Latest Headlines

  1. Cactus Announces Agreement To Acquire 65% Controlling Interest In Baker Hughes' Surface Pressure Control Business 6/2/2025

    Cactus, Inc. (“Cactus” or the “Company”) announced today that its subsidiary Cactus Companies, LLC has entered into a definitive agreement with certain subsidiaries of Baker Hughes Company (“Baker Hughes”) to acquire 65% and assume operational control of the Baker Hughes Surface Pressure Control Business (“SPC” or the “Business”).

  2. API Applauds Department Of The Interior's Action To Repeal The NPR-A Rule 6/2/2025

    American Petroleum Institute (API) Senior Vice President of Policy, Economics and Regulatory Affairs Dustin Meyer issued the following statement after the Department of the Interior announced a proposal to repeal the previous administration's restrictive rule on energy development in Alaska's National Petroleum Reserve.

  3. Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, And Oman Reaffirm Commitment To Market Stability On Current Healthy Oil Market Fundamentals And Steady Global Economic Outlook And Adjust Production 5/31/2025

    The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on 31 May 2025, to review global market conditions and outlook.

  4. EOG Resources To Acquire Encino Acquisition Partners From CPP Investments And Encino Energy, Strengthening Premier Utica Asset; Increases Regular Dividend 5% 5/30/2025

    EOG Resources, Inc. (EOG) today announced a definitive agreement with Canada Pension Plan Investment Board (CPP) and Encino Energy under which EOG will acquire Encino Acquisition Partners (EAP or Encino) for $5.6B, inclusive of EAP’s net debt.

  5. bpTT Announces Mento First Gas 5/29/2025

    bp Trinidad and Tobago (bpTT) announced today that the Mento development has safely delivered first gas through connection of the initial discovery well and the drilling campaign for the remaining seven gross wells on the platform will now begin.

  6. API Applauds Supreme Court's NEPA Decision 5/29/2025

    The American Petroleum Institute (API) today issued the following statement from Senior Vice President and General Counsel Ryan Meyers on the Supreme Court's unanimous ruling to narrow the requirements of environmental reviews for major infrastructure projects under the National Environmental Policy Act (NEPA).

  7. BW Offshore Acquires FPSO Nganhurra To Leverage Redeployment Opportunities 5/28/2025

    BW Offshore has signed an agreement to acquire the FPSO Nganhurra, securing a high-quality production unit in a market where comparable opportunities are becoming increasingly scarce.

  8. Eni: Exclusivity Agreement Signed With GIP For The Potential Sale Of A Co-Control Stake In Eni CCUS Holding 5/27/2025

    Eni has signed an agreement to enter into a period of exclusivity with Global Infrastructure Partners (“GIP”), a leading global infrastructure investor and a part of BlackRock, aimed at progressing the confirmatory due diligence phase and completing the drafting of the documents related to the sale of a co-control stake of 49.99% in Eni CCUS Holding – a leading European player in the CCUS sector (Carbon Capture, Utilization and Storage) – which includes and operates the following projects: Hynet and Bacton in the UK, L10 in the Netherland, and, in the context of a maturation of the regulatory and market framework, has the future right to acquire the Ravenna project in Italy.

  9. Kongsberg Maritime Launches The TTH Tunnel Thruster Series For Improved Performance And Maintenance 5/27/2025

    Kongsberg Maritime announces the launch of its new Tunnel Thruster type TTH – the Harmonised series – setting new standards in performance and reliability with a compact, modular design that allows for flexible installation and optimal integration into a wide range of vessel types.

  10. Libra Consortium Announces First Oil From Mero-4 FPSO In Brazil Pre-Salt 5/26/2025

    Shell Brasil Petróleo Ltda. (Shell Brasil), a subsidiary of Shell plc, announced the start of production at the floating production storage and offloading facility (FPSO) Alexandre de Gusmão in the Mero field in the Santos Basin offshore Brazil.