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
Operator LLOG Exploration has achieved first production at the Salamanca Floating Production Unit in the deepwater U.S. Gulf. The facility, located in 6,400 ft of water, marks the first reuse of a former Gulf production unit repurposed for new development. SourceContinue Reading
Occidental Petroleum is in talks to sell its OxyChem petrochemical unit in a deal worth at least $10 billion, the Financial Times reported Sunday. The divestment would be the U.S. company’s biggest yet. SourceContinue Reading
LLOG Exploration has achieved first production at the Salamanca Floating Production Unit in the deepwater U.S. Gulf of Mexico. The refurbished facility, producing from the Leon field, will ramp up output with additional Leon and Castile wells through 2026. SourceContinue Reading
TotalEnergies has sold a $1.25 billion U.S. solar portfolio stake to KKR while acquiring a 49% interest in Continental Resources’ Oklahoma gas assets. The strategy highlights the French major’s balance between recycling capital from renewables and reinforcing its upstream oil and gas position in North America. 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
In a new Op-Ed, Texas Railroad Commissioner Wayne Christian backs President Trump’s blunt UN remarks, calling the global climate agenda a costly con that threatens U.S. energy security. SourceContinue Reading
Motive Offshore Group has acquired Norway-based Weld Integrity Group, strengthening its Certification & Inspection division and expanding non-destructive testing (NDT) and inspection services in the offshore Norway region. SourceContinue Reading
BW Energy is evaluating a potential acquisition of Azule Energy’s non-operated interests in Angola’s Block 14/14K, part of its strategy to expand offshore oil and gas assets, the company stated, while clarifying that no binding agreement has been reached. SourceContinue Reading
