The Latest

US Drillers Cut Oil, Gas Rig Count to Lowest Since January 2022

Baker Hughes said the total rig count is down 97 rigs, or 14%, below this time last year.

TotalEnergies to Sell Subsidiary for $259MM to Malaysian E&P

TotalEnergies is selling its subsidiary TotalEnergies EP (Brunei) BV, which owns interests and is the operator for a mature field offshore Brunei.

Valeura Purchases FSO Offshore Thailand

After initially leasing the Aurora FSO, Valeura Energy decided to purchase the vessel for $19 million.

Sea Power: Noble’s Deal Fires Major Volley in Offshore, Services M&A

Noble Corp.’s $1.6 billion acquisition of Diamond Offshore Drilling may seem like small potatoes compared to the upstream sectors’ massive megadeals, but service sector consolidation could snowball, analysts said.

Trendsetter to Deliver Subsea Manifolds Offshore Brazil to Trident Energy

The subsea contract follows Trendsetter establishing local facilities in Brazil.

Surge Holds Dry Powder for Northern Midland Growth

Surge is holding out liquidity for growth in the Midland Basin, said Linhua Guan, CEO of Surge Energy America, at Hart Energy's SUPER DUG Conference. 

Exxon Buys Viridien Vessel Monitoring System

Formerly known as CGG, Viridien’s Marlin vessel monitoring system will be used to support Exxon’s operations offshore Guyana.

Aramco to Source Shale Feed-gas from NextDecade’s RGLNG Train 4

Aramco looks to offtake LNG from NextDecade Corp.’s Rio Grande LNG Train 4 in Brownville, Texas. A move that will source feed-gas from the Permian and Eagle Ford.

Exclusive: How Liberty’s ‘Improved’ Operations Transformed the Bakken’s Core

Liberty Resources II’s president and CEO Mark Pearson walks through the sale of its Bakken assets to Silver Hill Energy Partners and highlights a few M&A drivers in the play, in this Hart Energy Exclusive interview.

Oxy, Other E&Ps Look to Alternative Power Sources for Ops

Oil and gas companies Occidental Petroleum Corp. and Diamondback Energy Inc. are collaborating with fission and fusion power technology companies to power their operations.