Halliburton has entered into a strategic collaboration with PETRONAS Suriname and Valaris to support offshore development activities in Suriname, focusing on earlier alignment across planning and execution.
Masirah Oil plans to begin drilling a three-well development program at the offshore Yumna field in Oman in May 2026, advancing activity in Block 50.
Somalia is on the verge of embarking on its first-ever offshore oil drilling operation, marked by the arrival of the Turkish drillship Çagir Bey in Somali waters on Friday. The Turkish Petroleum Corporation’s deep-water drilling vessel will conduct its first international mission off the Somali coast, and is expected to begin drilling at the Curad-1 well in the current month. Seismic data suggests Somalia’s offshore basins could hold between 30 billion and 40 billion barrels of oil and gas equivalent.
Sadara Chemical Company has temporarily shut down production at its Jubail site due to supply-chain disruptions, subsidiary Sadara Basic Services said in a Tuesday stock market disclosure. Citing “several factors, including ongoing disruption to Sadara’s supply chains,” for the shutdown, Sadara Basic Services said it was unable to provide an estimate for the resumption of […]
Chevron has taken final investment decision (FID) on the Aseng Gas Monetization Project offshore Equatorial Guinea, advancing development of gas resources tied to its operated assets in the country. The project, led by Noble Energy EG Ltd., a Chevron subsidiary, will develop gas from the Aseng field using existing midstream infrastructure. The approach is designed to accelerate timelines […]
Subsea7 has been awarded a subsea installation contract for the Aseng Gas Monetization Project offshore Equatorial Guinea, supporting development of a single-well tieback to existing infrastructure. The contract was issued by Noble Energy EG Ltd., a subsidiary of Chevron, and covers installation work linking the Aseng field to the Alen platform. Scope includes the transport […]
Halliburton has acquired Sekal AS from Sumitomo Corporation, strengthening its position in automated drilling and digital well construction technologies. Sekal, a Norway-based specialist in drilling automation, will be integrated into Halliburton’s existing digital and remote operations portfolio. The deal brings together Halliburton’s LOGIX automation systems with Sekal’s DrillTronics platform to deliver a more advanced, fully integrated drilling […]
New Fortress Energy’s Brazil platform has signed a long-term lease and capacity agreement for its Terminal de Gás Sul (TGS) LNG import facility in Santa Catarina, marking a key step in bringing the asset into commercial operation. The agreement, which is expected to begin in August 2026, is projected to generate approximately $50 million in […]
U.S. Bureau of Land Management lease sales across Colorado, Nevada and Utah generated $64.8 million in total revenue, reflecting continued interest in federal onshore acreage. The agency leased 136 parcels covering 131,121 acres during its latest quarterly sale, with revenue distributed between federal and state governments. Utah accounted for the majority of proceeds, generating $56.4 […]
ABL has entered into a two-year master services agreement with Maridive & Oil Services to provide marine assurance and risk support for offshore vessel operations.