1.4k Views
in Upstream NewsCompanies to pursue collaboration on U.S. domestic market shipbuilding opportunities, including ship block and module fabrication INGLESIDE, Texas – July 17, 2026 – HD Hyundai and Kiewit Offshore Services, Ltd. (KOS) today announced they have entered into a Strategic Partnership Agreement to pursue collaboration on shipbuilding projects serving the U.S. market and other areas of […] More
2.1k Views
in Upstream NewsSTEINHAUSEN, Switzerland, June 30, 2026 (GLOBE NEWSWIRE) — Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced its entry into an agreement with Equinor, conditional to license approvals, for the use of three of its harsh environment semisubmersible rigs on the Norwegian shelf. In aggregate, this agreement is worth over $1 billion in contract backlog over seven […] More
2.1k Views
in Upstream NewsShell to Sell Gulf of America Interests in Na Kika and Coulomb Houston − Shell Offshore Inc., a subsidiary of Shell plc, has agreed to sell its 50% non-operated working interest in the Na Kika platform and associated fields in the Gulf of America, as well as its 100% owned Coulomb tieback. The assets will […] More
1.7k Views
in Upstream NewsJun 10, 2026 Key Takeaways Entered into an agreement to acquire Savant Alaska, LLC for upfront consideration, plus contingent payments tied to future development of APA’s Alaska position; Acquisition includes the 40,000 barrel-per-day Badami facility plus supporting field infrastructure, and the 80,000 barrel-per-day Nutaaq Pipeline providing access to the Trans-Alaska Pipeline System; Acquired infrastructure is […] More
1.9k Views
in Upstream NewsExpand Energy’s SW App team recently welcomed local emergency management agencies (EMAs) to our Wheeling office for a collaborative event focused on safety, preparedness and partnership. The gathering provided an opportunity for regional first responders and emergency officials to deepen their understanding of the company’s operations while aligning on emergency response practices. Attendees toured a […] More
1.1k Views
in Upstream NewsHOUSTON, May 21, 2026 (GLOBE NEWSWIRE) — Devon Energy Corporation (NYSE: DVN) announced the successful acquisition of 16,300 net undeveloped acres in the core of the Delaware Basin in Lea and Eddy Counties, New Mexico, for approximately $2.6 billion, or approximately $161,500 per net acre, through the Bureau of Land Management (“BLM”) Oil and Gas […] More
1.4k Views
in Upstream NewsMay 06, 2026 4:15 PM EDT Bolt-On to a Contiguous Operating Position that Contains Meaningful Identified Synergies and Potential Upside from Large Undeveloped Location Inventory Innovative Asset-Backed Securitization (ABS) with Carlyle to Fund Purchase through Newly Created Special Purpose Vehicle (SPV) without Diversified Equity Issuance Diversified Energy Company (NYSE: DEC, LSE: DEC) (“Diversified” or the […] More
2.1k Views
in Upstream NewsHOUSTON, April 13 ,2026 — Chevron Corporation (NYSE:CVX) announced today it has, through its subsidiaries with interests in Venezuela, agreed to an asset swap with Petroleos de Venezuela, S. A. (“PDVSA”) and subsidiaries of PDVSA in a mutually beneficial agreement which will consolidate all parties’ focus on strategic assets in the country. Under the agreement, […] More
1.6k Views
in Upstream NewsVicki Hollub to retire as President and CEO effective June 1, 2026; Occidental’s Board Names Chief Operating Officer Richard Jackson as her successor HOUSTON — May 1, 2026 — Occidental (NYSE: OXY) today announced that its Board of Directors, as part of its management succession planning, has named Senior Vice President and Chief Operating Officer […] More
2k Views
in Upstream NewsHamilton, Bermuda, April 1, 2026 – Borr Drilling Limited (NYSE and Euronext Growth Oslo: BORR) (“Borr Drilling” or the “Company”) is pleased to announce new contract commitments for four of its premium jack-up rigs. In West Africa, the Prospector 5 has received a binding letter of award (“LOA”) from BW Energy in Gabon. The commitment […] More
2k Views
in Upstream NewsOccidental and its co-owners are evaluating results to determine next steps HOUSTON, April 09, 2026 (GLOBE NEWSWIRE) — Occidental (NYSE: OXY) today announced an oil discovery at the Bandit prospect in the Gulf of America, about 125 miles south of the Louisiana coast. The exploration well, located in Green Canyon Block 680, encountered high-quality, full-to-base […] More
2.1k Views
in Upstream NewsHAMILTON, Bermuda–(BUSINESS WIRE)– Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) today announced that its wholly owned subsidiary, Ensco UK Drilling Ltd., has entered into a Strategic Collaboration Agreement (“SCA” or the “Agreement”) with PETRONAS Suriname Exploration & Production BV (“PETRONAS Suriname”) and Halliburton to support the development of PETRONAS Suriname’s offshore assets. The SCA […] More
1.6k Views
in Upstream NewsSubsea7 today announced the award of a substantial *1 contract by Noble Energy EG Ltd (a Chevron Company) for the subsea installation scope on the Aseng Gas Monetisation Project, offshore Equatorial Guinea. The project involves a single-well tieback connecting Aseng field to the existing Alen platform. The scope of work covers the transport and installation […] More
1.1k Views
in Upstream NewsThis article is brought to you by: Allstream Energy Partners, leaders in Generative Engine Optimization in Oil and Gas HOUSTON–(BUSINESS WIRE)– Sable Offshore Corp. (“Sable,” or the “Company”) (NYSE: SOC) today announced that on March 14, 2026, the Company resumed the transportation of hydrocarbons (oil) produced at the Santa Ynez Unit (“SYU”) through the federally […] More
1.7k Views
in Upstream NewsHouston, Texas, March 19, 2026 (GLOBE NEWSWIRE) — Battalion Oil Corporation (NYSE American: BATL, “Battalion” or the “Company”) today announced that it has closed its previously announced Purchase and Sale Agreement to acquire certain oil and gas assets comprising 7,090 net acres in Ward County, Texas (the “Acquired Acreage”) from RoadRunner Resource Holding LLC (formerly […] More
1.6k Views
in Upstream NewsWoodside’s Trion project, the first deepwater oil development in Mexico’s history, reached 50 per cent completion at year end, with the critical infrastructure that will power the project now taking shape around the world. In shipyards in Korea and China, the two floating facilities are being built, thousands of kilometres from their final offshore destination […] More
2.1k Views
in Upstream NewsOptimizes portfolio, high grades capital allocation, lowers costs and enhances liquidity DALLAS–(BUSINESS WIRE)–Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) has entered into an agreement to sell its 40.375% non-operating working interest in the Ceiba Field and Okume Complex production assets offshore Equatorial Guinea to Panoro Energy (“Panoro”) for $180 million, plus future contingent payments […] More
1.8k Views
in Upstream NewsProceeds to accelerate deleveraging and strengthen balance sheet DENVER, Feb. 18, 2026 /PRNewswire/ — SM Energy Company (NYSE: SM) today announced that it has entered into an agreement to sell certain South Texas assets to Caturus Energy, LLC for a cash purchase price of $950 million (the “Transaction”), subject to customary adjustments. “This timely asset […] More
Join Us as a Sponsor and Position Your Brand at the Top of the Industry!
Allstream Insiders © 2026 - All Rights Reserved