Month: July 2026

SLB has launched its ExaCT electrical control system for coiled tubing interventions, with field testing showing a roughly 175-hour reduction in intervention time during one six-lateral well operation.

DNV has acquired Equinor’s WellSpot technology, developed and operated over 15 years, and will commercialize the platform to help offshore operators continuously monitor and manage subsea wellhead fatigue.

L&T Energy Hydrocarbon Offshore has secured a more than ₹150 billion ($1.57 billion) EPCIC contract for a major Middle East offshore development involving multiple facilities and subsea infrastructure.

Iran has announced a natural gas discovery containing more than 7.5 Tcf in Fars province, including an estimated 5.7 Tcf of recoverable gas, as the country contends with production losses following months of attacks on energy infrastructure.

AquaTerra Group is seeing record demand across North Sea decommissioning, integrity and late-life maintenance projects, with more than 150 personnel offshore and over 200 equipment kits currently on hire.

Petrobras has entered negotiations for four exploration blocks offshore Ghana in the Keta basin, advancing its strategy to expand frontier exploration and replenish oil and gas reserves.

Oil headed for a roughly 6% weekly gain, with Brent near $94 a barrel, as markets awaited new U.S. economic measures targeting Iran amid continued Middle East supply disruptions.

DNO will sell its Côte d’Ivoire oil and gas business to Panoro Energy for $86.5 million, divesting roughly 3,300 boed of production as it concentrates on its expanded North Sea portfolio.

Petrobras and Pemex are evaluating high-risk pre-salt exploration opportunities offshore Mexico, applying Petrobras’ deepwater expertise to Jurassic source rocks beneath the Gulf of Mexico.

Transocean has secured a two-year binding award with ONGC for the Dhirubhai Deepwater KG2 in India, adding approximately $300 million in contract value with options that could extend the drillship’s campaign into early 2031.