Vermilion Energy Inc. has entered into an arrangement agreement to acquire Westbrick Energy Ltd., a privately held oil and gas company operating in the Deep Basin, for total consideration of $1.075 billion. SourceContinue Reading

The oil & gas industry has seen a dip in active jobs in 2024, but hiring trends remain relatively better compared to pre-COVID levels. There has been a noticeable increase in job opportunities from non-U.S. companies, according to GlobalData. SourceContinue Reading

The Sanha Lean Gas Connection project – situated in Angola’s Benguela province – has achieved first gas production. The project is spearheaded by the Cabinda Gulf Oil Company, Chevron’s Angolan subsidiary. SourceContinue Reading

Seatrium has signed a contract with BP Exploration and Production Inc (bp) to perform engineering, procurement, construction and onshore commissioning (EPC) work for the Kaskida Floating Production Unit (FPU) project in the U.S. Gulf of Mexico. SourceContinue Reading

Falcon Oil & Gas Ltd. has announced that the Shenandoah S2-4H horizontal well was successfully drilled, cased and cemented to a measured depth of 6,452 meters (21,169 feet) in exploration permit 98 in the Beetaloo Sub-basin. SourceContinue Reading

McDermott has opened a new welding and technology center of excellence for research, development and qualification. The facility is located at the Oilfields Supply Center in Dubai’s Jebel Ali Freezone. SourceContinue Reading

Annual methane emissions stemming from oil and gas production operations in the Permian basin decreased 26% in 2023 from the previous year, according to a new analysis by S&P Global Commodity Insights. SourceContinue Reading

ProPetro Holding Corp. has entered into a term contract to provide electric hydraulic fracturing services to a large independent Permian-focused oil and gas operator. SourceContinue Reading

LandBridge has closed its previously announced acquisition of approximately 46,000 largely contiguous surface acres, known as the Wolf Bone Ranch, in the Delaware Basin from a subsidiary of VTX Energy Partners. SourceContinue Reading

(Bloomberg) – The largest oil producer in the United Arab Emirates is focused on closing its nearly $13 billion acquisition of German chemical maker Covestro AG which would establish a base for international growth. SourceContinue Reading