Category: Uncategorized

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.

SBM Offshore has secured $465 million in financing for FSO Chalchi, the floating storage and offloading vessel that will support Woodside’s Trion deepwater development offshore Mexico.

After a fresh round of U.S. and Iranian strikes raised new concerns over Strait of Hormuz shipping, Washington and Tehran are preparing to resume talks in Doha as oil markets weigh the prospects for a lasting de-escalation.

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.

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.

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.

Magnolia Oil & Gas has emerged as the leading bidder to acquire WildFire Energy in a deal valued at more than $4 billion, according to Bloomberg. If completed, the deal would significantly expand its Eagle Ford footprint and mark the company’s largest acquisition to date.

Aker Solutions has secured a five-year services agreement from Cenovus Energy to support the White Rose field offshore Canada, covering engineering and maintenance for the new West White Rose platform and the SeaRose FPSO.

Production at Kazakhstan’s Karachaganak field has been cut by more than one-quarter after a drone attack forced the shutdown of a Russian gas-processing plant that handles associated gas from the giant oil and gas development.

Evolution Well Services has received ExxonMobil’s 2025 Supplier Excellence Award for its operational performance and electric hydraulic fracturing support in the Permian basin.