Subsea 7 bags over $1.2bn contract with Petrobras for Búzios 9 field development

Pallavi Madhiraju- May 31, 2024 0

In a major offshore oilfield development, Subsea 7 S.A. has been awarded a super-major contract valued at over $1.25 billion by Petrobras. The contract, won ... Read More

Serica Energy appoints Chris Cox as CEO to drive strategic growth

Pallavi Madhiraju- May 15, 2024 0

Serica Energy plc (AIM: SQZ) appoints Chris Cox as CEO, effective 1 July 2024. David Latin will cease his interim CEO role at the same ... Read More

Trinity Exploration and Production to be acquired by Touchstone Exploration

Pallavi Madhiraju- May 2, 2024 0

Touchstone Exploration has entered into a definitive agreement to acquire Trinity Exploration and Production in an all-stock transaction valued at approximately $30.1 million. This deal ... Read More

OKEA ASA announces FID for Brasse development to target 24mboe of oil

Pallavi Madhiraju- April 9, 2024 0

OKEA ASA (OSE: OKEA), in a strategic collaboration with its partners, has officially announced the final investment decision (FID) for the Brasse development, marking a ... Read More

James Fisher and Sons to sell RMSpumptools to ChampionX for £90m

Pallavi Madhiraju- March 23, 2024 0

James Fisher and Sons plc ("James Fisher") has officially announced the divestiture of its subsidiary, RMSpumptools Limited ("RMS"), to ChampionX UK Limited, a subsidiary of ... Read More

Dril-Quip and Innovex Downhole Solutions announce merger to create Innovex International

Pallavi Madhiraju- March 20, 2024 0

In a landmark move for the oil and gas sector, Dril-Quip, Inc. (NYSE: DRQ), a premier developer, manufacturer, and service provider for the offshore and ... Read More

Equinor extends drilling contracts worth NOK18.4bn, ensuring 2,000 jobs annually

Pallavi Madhiraju- March 15, 2024 0

In a significant development for the oil and gas industry, Equinor, on behalf of its partners, has announced the extension of contracts with Archer AS, ... Read More