H&P expects the acquisition of KCA Deutag to expand its international footprint, particularly in the Middle East, and enhance its global onshore drilling role.
Exxon and Chevron and Guyana and Venezuela—‘Let’s Make A Deal’ meets ‘Love, South American Style.’
Chevron Corp. will divest a 20% interest to QatarEnergy in a production sharing contract related to Suriname offshore Block 5.
Here's a roundup of the latest E&P headlines, with LLOG acquiring 41 blocks in the Gulf of Mexico and Saipem securing $500 million in contracts from Saudi Aramco.
Exxon Mobil Corp. announced plans for its seventh development offshore Guyana, Hammerhead, which will add 120,000 bbl/d to 180,000 bbl/d of production capacity starting in 2029.
Occidental Petroleum is in talks with joint venture partner Ecopetrol SA to acquire a 30% stake in CrownRock LP for approximately $3.6 billion, according to regulatory filings.
Vista Energy, one of the largest producers in Argentina’s Vaca Muerta shale field, aims to get bigger through Exxon Mobil assets reportedly being shopped for $1 billion.
After years of noncompliance and underreporting of actual crude production, many OPEC+ members are voluntarily reducing output beyond set goals, according to analysis by Rystad Energy.
The FTC plans to delay its decision whether to block Chevron's $53 billion takeover of Hess until after an arbitration case with Exxon Mobil is settled, Bloomberg News reported on July 11.
The slow restoration of power continues hindering some companies' efforts to quickly return operations to normal, especially around Freeport, one of Texas' largest energy hubs.