The Latest

E&P Highlights: June 16, 2025

Here’s a roundup of the latest E&P headlines, including the third major transaction this month for Baker Hughes and an explorer award for Exxon Mobil.

Baker Hughes Buys Continental Disc for $540MM

Baker Hughes announced its third transaction this month—this time to acquire pressure management solutions provider Continental Disc Corp. for $540 million—as the company seeks to optimize its portfolio.

EnerMech Secures Offshore Decommissioning Contract with Exxon

The decommissioning of the Hoover and Diana fields south of Galveston, Texas is a first for EnerMech in the region.

Oceaneering Contracts Harvey Deep Sea Vessel for Subsea Services in GoA

Oceaneering International Inc.’s Offshore Projects Group segment has entered into an agreement for use of the multi-purpose supply vessel Harvey Deep Sea for subsea IRM in the GoA.

Chevron, Halliburton Develop New Feedback Process for Completions in Colorado

The technique combines Halliburton’s fracturing platform with Chevron’s subsurface knowledge built into an algorithm to enable decision-making.

Apollo Makes Strategic Investment in T.D. Williamson

Apollo Global Management has made an investment in global infrastructure technology and services company T.D. Williamson, which will remain majority owned by SCF Partners.

ADNOC Awards John Wood $2.8B EPCm Contract for UAE Facility

ADNOC awarded John Wood Group Plc a $2.8 billion contract to provide engineering, procurement and construction management (EPCm) for the company’s Habshan facility in the United Arab Emirates.

Q&A: Kent Takes Oil, Gas Projects From ‘Hell’ to ‘Fun’

Tom Ayers joined energy services company Kent without a whole lot of knowledge on what the company does. Now, though, he’s focused on spreading Kent’s good news.

Honeywell Acquires Pump, Compressor Maker Sundyne for $2.2B

Honeywell’s acquisition of Sundyne follows a restructuring announcement spurred on by Elliot Investment Management.

Baker Hughes to Sell Precision Sensors, Instrumentation Line for $1.15B

The sale of the sensors unit, which is part of part of the company’s Industrial and Energy Technology (IET) segment, was announced as Baker Hughes continues to shift capital in seek of higher returns.