The Latest

Chord Drills First 4-Mile Bakken Well, Eyes Non-Op Marcellus Sale

Chord Energy drilled and completed its first 4-mile Bakken well and plans to drill more this year. Chord is also considering a sale of non-op Marcellus interests in northeast Pennsylvania.

Vår Energi Makes Third Oil Discovery in Barents Sea

Vår Energi has discovered a third offshore oil reserve in the Goliat area of the Norwegian Continental Shelf as part of an exploratory collaboration with Equinor.

Trump Axes Chevron's Venezuela Oil License, Citing Lack of Electoral Reforms

U.S. President Donald Trump on Feb. 26 said he was reversing a license given to Chevron to operate in Venezuela. 

Halliburton, Sekal Partner on World’s First Automated On-Bottom Drilling System

Halliburton Co. and Sekal AS delivered the well for Equinor on the Norwegian Continental Shelf.

Iveda Deploys New Liquid Storage Management Solution for Gulf Western Oil

IoT servicer Iveda’s LevelNOW system uses sensors to deliver real-time information about tank levels.

BP Cuts Renewable Investment, Boosts Oil and Gas in Strategy Shift

BP aims to grow oil and gas production to between 2.3 MMboe/d and 2.5 MMboe/d in 2030.

Coterra’s Rigs ‘Stay Camped Out’ in Delaware Basin Mega-DSU Drilling

With 57 wells already in one “row” development, Coterra Energy has 16 more underway, plus rigs at work on two more mega-DSU developments totaling 90 wells.

Civitas Makes $300MM Midland Bolt-On, Plans to Sell D-J Assets

Civitas Resources is adding Midland Basin production and drilling locations for $300 million. To offset the purchase price, Civitas set a $300 million divestiture target “likely to come” from Colorado’s D-J Basin, executives said.

Saipem, Subsea7 Merge to Create Offshore Services Company

The new energy services company called Saipem7 would have an annual revenue of $21 billion.

Trump Says Canada, Mexico Tariffs will Go Forward

Crude and natural gas from Canada face a 10% tariff, all other goods coming into the U.S. from its north and south neighbors will face a 25% fine.