Month: June 2026

Flowserve has completed its $490 million acquisition of Trillium Flow Technologies’ Valves Division, expanding its engineered flow-control portfolio and aftermarket capabilities across global energy and industrial markets.

Continental Resources retained the top spot in Enverus’ annual ranking of the 100 largest private U.S. E&P operators, as the report points to renewed private capital deployment across the upstream sector.

SLB has been awarded a seven-year contract by Kuwait Oil Company under the Ahmadi Innovation Valley initiative to support AI, digital technologies, production optimization, reservoir management and applied upstream research. The agreement also includes plans for a dedicated innovation facility in Kuwait.

Enverus has acquired four PDS Energy Information exchange platforms, expanding its digital network for frac coordination, well data, production reporting and produced water logistics across the U.S. upstream industry.

Tenaris will invest more than $90 million to modernize its Pennsylvania steel shop and seamless pipe manufacturing facilities, expanding automation, improving production efficiency and supporting U.S. oil country tubular goods (OCTG) manufacturing for the energy industry.

Shell expects global LNG trade to remain flat in 2026 if shipping through the Strait of Hormuz returns to normal this summer but warns that a prolonged closure could result in a rare annual decline in LNG supply. The outlook comes as Qatar continues recovering from conflict-related disruptions.

ADNOC is proposing a new pricing methodology for Upper Zakum, Das and Umm Lulu crude that would link official selling prices to the Dubai benchmark rather than Murban futures. The move could simplify regional pricing comparisons as the UAE expands crude exports.

Eco Atlantic has received final ministerial approval for its Namibia PEL 98 farm-out while advancing additional exploration agreements in Namibia, South Africa and Guyana.

Eni has agreed to acquire a 32% stake in three Vaca Muerta blocks, joining YPF and XRG in advancing the Argentina LNG project and its planned 12-MMtpa floating LNG export development.

SandRidge Energy will acquire producing assets and leasehold interests in the Cherokee Play for $65 million, adding approximately 3,000 boed of production and expanding its Mid-Continent drilling inventory.