Month: July 2025

Baker Hughes has secured a contract from bp to provide vessel-based well stimulation services across its UK North Sea operations, supporting new well development and enhanced recovery from mature fields.

More than a dozen energy agreements are expected as Venezuela moves to expand crude production, with U.S. Energy Secretary Chris Wright saying China will not have debt claims on revenue generated by newly developed oil fields.

The Texas Railroad Commission will use satellite ground-motion data integrated with subsurface injection information to strengthen monitoring of underground injection activity across the Permian basin.

TotalEnergies has completed its acquisition of a 40% operated interest in Namibia’s PEL83 license, taking operatorship of the giant Mopane discovery ahead of a three-well appraisal campaign and targeted 2028 FID.

Eni has expanded its offshore Uruguay exploration position, taking operatorship and a 50% interest in the OFF-5 block while agreeing to acquire a 40% stake in the adjacent APA-operated OFF-6 block.

Chevron plans to invest more than $7 billion in Venezuela over the next five years and more than double production to approximately 600,000 bpd after securing additional acreage in the Orinoco Belt.

Subsea7 has secured a $50–150 million contract from LLOG Exploration for the deepwater Who Dat East development in the U.S. Gulf, including installation of a 29-km riser and pipe-in-pipe system.

Viridien has launched an 18-month subsurface study covering approximately 60,000 km² of onshore Sabah, working with Petronas to assess hydrocarbon prospectivity and identify potential oil and gas exploration opportunities.

Weatherford has completed its acquisition of NCS Multistage, adding well completions and reservoir diagnostics technologies while strengthening its oilfield services portfolio in North America and other markets.

A new U.S.-Venezuela oil agreement covers 17 fields containing approximately 65 Bbbl of proven reserves, with North American Blue Energy Partners planning up to $100 billion in investment to expand Venezuelan oil production and infrastructure.