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This program is federally funded under the Inflation Reduction Act (IRA) which specifically provides US$850 million in grants to reduce, monitor, measure, and quantify methane emissions from the oil and gas sector.
Baker Hughes and Chart Industries have announced that they have entered into a definitive agreement under which Baker Hughes will acquire all outstanding shares of Chart’s common stock for US$210 per share in cash, equivalent to a total enterprise value of US$13.6 billion.
CSA will mobilise vessels of opportunity to perform field operations in a range of water depths up to 3000 m and manage multiple Environmental and Social Impact Assessment (ESIA) programs offshore Suriname.
According to the EIA, most of this growth was in New Mexico from crude oil produced from federal lands in the Permian Basin.
Saipem and Subsea7 have announced that they have entered into a binding merger agreement, on terms and conditions in line with what previously communicated at the time of the signing of the Memorandum of Understanding on 23 February 2025. The merger of Saipem and Subsea7 will create a global leader in energy services.
Aker BP ASA has entered into an agreement with Japex Norge AS to swap a 10% interest in the Aker BP-operated Alve Nord development and a 3.5% interest in the Verdande development.
Pantheon Resources has announced it has spudded the Dubhe-1 appraisal well at the company’s Ahpun oil field on the North Slope of Alaska.
SLB secures comprehensive carbon storage solutions contract for pioneering CCS infrastructure.
Chevron Corporation has announced that it has completed its acquisition of Hess Corporation following the satisfaction of all necessary closing conditions, including a favourable arbitration outcome regarding Hess’ offshore Guyana asset.
Estimated oil and gas resources in Wolin East constitute the largest conventional hydrocarbon field yet discovered in Poland, and one of the largest conventional oil discoveries in Europe in the past decade.
Expected to start up in 2028, the power station will capture up to 2 million tpy of CO2 for permanent storage offshore in the North Sea, representing a major step forward in the UK’s path to net zero.
The award follows Hunting’s maiden contract for the phase two development received in 2024, which is currently under production and will be completed by 2026. Together, the two awards represent c. US$51.6 million of revenue for the Group.