trends

Perma-Pipe International Holdings, Inc. announced it has received a formal letter of award for a development project located in the GCC region. Perma-Pipe will provide thermal insulation, anti-corrosion coatings, and other services from its Abu […]

Shell has announced that oil discovered offshore Namibia in Petroleum Exploration License (PEL) 39 cannot be currently confirmed for commercial development. As such, the company will write down $400 million, citing technical and geological difficulties […]

(Bloomberg) – TotalEnergies SE, Basra Oil Company and QatarEnergy broke ground on a $250 million project to capture gas from the Ratawi oil field in Southern Iraq. The planned facility — which will […]

Constellation and Calpine Corp. today announced they have entered into a definitive agreement under which Constellation will acquire Calpine in a cash and stock transaction valued at an equity purchase price of approximately $16.4 billion. […]

Subsea 7 has secured a contract with Equinor for a front-end engineering and design (FEED) study with EPCI1 option for the Fram Sør development project, offshore Norway. The study will finalize the technical definition […]

ASCO has been awarded a five-year contract until 2030 for base and logistics services for Aker BP in Tananger, Sandnessjøen, and Farsund in Norway. The agreement also includes continued services in warehouse management, […]

Ocean services provider DeepOcean has signed a charter contract for the high-spec subsea vessel Orient Adventurer. The new capacity aligns seamlessly with the company’s service offerings and subsea capabilities across both the offshore renewables and conventional energy […]

Murphy Oil announced that its subsidiary has drilled an oil discovery at the Hai Su Vang-1X exploration well in Block 15-2/17 in the Cuu Long Basin, located 40 miles offshore Vietnam. The well was drilled […]

Petro-Victory Energy has announced a strategic partnership with Blue Oak Investments aimed at acquiring Exploration and Production (E&P) assets and companies in Brazil and Latin America. Under this partnership, Blue Oak will provide the capital, […]

Laredo Oil, Inc., an oil exploration and production company with over 30,000 net acres of mineral rights in the West Fork field located north of the Fort Peck reservation in Montana, today announced that it […]