Month: July 2025

Enverus reports that Anadarko basin drilling inventory grew 37% year over year to 8,055 locations, as private operators gain ground and production is forecast to rise 15% through 2030.

Shell will acquire a 30% stake in Equinor’s Bay du Nord offshore oil project in Canada, advancing the C$14 billion development toward a final investment decision in early 2027.

The deal brings over coiled tubing units and related equipment from STEP Energy Services’ U.S. coiled tubing, fluid and nitrogen pumping, and well services operations, paid for with revolver-funded cash and about 307,500 Ranger shares.

Federal officials have proposed a March 2027 offshore oil and gas lease sale covering 1.05 million acres and 224 blocks in Alaska’s Cook Inlet, with a proposed 12.5% royalty rate.

SLB has commissioned a new liquid mud plant in Pemba, Mozambique, adding 21,000 bbl of drilling and completion fluids storage capacity to support growing offshore activity.

Transocean has added approximately $1.1 billion to its firm drilling backlog, including final approval of a $1 billion Equinor agreement and a new $62 million Shell contract offshore Norway.

EnerMech has secured a Subsea7 contract to provide pipeline testing and pre-commissioning services for the Ginger subsea development offshore Trinidad and Tobago.

Drilling Tools International will acquire Saltire Energy and Foxley Energy for $80 million in cash plus stock, expanding its North Sea presence and lifting Eastern Hemisphere revenue exposure to approximately 40%.

SLB has secured a 15-year agreement to deploy its DrillPlan technology across TotalEnergies’ global upstream portfolio, integrating subsurface data with digital well planning and engineering workflows.

Crescent Energy will acquire Devon Energy’s Eagle Ford assets in a $4.2 billion cash deal, adding 68,000 boed of production and more than 600 drilling locations in Texas.