
A record-setting BLM geothermal lease sale in New Mexico is driving higher federal acreage values, with Enverus forecasting stronger competition and rising bids in upcoming geothermal auctions across the western U.S. SourceContinue Reading
