Drilling & production

ABS issued an approval in principle to SBM Offshore for its concept of a near zero floating production storage and offloading (FPSO) unit.

The increasing number of simultaneous completions reflects significant technological advances in hydraulic fracturing operations, particularly in equipment capabilities and operational strategies.

Wood has announced a trio of reimbursable contract extensions worth US$118 million to continue to deliver operations and maintenance solutions for Shell UK, Dana Petroleum and CNOOC International’s UK business.

Valaris Limited has announced that it has agreed to sell a jackup rig to BW Energy (BWE) for cash proceeds of approximately US$108 million.

OSV Ocean Guardian excelling in remote ultra-deep waters without interruptions.

Contract is for pre-commissioning services at the Salamanca Platform in the Gulf of Mexico.

Annular pressure build-up (APB) mitigation for wells at Whale development.

Technip Energies awarded a significant engineering contract for the North Field Production Sustainability Offshore Compression Project in Qatar.

bp has confirmed the preliminary results of the Capricornus 1-X exploration well in Namibia’s Orange Basin, as reported by operator Rhino Resources.

The collaboration aims to integrate Weatherford's software and hardware solutions, including the Modern Edge suite, Unified Data Model, and WFRD Software Launchpad, with AIQ's AI-driven systems.

Crude burn – the direct use of crude oil in power plants and industrial facilities, primarily for electricity generation – has long been a staple in Saudi Arabia’s energy mix.

Crescent Energy Company has announced the closing of the sale of non-operated Permian Basin assets to a private buyer for US$83 million in cash, subject to customary post-closing purchase price adjustments. The assets are located in Reeves County, Texas and had projected full-year 2025 production of approximately 3 thousand boe/d (~35% oil).

TotalEnergies has announced the start of production from the deepwater Ballymore field offshore US, in which the Company has a 40% interest alongside operator Chevron (60%).

Long-term contracting model consistently delivers sustainable value for shareholders, with fleet and energy services expansion driving growth.

CSA Ocean Sciences Inc. (CSA) has completed a consultancy project for Chevron Mediterranean Limited (CML).