The Latest

Oilfield Service Companies Dril-Quip, Innovex to Merge

Dril-Quip Inc. and Innovex Downhole Solutions Inc. will emerge as a new company, Innovex International, with expanded reach in global markets.

Talos Energy Sells CCS Business to TotalEnergies

TotalEnergies’ acquisition targets Talos Energy’s Bayou Bend project, and the French company plans to sell off the remainder of Talos’ carbon capture and sequestration portfolio in Texas and Louisiana.

CEO Darren Woods: What’s Driving Permian M&A for Exxon, Other E&Ps

Since acquiring XTO for $36 billion in 2010, Exxon Mobil has gotten better at drilling unconventional shale plays. But it needed Pioneer’s high-quality acreage to keep running in the Permian Basin, CEO Darren Woods said at CERAWeek by S&P Global.

New Fortress Energy Sells Two Power Plants to Puerto Rico

New Fortress Energy sold two power plants to the Puerto Rico Electric Power Authority to provide cleaner and lower cost energy to the island.

CERAWeek: Exxon Mobil CEO Says Not Trying to Acquire Hess

CEO Darren Woods said Exxon Mobil is trying to secure preemption rights over Hess Corp.'s Guyana assets in its dispute with Chevron, not buy the company itself.

Emeren, Glennmont to Develop 155 MW of Battery Storage Projects

The collaboration between Emeren Group and Glennmont Partners marks a strategic move to enhance renewable energy storage capacity in the region.

SBM Offshore, Technip Enter Floating Offshore Wind JV

EkWiL, the 50/50 joint venture entity between the companies, will deploy Technip’s Semi-submersible INO15 by T.E.N. and SBM’s Tension Leg Platform Float4Wind.

Baker Hughes Makes Flare Emissions Breakthrough

Baker Hughes has developed a new application for flare.IQ, its emissions abatement technology.

Laredo Oil Subsidiary, Erehwon Enter Into Drilling Agreement with Texakoma

The agreement with Lustre Oil and Erehwon Oil & Gas would allow Texakoma to participate in the development of 7,375 net acres of mineral rights in Valley County, Montana.

Parker Wellbore, TDE Partner to ‘Revolutionize’ Well Drilling

Parker Wellbore and TDE are offering what they call the industry’s first downhole high power, high bandwidth data highway.