Business/economics
Superior seeks to expand its international footprint through the acquisition, which is reportedly valued at $1.2 billion.
By acquiring 100% of Ventura’s outstanding shares, SED Energy Holdings would scale its business into a combined $1 billion company backed by a $1.3 billion contract backlog focused on deepwater drilling, shallow-water tender rigs, and seismic acquisition.
TotalEnergies has signaled its intent to reenter Venezuela after a 5-year absence, while Halliburton has teamed up with Brazil’s independent natural gas operator Evena and Venezuelan engineering firm WESCA to also assess business opportunities.
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The transaction supports Occidental Petroleum's operations in the Permian Basin and its enhanced oil recovery program. -
Industry observers warn that the future of the UK North Sea hinges less on geology than on whether fiscal stability can be restored.
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The US Department of Energy announced a $625 million investment to expand America’s coal industry, aiming to increase energy production and support coal communities.
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The leaders of US oil and gas companies in Texas and neighboring states cite regulatory uncertainty, tariffs, and volatile prices as drags on activity.
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Angola expects an 18% rise in natural gas production by 2030 as global producers invest in offshore exploration and new field development.
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Nitzana will enable Israel to double gas exports to Egypt from the giant Leviathan gas field in the Eastern Mediterranean.
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Nearly 90% of investment since 2019 has gone to replacing lost production, with $570 billion in spending projected for 2025.
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Months of due diligence and evaluation following proposed $18.7 billion deal results in no deal to purchase Australian operator.
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The deal between the Republic of the Congo and the Chinese oil and gas company aims to develop the Banga Kayo, Holmoni, and Cayo blocks and raise national oil output to 200,000 B/D by 2030.
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The companies said they plan to start deploying digital twin technologies in Oman this year.
