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World Oil News
Constellation extends key offshore drilling contracts with Petrobras, adding $1.1 billion in backlog and securing long-term utilization for deepwater rigs in Brazil. Source
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Offshore and onshore executives at the Energy Workforce conference point to a rebound in deepwater activity, steady U.S. drilling and continued gains in efficiency driven by automation and AI. Source
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Halliburton acquires Sekal to expand automated drilling and digital well construction capabilities, aiming to cut costs, improve recovery and accelerate drilling performance. Source
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BLM lease sales across Colorado, Nevada and Utah generate $64.8 million, highlighting renewed interest in U.S. onshore drilling under lower federal royalty rates. Source
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EMGS agrees to sell its core geoservices business to Riggs Capital in a deal worth up to $2.5 million as the company moves to avoid winding down operations. Source
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Trillion Energy looks to sell its Black Sea gas interest while committing $15 million to earn into a new exploration block in southeast Turkey. Source
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INPEX expands its upstream collaboration with Pertamina in Indonesia, advancing the Abadi LNG project and broader Southeast Asia exploration efforts. Source
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Subsea7 secures a subsea installation contract for Chevron’s Aseng gas project offshore Equatorial Guinea, including flowlines, umbilicals and tieback infrastructure. Source
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Liberty Energy raises $525 million through a convertible notes offering, strengthening financial flexibility as the completion services provider continues supporting North American upstream activity. Source
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ABL and Maridive & Oil Services sign a two-year agreement to provide marine assurance and risk services supporting offshore vessel operations across key global energy regions. Source
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