NEWS — Click on text to read news by category: General | Product | People | Worldwide
Hunting Secures $63.5M Contract for Its Titanium Stress Joint Product, Offshore Development Guyana
June 1, 2026
Hunting has been awarded orders totaling $63.5 million for its titanium stress joint (TSJ) product line, for a new offshore development in Guyana. “Our TSJ product line, which is a critical component for offshore developments, continues to be adopted on
Equinor to Divest Its Vaca Muerta Portfolio to Vista Energy for $1.1 Billion
May 28, 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
Baker Hughes Secures Strategic Gas Technology Order Supporting Argentina’s Gas Infrastructure
May 28, 2026
Baker Hughes said it has secured a strategic order from San Matias Pipeline S.A. to supply three gas compression units for a major natural gas pipeline project in Argentina. “This award underscores our continued focus on supporting critical gas infrastructure
Tamboran Reaches FID on Its Shenandoah South Pilot Project, Australia
May 27, 2026
The Beetaloo joint venture (BJV) has made a final investment decision (FID) for the Shenandoah South Pilot Project, which is currently on track to commence first gas sales from mid-2026. The decision by the BJV to take FID follows the
ExxonMobil, Halliburton Achieve World’s First Fully Closed-Loop Automated Well Placement
May 26, 2026
Halliburton, in collaboration with ExxonMobil, Sekal, Noble, and the Wells Alliance Guyana team, delivered a groundbreaking step forward in digital well construction to achieve the industry’s first fully automated geological well placement with complete rig automation in offshore Guyana. The
Canada-based Crown Point Acquires 95% Stake in Argentina Oil & Gas Concessions for $57.9 Million
May 21, 2026
Crown Point Energy has closed on the acquisition of interest in the El Tordillo, La Tapera, and Puesto Quiroga hydrocarbon exploitation concessions and certain related infrastructure. The company has now acquired an aggregate 95 percent interest in the Chubut Concessions.
Tidewater to Acquire Wilson’s Brazil Fleet for $500 Million
May 20, 2026
Tidewater has entered into a definitive agreement to acquire all of the outstanding shares of Wilson Sons Ultratug Participações (WSUT) and its affiliate Atlantic Offshore Services at an enterprise value of approximately $500 million, including the assumption of WSUT’s existing
TotalEnergies and Partners Start Up Quiluma Field, Angola
May 18, 2026
TotalEnergies and its partners have started production from the Quiluma field in Angola. The Quiluma field in Angola is owned by a consortium known as the New Gas Consortium, which includes Azule Energy (37.4 percent, operator), Cabinda Gulf Oil Company
Shell, Equinor Complete Formation of JV Company Adura, UK’s Largest Independent North Sea Producer
May 14, 2026
Shell and Equinor have completed a deal to combine their UK offshore oil and gas operations to form a new company. Adura, which launched today, will be the largest independent producer in the UK North Sea. Neil McCulloch, who will
Hexagon to Acquire Baker Hughes’ Waygate Technologies Business for $1.45 Billion
May 12, 2026
Hexagon has signed a definitive agreement to acquire Waygate Technologies, a leading provider of non-destructive testing solutions, from Baker Hughes for $1.45 billion. Waygate Technologies serves customers across aerospace, automotive, energy, and industrial manufacturing sectors globally, and brings with it
