Latest Headlines

1. Magma Global Delivers World’s First High Pressure Composite Riser Pipe To HWCG 5/14/2021

   Magma Global today announces delivery of the world’s first high-pressure composite riser pipe to HWCG’s storage location on the U.S. Gulf Coast, completing its rapidly deployable Offset Flexible Riser (OFR) system.

2. SDRL – New Angola Contract For Seadrill Joint Venture Quenguela Drillship 5/14/2021

   Seadrill Limited (“Seadrill”) is pleased to announce a new contract has been secured by Sonadrill Holding Ltd (“Sonadrill”), the 50:50 joint venture with an affiliate of Sonangol E.P. (“Sonangol”).

3. Schlumberger Appoints Dr. Katharina Beumelburg As Chief Strategy And Sustainability Officer 5/13/2021

   Schlumberger announced today the appointment of Dr. Katharina Beumelburg to the position of Chief Strategy and Sustainability Officer, Schlumberger Limited, reporting to Olivier Le Peuch, Chief Executive Officer. The appointment is effective Monday, May 17.

4. INGU Targets North American Municipal Water Markets In Expanded Distribution Agreement With PICA 5/12/2021

   INGU, an innovator in inline inspection solutions for the global oil, gas and water industries, has reached an expanded distribution agreement with PICA, a North American leader in pipeline inspection and condition analysis services.

5. Enbridge Federal Court Case Receives Broad Support From Government, Business And Labor From Michigan, Canada, And Throughout The Region 5/12/2021

   The Government of Canada and entities representing hundreds of thousands of businesses and workers from across the Great Lakes region in the United States and Canada demonstrated support for Enbridge's case in federal court over the Line 5 easement in the Straits of Mackinac by submitting friend of the court briefs.

6. Bonanza Creek And Extraction To Combine In Merger Of Equals, Creating Civitas Resources – A New Colorado Energy Leader And The State’s First Net-Zero Oil & Gas Producer 5/10/2021

   Bonanza Creek Energy, Inc. (NYSE: BCEI) (“Bonanza Creek”) and Extraction Oil & Gas, Inc. (NASDAQ: XOG) (“Extraction”), today announced that they have entered into a definitive agreement to combine in an all-stock merger of equals.

7. Schlumberger And NOV Announce Collaboration To Accelerate Adoption Of Automated Drilling Solutions  5/10/2021

   Schlumberger and NOV announced today a collaboration to accelerate automated drilling solutions adoption by oil and gas operators and drilling contractors.

8. Petrofac Secures Contract For bp Project In Mauritania And Senegal 5/10/2021

   Petrofac has secured a contract with bp to develop operational procedures for their Greater Tortue Ahmeyim (GTA) Project in Mauritania and Senegal.

9. Media Statement Update: Colonial Pipeline System Disruption 5/9/2021

   Colonial Pipeline has made substantial progress in safely restarting our pipeline system and can report that product delivery has commenced in a majority of the markets we service. By mid-day today, we project that each market we service will be receiving product from our system. The green segments on this map are operational, meaning product delivery has commenced.

10. Laredo Petroleum Announces Transformative Transactions 5/9/2021

    Laredo Petroleum, Inc. ("Laredo" or the "Company") today announced the signing of a purchase and sale agreement to acquire the assets of Sabalo Energy, LLC ("Sabalo"), a portfolio company of EnCap Investments L.P. ("EnCap"), and a non-operating partner for approximately $715M, subject to customary closing price adjustments, comprised of $625M in cash and approximately 2.5 million shares of Laredo common equity.