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SoftVest and Blackbeard have agreed to combine Permian Basin Royalty Trust with Blackbeard’s land and mineral assets in a $2.2 billion transaction creating one of the Permian Basin’s largest integrated land and royalty platforms.

Keppel will monetize up to 10 legacy offshore rigs through a new Apollo-backed investment fund, expanding its offshore asset management platform while capitalizing on strengthening rig market fundamentals.

Woodside reported an 18% decline in second-quarter production after Cyclone Sean and planned maintenance at its Pluto LNG facility, while reaffirming that the Scarborough LNG project remains on track for first production in the fourth quarter.

Eni and TotalEnergies have approved development of the Cronos gas field offshore Cyprus, paving the way for the country’s first gas production and a new LNG export route to Europe through existing infrastructure in Egypt.

PetroChina is reportedly weighing the sale of part of its stake in LNG Canada to help finance the project’s planned Phase 2 expansion, as growing geopolitical tensions reinforce demand for new LNG export capacity.

President Trump said he wants to avoid further escalation with Iran as negotiations continue over reopening the Strait of Hormuz, keeping global oil markets focused on the region’s critical shipping corridor.

Sir Ian Wood, the visionary entrepreneur who built Wood Group into a global engineering leader and helped shape the North Sea oil and gas industry, has died at the age of 84, leaving a legacy that continues to influence offshore energy and UK regulation.

DOF Group will sell four platform supply vessels and acquire two new construction support vessels as part of its fleet optimization strategy, while also declaring a constructive total loss on the Skandi Amazonas following its grounding off Brazil.

ABL has secured a contract to support installation of Papua New Guinea’s first offshore floating storage and offloading (FSO) facility, a key milestone for the country’s offshore oil infrastructure.