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 Loran Phase 2 license award builds on BP’s growing presence in Venezuela as it seeks to develop offshore projects, particularly shared fields near Venezuela’s maritime border with Trinidad and Tobago. -
Gran Tierra will refocus its investment strategy to strengthen its portfolio in Canada and Azerbaijan while Maurel & Prom, majority owned by Pertamina’s international upstream arm, grows its South American footprint in Colombia and Ecuador.
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ExxonMobil’s Letter of Intent to begin preliminary engineering and procurement work for Mozambique’s Rovuma LNG project bridges the development to a final EPC contract, which Area 4 partners are expected to award following an FID anticipated by year-end 2026.
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Sixteen companies submitted 69 bids worth $99.5 million in the Big Beautiful Gulf 3 sale.
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Beetaloo Energy and Halliburton have signed an MOU to advance Beetaloo Digital, a proposed gas-powered AI data center hub in Australia’s Northern Territory that could create a new long-term market for Beetaloo Basin gas.
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Williams' acquisition of Momentum Midstream creates a larger, more connected Gulf Coast gas network capable of meeting surging demand from LNG export facilities, power generators, and industrial users.
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Hungary’s MOL Group captures a major project within the EU and its largest upstream opportunity since it farmed into in Azerbaijan’s ACG offshore field.
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The ultrasonic wellbore imaging firm is being taken over by Blackstone, the world's largest alternative asset manager.
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New geothermal technical content and programming will highlight knowledge transfer among oil and gas and geothermal professionals.
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As the company works to realign its portfolio, it puts its North Sea assets in the crosshairs.
