Saipem and Subsea7 have announced a memorandum of understanding (MoU) has been reached for a likely mega-merger to join the two companies. The entity will be renamed Saipem7, and the deal is expected to deliver significant value to shareholders of both Saipem and Subsea7. SourceContinue Reading
Innovex International announced the signing of a strategic frame agreement with SLB OneSubsea for the supply of subsea wellhead systems. SourceContinue Reading
Centrium Energy Solutions™, a newly launched oil & gas chemical supplier, is aiming to reduce supply chain risks and improve the reliability of upstream and midstream products with a domestic distribution model that solves critical challenges in sourcing, logistics and performance. SourceContinue Reading
Global energy consultancy Xodus has secured a landmark contract to support the development of an advanced carbon capture and storage (CCS) hub in Japan. The project will enable significant carbon emissions reduction across key industrial sectors. SourceContinue Reading
CNOOC has commenced production from the Luda 5-2 North Oilfield Phase II Development Project. Located in the central part of the Bohai Sea, the project is expected to achieve a peak production of approximately 6,700 barrels of oil equivalent per day (boed) in 2026. SourceContinue Reading
The African Export-Import Bank (Afreximbank) has announced plans to establish a $1 billion oil service financing facility in Guyana. This initiative aims to enhance local participation in the country’s fast growing oil industry, in alignment with the government’s local content policies. SourceContinue Reading
Tokyo Gas Co. will sell its stake in an Eagle Ford shale gas project to Shizuoka Gas Co. for $130 million, amid scrutiny from activist shareholder Elliott Investment Management, which has called for the utility to streamline its portfolio. SourceContinue Reading
Bowman Consulting Group has entered into a definitive purchase agreement to acquire UP Engineering, a San Antonio, Texas-based firm specializing in civil engineering and surveying services. UP serves clients throughout Texas with a focus on oil and gas, industrial, commercial and residential projects. SourceContinue Reading
The CPA awarded to Accell enables Aramco to efficiently procure InflowControl’s patented AICV® technology to support the reduction of unwanted water and increase of net-oil from their onshore and offshore wells. SourceContinue Reading
National Ocean Industries Association President Erik Milito has issued a statement after the Bureau of Ocean Energy Management (BOEM) rescinded NTL No. 2023-G01, Expanded Rice’s Whale Protection Efforts During Reinitiated Consultation with NMFS. SourceContinue Reading
