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Kimbell Royalty Partners, LP has closed the previously announced purchase of mineral and royalty interests held by a private seller in a cash transaction valued at approximately $230 million, subject to post-closing adjustments. View the full article
Eni is launching three exploration plays, TotalEnergies is expecting promising results from its recent onshore exploration project, and other developments were shared during an upstream IOC-led panel at the Libya Energy & Economic Summit. View the full article
Global oil and gas drilling contractor Nabors has announced it will add a third drilling rig to the Waha oil field in Libya’s Sirte Basin. The rig adds to the company’s current fleet of two rigs operating on the field. View the full article
In an exclusive interview with Energy Capital & Power, Josu Jon Imaz, CEO of Repsol, shares insights on the company’s production growth strategy, a nine-well exploration drilling campaign and its involvement in Libya’s upcoming bid round. View the full article
The American Petroleum Institute today joined with the states of Alabama, Alaska, Georgia, Louisiana and Mississippi in filing a challenge to the Biden administration’s ban on new oil and natural gas leasing across millions of acres of federal waters. View the full article
(Bloomberg) – The Biden administration advanced a plan to limit oil drilling and infrastructure across more of Alaska’s National Petroleum Reserve, a bid to lock in land protections and conservation requirements days before President-elect Donald Trump takes office. View the full article
TXO Partners, a limited partnership focused on the acquisition and development of conventional oil and natural gas in the U.S., has identified an overall natural gas resource potential of 3 TCFE across 58,500 acres in the Mancos shale region of the San Juan basin.
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ADNOC and AIQ announced today the successful proof-of-concept trial of ENERGYai, the world’s first-of-its-kind agentic artificial intelligence (AI) solution tailored for the energy sector. View the full article
TWMA is a finalist in this year’s SPE Offshore Achievement Awards. This recognition celebrates TWMA’s RotoMill®** technology, an innovative offshore processing solution that decarbonizes drilling waste operations by more than 50%. View the full article
(Bloomberg) – BP Plc is eliminating 4,700 positions internally, about 5% of its workforce, and more than 3,000 contractor jobs, CEO Murray Auchincloss told staff on Thursday, as the London-based energy giant seeks to reduce costs. View the full article
Kongsberg Maritime has successfully delivered its REACH REMOTE 1, a 24-meter unmanned surface vessel (USV) designed to transform conventional offshore operations. Its initial mission will be to conduct underwater surveys off the coast of Haugesund, Norway. View the full article
Trendsetter Vulcan Offshore (TVO), a developer of innovative solutions for the offshore industry, has engaged Finlay Johnston, through 4C Global Consultancy, to lead business development efforts for TVO in the UK. View the full article
ADNOC Gas in partnership with Baker Hughes has successfully installed British climate technology firm Levidian’s patented LOOP technology at the Habshan Gas Processing Plant. This marks the first-ever deployment of the technology at an operational gas processing site. View the full article
Kongsberg Maritime has successfully delivered its REACH REMOTE 1, a 24-meter unmanned surface vessel (USV) designed to transform conventional offshore operations. Its initial mission will be to conduct underwater surveys off the coast of Haugesund, Norway. View the full article
Helmerich & Payne, Inc. (H&P) today announced that it has completed its acquisition of KCA Deutag, establishing a global leader in onshore drilling in a deal valued at nearly $2 billion. H&P aims to expand its Middle East presence and strengthen cash flow. View the full article
Bridger Photonics has announced its Gas Mapping LiDAR™ technology has been approved by the Environmental Protection Agency (EPA) to be used for regulatory compliance in oil and gas operations. View the full article
Talos Energy Inc. (Talos) has announced that the Katmai West #2 well located in the Ewing Bank area of the U.S Gulf of Mexico successfully encountered commercial quantities of oil and natural gas. View the full article
Highwood Emissions Management has announced the launch of their Emissions Intelligence Platform (EIP), a software that streamlines complex measurement-informed methane emissions accounting and reporting for the oil and gas industry. View the full article
TGS has been awarded four 4D streamer contract acquisition projects, three in the North Sea and one in the Barents Sea, the company announced. The North Sea campaign will commence early Q2, with the 4D contract in the Barents Sea to follow in May. View the full article
Sky Quarry has announced the successful completion of its 2024 PR Spring capex program. Once fully commissioned, PR Spring has a capacity to produce up to 2,000 bopd by extracting oil from both waste asphalt shingles and hydrocarbon resources. View the full article
(Bloomberg) -- Donald Trump’s secretary of state-nominee Marco Rubio said the U.S. should reconsider Chevron Corp.’s sanctions waiver that allows the oil giant to operate in Venezuela. Chevron is the only U.S. oil producer left in Venezuela. View the full article
(Bloomberg) – BP and the Iraqi government agreed the majority of commercial terms toward reviving the Kirkuk oil field on Tuesday, further progress toward a final agreement that is expected early this year. View the full article
Electromagnetic Geoservices ASA (EMGS) has received a Letter of Award for a CSEM survey in India. The survey is expected to have a contract value of approximately USD 10 million, subject to the issuance of a callout order. View the full article
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