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Valaris Announces Multi-Year Contract Awards for Drillships VALARIS DS-16 and DS-18
Hamilton, Bermuda, July 6, 2025 … Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) announced today that it has been awarded a 940-day contract extension for drillship VALARIS DS-16, starting in June 2026, and a new 914-day contract for drillship VALARIS DS-18, that is expected to start in mid-fourth quarter 2026, with Anadarko Petroleum Corporation,… More
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BREAKING $5.6 Billion Deal – EOG Resources to Acquire Encino Energy
This Article Brought to You by: Allstream Energy Partners Digital Marketing Experts in Oil and Gas EOG Resources to Acquire Encino Acquisition Partners from CPP Investments and Encino Energy, Strengthening Premier Utica Asset; Increases Regular Dividend 5% May 30, 2025: HOUSTON – EOG Resources, Inc. (EOG) today announced a definitive agreement with Canada Pension Plan… More
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OFFSHORE Total Energies Brazil: First oil of Mero-4
Paris, May 26, 2025 – TotalEnergies announces first oil from the fourth development phase of the Mero field on the Libra block, located 180 kilometers off the coast of Rio de Janeiro, Brazil, in the pre-salt area of the Santos Basin. Launched in August 2021, this new phase called “Mero-4” will connect 12 wells to… More
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Sable Offshore Restarts Production off the coast of California after 10 years
05/19/2025 HOUSTON–(BUSINESS WIRE)– Sable Offshore Corp. (“Sable,” or the “Company”)(NYSE: SOC) today announced that as of May 15, 2025, it has restarted production at the Santa Ynez Unit (“SYU”) and has begun flowing oil production to Las Flores Canyon (“LFC”). Additionally, with the completion of the Gaviota State Park anomaly repairs on the Las Flores… More
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$608 MILLION DIVESTITURE: APA Corporation Announces First-Quarter 2025 Financial and Operational Results
Key Takeaways Reported production of 469,000 barrels of oil equivalent (BOE) per day; adjusted production excluding Egypt noncontrolling interest and tax barrels, was 398,000 BOE per day; Notable efficiency gains, primarily in Permian drilling, enabling reduction of full-year development capital guidance by $150 million while remaining within original U.S. oil production guidance range; Increased 2025… More
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Permian Resources Announces Strong First Quarter 2025 Results, Revised 2025 Guidance and Strategic Bolt-On Acquisition of Core Northern Delaware Basin Assets
MIDLAND, Texas – Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced its first quarter 2025 financial and operational results, revised full year 2025 guidance and a strategic Northern Delaware Basin bolt-on acquisition. Recent Financial and Operational Highlights Reported crude oil and total average production of 175.0 MBbls/d and 373.2 MBoe/d Announced… More
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SLB OneSubsea and Subsea7 Awarded EPCI Contract for bp’s Ginger Project
New way of working helps unlock final investment decision (FID) for project offshore Trinidad and Tobago HOUSTON, May 05, 2025 — SLB (NYSE: SLB) today announced the award of a substantial engineering, procurement, construction and installation (EPCI) contract by bp to its OneSubsea™ joint venture and Subsea7 for the Ginger project offshore Trinidad and Tobago…. More
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Valaris Announces Sale of Jackup VALARIS 247 to BW Energy for $108 Million
HAMILTON, Bermuda–(BUSINESS WIRE)– Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) announced today that it has agreed to sell jackup VALARIS 247 to BW Energy (“BWE”) for cash proceeds of approximately $108 million. This sale is expected to close in the second half of 2025, subject to customary closing conditions. As part of the sales… More
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Shell Eyes BP in Potential Mega-Merger
The global energy sector is abuzz with speculation following reports suggesting that Shell is evaluating a potential takeover of BP. While no formal move has been made, Shell is said to be working with advisers to assess the feasibility of such a deal, awaiting further declines in BP’s stock and oil prices before deciding whether… More
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