Month: July 2025

Square Robot has won a 2026 NIOSH safety award for its SR-3 robotic inspection system, which allows above-ground storage tanks to be inspected onstream without confined-space entry.

BKV has completed its previously announced Barnett shale acquisition, adding more than 65 MMcfe/d of production, 0.35 Tcfe of PDP reserves and approximately 117,000 net acres.

Shape Digital is deploying its AI-powered flare intelligence technology across 10 MODEC FPSOs in Brazil following a pilot, targeting unplanned flaring and improved offshore operating efficiency.

Maritime Developments has completed a deepwater SURF decommissioning campaign in Brazil’s Campos basin, using its portable recovery spread aboard the operator’s existing multipurpose vessel.

U.S. Steel has received the final permit for a $475 million quench-and-tempering facility in Alabama that will expand tubular capacity for the Permian, Eagle Ford, Haynesville and Marcellus basins.

Borr Drilling will divest its 51% stake in Mexican joint venture Perfomex while retaining ownership of three jackup rigs operating under Pemex contracts through 2028 and 2030.

Thailand has approved Valeura Energy’s farm-in for a 40% interest in two PTTEP blocks in the Gulf of Thailand, advancing plans for further offshore exploration and development.

Halliburton has won a multi-year contract from Eni to provide integrated drilling, well construction and completions services for the Cronos ultra-deepwater gas development offshore Cyprus.

TotalEnergies and Mistral are investing more than $115 million to develop advanced AI models aimed at improving oil and gas exploration, reservoir analysis and field development decisions.

Fulkrum has won an inspection services contract covering Vår Energi’s NCS project portfolio, with work already underway on three subsea developments in the Gjøa area.