ExxonMobil and Petrobras have raised competition concerns over the planned merger of Saipem and Subsea 7 into Saipem7. The companies warn the $21 billion deal could limit subsea pipeline installation options, drive up costs, and reduce supplier diversity in offshore projects. SourceContinue Reading

Weatherford has secured an eight-year contract with Romgaz, Romania’s largest natural gas producer, to deploy real-time digital wellsite monitoring and AI-enabled production optimization. The deal marks Romgaz’s first use of such technology, enhancing efficiency across thousands of wells. SourceContinue Reading

TechnipFMC has secured a significant subsea production systems contract with Petrobras, valued between $75–$250 million. The award covers new offshore developments, brownfield expansions, and revitalizations in Brazil, with all systems manufactured locally. SourceContinue Reading

Seatrium Limited has agreed to sell its AmFELS Yard in Brownsville, Texas, to Karpower Valley LLC for $65 million. The divestment enhances capital efficiency while maintaining Seatrium’s U.S. market presence through technology centers and service hubs. SourceContinue Reading

Wood Mackenzie has entered into a strategic data partnership with Novi Labs to enhance its Lens Lower 48 solution, integrating operator-verified well data and AI-driven lease-to-well algorithms. The partnership will cover 4.4 million wells that account for over 20% of global oil and gas supply. SourceContinue Reading

U.S. President Donald Trump criticized the UK’s North Sea oil tax regime and green energy push in a UN speech, warning that Prime Minister Keir Starmer’s policies risk shutting down new offshore development. SourceContinue Reading

SLB will acquire RESMAN Energy Technology, adding world-leading tracer and reservoir surveillance solutions to its portfolio. The deal strengthens SLB’s production optimization and recovery capabilities for oil, gas, and emerging CCS projects. SourceContinue Reading

Viking Completion Technology has achieved a key milestone in North Africa after delivering upper completion equipment for an onshore oil project, underscoring the company’s growing role in the region’s upstream sector. SourceContinue Reading

Condor Energies has launched a multi-well drilling program in Uzbekistan as the Canadian independent looks to expand natural gas production and reserves across its portfolio in Central Asia. SourceContinue Reading

Petrofac has extended its long-running partnership with Ithaca Energy, winning a two-year, $50 million contract renewal to provide integrated services across the operator’s UK North Sea portfolio. SourceContinue Reading