Upstream drilling news

Matador Resources has announced that a wholly-owned subsidiary of Matador has entered into a definitive agreement to acquire a subsidiary of Ameredev II Parent, including certain oil and natural gas producing properties and undeveloped acreage located in Lea County, New Mexico and Loving and Winkler Counties, Texas.

The Zama Unit partners Wintershall Dea, Pemex (operator), Talos Energy and Harbour Energy have awarded the front-end engineering and design contract (FEED) for the development of the Zama oil field to the French engineering company DORIS.

Baker Hughes has announced a significant order from Petrobras for workover and plug and abandonment (P&A) services in pre-salt and post-salt fields offshore Brazil.

Shelf Drilling has announced that it has secured a 15-month award for the Shelf Drilling Tenacious jack-up rig for drilling operations offshore West Africa.

Zephyr Energy has provided an update on drilling operations on the State 36-2R LNW-CC well at the Company's flagship project in the Paradox Basin, Utah, U.S.

Transocean has announced US$161 Million in contract extensions and exercised options for harsh environment semisubmersibles with Woodside Energy, Wintershell DEA and Equinor.

BW Energy has concluded the drilling and the logging of the DHIBM-7P pilot well, confirming a substantial oil discovery with good reservoir quality and a material uplift to the Hibiscus area.

Tellurian Inc. and Aethon Energy Management LLC (Aethon) has announced an agreement for Aethon to acquire Tellurian’s integrated upstream assets for US$260 million.

Patterson-UTI energy has announced that its subsidiary, Patterson-UTI International Holdings, Inc., has signed a non-binding term sheet with ADNOC Drilling.

Orders from Petrobras correspond to a third of the global demand for FPSOs. Of the total units planned until 2028, 10 are already contracted.