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SLB Launches ExaCT Electrical Downhole CT Control System
October 14, 2026
SLB has launched the ExaCT™ electrical downhole coiled tubing (CT) control system, an advanced intervention platform that introduces real-time electrical control to coiled tubing operations. By replacing pressure-dependent hydraulic actuation with electrical communication, power delivery and telemetry, the ExaCT system
ONEOK Completes $4.425 Billion Acquisition of Brazos Midstream’s Permian Midland Basin Assets
October 13, 2026
ONEOK has completed the acquisition of Brazos Midstream’s Permian Midland Basin natural gas gathering and processing assets for total cash consideration of approximately $4.425 billion. “The completion of this acquisition further strengthens our Permian Midland Basin position with a premier
ExxonMobil Expands Deployment of FlexRobotics® Technology
October 13, 2026
Helmerich & Payne has expanded its deployment of its FlexRobotics® technology with ExxonMobil marking another milestone in the companies’ ongoing collaboration to advance drilling automation, enhance safety, and improve operational performance. “Expanding the deployment of our FlexRobotics® technology demonstrates the
Woodside Energy Names Stephane Drouaud Managing Director Mexico
October 13, 2026
Woodside Energy said Stephane Drouaud, vice president of the Trion Project, will relocate to Mexico City and in addition to his current responsibilities, will take on the role of managing director of Woodside in Mexico. In this new role, Stephane
Shell Acquires 30% Stake in Equinor’s Bay du Nord Project, Offshore Canada
October 12, 2026
Equinor and Shell have signed an agreement where Shell will acquire a 30 percent interest in the Bay du Nord Project offshore Newfoundland and Labrador in Canada. The transaction supports the continued maturation of Bay du Nord towards an investment
JAPEX Closes $278M Acquisition of Fundare Resources’ Oil and Gas Assets in Colorado and Wyoming
October 12, 2026
Japan Petroleum Exploration Co. (JAPEX) has completed the acquisition of Fundare Resources Operating Company which hold tight oil and gas assets in Colorado and Wyoming. Fundare will continue to operate the assets going forward. The total enterprise value for the
Matador Resources Closes Ridge Runner Acquisition
October 12, 2026
Matador Resources has closed on the acquisition of approximately 13,600 net acres, most of which is undeveloped acreage, from Ridge Runner Resources. Ridge Runner is a portfolio company of EnCap Investments. “Matador is excited to close yet another important transaction
DOE Authorizes Strategic Petroleum Reserve Exchange to Address Supply Disruptions Due to Hurricane
October 12, 2026
The U.S. Department of Energy (DOE) has authorized an emergency exchange of up to 4 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) to address supply disruptions due to inclement weather in the Gulf of America. Under
Crescent Energy to Acquire Devon’s Eagle Ford Assets for $3.85 Billion
October 9, 2026
Crescent Energy has entered into a definitive agreement to acquire Eagle Ford assets from Devon Energy for an estimated net purchase price of approximately $3.85 billion. The transaction solidifies Crescent’s world-class Eagle Ford position, adding tier 1 inventory and meaningful
Equinor to Divest Its Vaca Muerta Portfolio to Vista Energy for $1.1 Billion
October 9, 2026
Equinor has signed an agreement with Vista Energy to divest its full onshore position in Argentina’s Vaca Muerta basin. The transaction includes Equinor’s 30 percent non-operated interest in the Bandurria Sur asset and its 50 percent non-operated interest in the
