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Shell to Acquire TotalEnergies’ Interest Offshore Nigeria for $510 Million
July 9, 2025
Shell Nigeria Exploration and Production Company (SNEPCo), a subsidiary of Shell, signed an agreement with TotalEnergies to acquire its 12.5 percent stake in the Bonga field, an oil mining lease offshore Nigeria. Shell’s interest will increase from 55 percent to
Happy Independence Day!
July 4, 2025
July 4th marks the official founding of the United States in 1776. It is a national holiday filled with fireworks, parades, and patriotic pride. But beyond the festivities lies a powerful story of revolution, resilience, and the birth of a
Trump Signals U.S. May Ease Iran Oil Sanction Enforcement to Help Rebuild Country
June 27, 2025
President Donald Trump said on Wednesday that the U.S. has not given up its maximum pressure on Iran — including restrictions on sales of Iranian oil — but signaled a potential easing in enforcement to help the country rebuild. “They’re
BP and Others Pulling Staff from Iraq Oilfields, Output Steady
June 27, 2025
BP, Eni, and TotalEnergies have begun evacuating foreign personnel from Iraqi oilfields where they operate, state-run Basra Oil Company said on Monday. Output from Iraq’s southern oilfields for the time being remains unchanged with exports averaging 3.32 million barrels per
SLB OneSubsea Secures EPC Contract for Northern Lights CO₂ Transport and Storage Project Expansion
June 27, 2025
SLB has been awarded an engineering, procurement, and construction (EPC) contract by Equinor to its OneSubsea™ joint venture for a CO₂ subsea injection system for the Northern Lights phase two project offshore Norway. The final investment decision for phase two
Hunting Acquires Offshore Services Group Flexible Engineered Solutions for $68 Million
June 25, 2025
Hunting has completed the acquisition of Flexible Engineered Solutions (FES), a company based in the United Kingdom, for $68 million. The acquisition is in line with Hunting’s broader growth strategy which detailed its expansion into the subsea equipment sub-sector of
Horizon Oil to Acquire Stake in Exxon’s Sinphuhorm, Nam Phong Gas Fields for $30 Million, Thailand
May 9, 2025
Horizon Oil has signed a sale and purchase agreement to acquire stakes in the producing Sinphuhorm and Nam Phong gas fields onshore Thailand from ExxonMobil. The acquisition involves a 7.5 percent working interest in the Sinphuhorm gas field and a
U.S. and Ukraine Sign Deal Giving U.S. Access to Country’s Valuable Mineral Wealth
May 1, 2025
The U.S. and Ukraine on Wednesday signed an agreement granting American access to Ukraine’s vast mineral resources, finalizing a deal months in the making that could enable continued military aid to Kyiv amid concerns that President Donald Trump might scale
Baker Hughes, Frontier Form CCS Partnership to Accelerate Development of CCS
April 29, 2025
Baker Hughes and Frontier Infrastructure have formed a strategic partnership to accelerate the deployment of large-scale carbon capture and storage (CCS) and power solutions in the U.S. As part of the agreement, Baker Hughes will provide innovative technologies and resources
Woodside to Divest Greater Angostura Assets to Perenco for $206 Million
April 17, 2025
Woodside has entered into an agreement with Perenco to divest its Greater Angostura assets in Trinidad and Tobago for $206 million. The divestment is inclusive of Woodside’s interest in the shallow water Angostura and Ruby offshore oil and gas fields,
