Month: April 2023

Matador Resources will acquire Paloma Permian for $1.28 billion, adding more than 16,000 net acres in the Delaware basin, while reporting strong initial results from its first Woodford exploration well in southeast New Mexico.

Velesto Energy has secured a $51 million integrated rig, drilling and completion (i-RDC) services contract from Chevron Malaysia to support the 2026–2028 North Malay Basin Full Field Development campaign using the NAGA 8 jackup rig offshore Malaysia.

Capstone Energy+ will supply a C600S microturbine to Maurel & Prom’s onshore asset in Gabon, converting recovered associated gas into on-site power under a 36-month Energy-as-a-Service lease while supporting flare gas reduction and remote oilfield operations.

TGS has launched Phase 2 of its Orphan Basin 3D seismic reprocessing project offshore Newfoundland and Labrador, applying advanced depth imaging technologies to enhance prospect evaluation across 13,300 km² of one of Canada’s most prospective offshore exploration regions.

Halliburton has secured a long-term agreement with Kuwait Oil Company to help develop the Ahmadi Innovation Valley, an upstream R&D center focused on AI, digital technologies and solutions for brownfield, greenfield and unconventional oil and gas assets.

Halliburton reported second-quarter 2026 revenue of $5.7 billion as stronger North American stimulation and well construction activity drove sequential growth, while the company cited a robust international pipeline and continued demand for its oilfield technologies.

TWMA has secured a three-year contract extension with a major operator in Egypt to provide drilling waste management services, reinforcing its long-standing presence in the country’s offshore oil and gas sector and supporting continued growth across the Eastern Mediterranean.

ADNOC has approved a $6.2 billion investment to develop the Umm Shaif Gas Cap offshore Abu Dhabi, a project expected to deliver more than 600 MMscfd of natural gas by 2030 and strengthen the UAE’s long-term gas supply.

Vår Energi will acquire BlueNord in a deal that creates Europe’s largest independent oil and gas producer, adding Danish Continental Shelf assets and boosting production to approximately 450,000 boed while strengthening long-term cash flow and dividend capacity.

The U.S. and Iran exchanged new strikes over the weekend, raising tensions across the Middle East and increasing risks to oil markets, commercial shipping and energy infrastructure. The latest escalation comes as attacks near the Strait of Hormuz continue to support higher crude prices.