At the Energy Workforce & Technology Council’s (EWTC) 2025 Business Optimization Conference, leaders spotlighted two urgent priorities for the oilfield services sector—meeting surging global power demand with U.S. LNG and navigating policy and workforce hurdles to sustain growth. SourceContinue Reading
Tamboran Resources will acquire Falcon Oil & Gas in a $172 million deal, consolidating ~2.9 million net acres in Australia’s Beetaloo basin. The transaction strengthens Tamboran’s position as a leading shale gas operator in one of Australia’s most prospective plays. SourceContinue Reading
Equatorial Guinea has signed a Heads of Agreement (HOA) with ConocoPhillips to develop offshore Blocks B/4 and EG-27, a deal expected to unlock up to $9 billion in investment and support the country’s ambition to expand its role as a regional gas processing hub. SourceContinue Reading
Equatorial Guinea and Chevron have signed an agreement for the development of the Aseng Gas Project in Block I. The Aseng project represents an initial investment of $690 million, and underscores the country’s long-term strategy to become a premier hub for natural gas in Africa. SourceContinue Reading
DeepOcean has secured a SIMOPRO offshore installation contract from Equinor on Norway’s Åsgard and Visund fields. The scope includes riser replacement, umbilical installations, and subsea infrastructure work, with operations planned for summer 2026 using the Edda Freya vessel. SourceContinue Reading
ExxonMobil plans to eliminate about 2,000 jobs worldwide, representing 3–4% of its workforce, as part of a global restructuring plan that will see Exxon consolidate offices into regional hubs focused on growth areas such as Guyana and LNG. The move comes amid broader oil sector layoffs as crude prices remain under pressure. SourceContinue Reading
bp has reached a final investment decision on the $5 billion Tiber-Guadalupe development, advancing its second new production hub in the U.S. Gulf of America/Gulf of Mexico in less than two years. SourceContinue Reading
Carlos Slim’s Grupo Carso has secured a $1.99 billion contract with Pemex to drill 32 wells at the Ixachi gas and condensate field in Veracruz. The project affirms Pemex’s efforts to boost output amid mounting debt and a push for energy self-sufficiency by 2027. SourceContinue Reading
TAY Oil Services and Polaris have commissioned a major onshore seismic survey for AGOCO in Libya’s Concession 57, deploying 40,000 STRYDE seismic nodes across 1,480 km². The project marks North Africa’s largest nodal seismic acquisition to date. SourceContinue Reading
BKV Corporation has closed its $370 million acquisition of Bedrock Energy Partners’ Barnett shale assets, adding 97,000 net acres, 108 MMcf/d of production, and expanded drilling inventory to solidify its role as the basin’s largest gas producer. SourceContinue Reading
