Business/economics
Proposed and final notices of sale represent nearly 80 million acres in the Gulf of Mexico and approximately 1 million acres in Alaska’s Cook Inlet.
The US and UK sanctioned Russian independent Lukoil International and state-owned Rosneft in a bid to pressure Russia over Ukraine.
Ranger acquires American Well Services for $90.5 million, adding 39 workover rigs and boosting its fleet by 25%.
-
Nearly 90% of investment since 2019 has gone to replacing lost production, with $570 billion in spending projected for 2025. -
Months of due diligence and evaluation following proposed $18.7 billion deal results in no deal to purchase Australian operator.
-
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.
-
The companies said they plan to start deploying digital twin technologies in Oman this year.
-
Egypt’s newest round of drilling agreements advances its quest to boost investment in mature fields to stop the freefall in gas production.
-
The oilfield service company will supply power plants capable of electrifying 180,000 US homes with geothermal energy.
-
The SPE Management Technical Section has been officially renamed the Asset Management Technical Section. The new name better reflects the section’s focus on asset management as a core discipline in the upstream oil and gas industry.
-
The Human Resource Development Corporation and Society of Petroleum Engineers Asia Pacific signed a memorandum of understanding to support the development of a future-ready energy workforce and strengthen Malaysia’s position as a regional hub for technical expertise and innovation.
-
Jennifer Miskimins will take office as 2026 SPE President during the 2025 SPE Annual Technical Conference and Exhibition in October. She shares her views of the challenges facing our industry and SPE members, her outlook for our industry, and what her goals will be during her presidency.
-
The transaction adds 267,000 net acres and nearly 140,000 BOE/D from Vital Energy, lifting Crescent into the top 10 largest US independents.
