Category: Uncategorized

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.

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.

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.

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.

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%.

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

H&P will deploy seven additional FlexRobotics systems for ExxonMobil over the next 12 months, expanding the drilling automation technology from two systems to nine.

Sri Lanka is seeking international E&P bidders for four offshore blocks covering nearly 34,000 km² in the Mannar basin, with bids due Feb. 2, 2027.

Chevron has joined SLB and TotalEnergies’ Arena collaboration to develop digital subsurface technologies aimed at improving reservoir engineering, geoscience and field development decisions.

Norway-based Logtek has selected Emerson’s AspenTech Geolog technology to automate subsurface and petrophysics workflows supporting E&P decisions across the Norwegian Continental Shelf.