Asset Management
Superior seeks to expand its international footprint through the acquisition, which is reportedly valued at $1.2 billion.
Shell is continuing to reshape its portfolio with the sale, which includes its interest in the BP-operated Na Kika platform and the Coulomb tieback.
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.
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The company’s millimeter wave drilling system is approaching a depth of 1 km at its Central Texas site. The recent funding is earmarked for Project Obsidian in Central Oregon, which Quaise calls the world’s first commercial superhot geothermal power plant. -
Schneider Electric says the deal advances its vision of creating intelligent industrial ecosystems that connect physical assets with digital insights across the asset life cycle.
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The events will be co-located 3–5 May 2027 at Reliant Park in Houston, Texas.
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The firm’s latest analysis puts the bulk of the blame on a fragmented supply chain.
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The supermajor said the fields are not expected to contribute meaningfully to its production profile by 2030.
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With the latest addition, the Italian major’s computational capacity passes the exaflop threshold, making the firm the world’s leading company by computing power in the new TOP500 global ranking.
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Output is rising fast in the South American shale play and putting Argentina on a course to soon reach 1 million B/D.
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This guest editorial addresses the need for high-temperature directional drilling technologies as the number of rigs used to develop next-generation geothermal wells is set to rise in the coming years.
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Ultradeepwater prospects along the northern coast of Brazil could help offset decline in legacy basins, though permitting hurdles remain a wild card.
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Saipem has launched offshore operations in Suriname, while Repsol is expanding exploration efforts in Venezuela and partnering with MOL Group and TPAO in the Mediterranean. Petronas, Shell, and Murphy Oil reported new discoveries in Suriname, Namibia, and Côte d’Ivoire, respectively, as Occidental acquired a stake offshore Trinidad and Tobago and BP began gas producti…
