US upstream news

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The 4406 km2 extension covers 189 new OCS blocks in the highly prospective Walker Ridge area, in addition to 46.5 blocks overlapping the original Walker Ridge Reimaging program over a 1085 km2 area.

Developed by ocean engineering firm DEEP and installed on the seabed at Tennessee Reef within the Florida Keys National Marine Sanctuary.

Fluor selected by Saudi-based Aramco as a Program Management Consultancy (PMC) contractor under a Long-Term Agreement (LTA) to support its global capital projects portfolio.

Reuters reports that Trump signed memorandums on coal supply chains, domestic petroleum production, natural gas transmission and liquefied natural gas capacity.

Decom Engineering secures a United States patent for key elements of its proprietary Chopsaw cutting technology.

US marketed natural gas production reached a new record in 2025, growing by 5.3 billion ft3/d to average 118.5 billion ft3/d, according to the U.S. Energy Information Administration’s latest Natural Gas Monthly.

In the early hours of 28 February, the US and Israel launched direct and extensive military operations inside Iran, in what appears to be a campaign broader in scope and intensity than the previous 12-day confrontation. Intercontinental Exchange (ICE) Brent crude oil prompt-month prices are expected to rise by US$20/bbl when trade opens on 2 March.

Hogan Lovells represents Transocean in its acquisition of Valaris, creating combined company with value of US$17 billion.

Superior Energy Services announces entry into definitive agreements to acquire Abaco Energy Technologies.