DNO Completes $450MM Acquisition of Sval Energi

Norweigian operator DNO says its deal to acquire Sval Energi quadruples its North Sea output.

ADNOC, Carlyle Offer $18.8B for Australia’s Santos Ltd.

Santos Ltd. has received a final, non-binding offer from a consortium led by Abu Dhabi National Oil Co., or ADNOC, that represents a 28% premium over the company’s June 13 closing price.  

Continental Prepares Full-Scale Ramp Up in Powder River’s Niobrara

With “several billion barrels of resources” left untapped in the Powder River Basin, Continental Resources is nearing full-scale development of the Niobrara Shale in Converse County, Wyoming, executives told Hart Energy in an exclusive interview.

LS Power Acquires Engie Services, Rebrands It Opterra

Opterra joins LS Power’s existing portfolio of energy infrastructure companies providing energy efficiency and grid reliability services.

Kinetik CEO Pushes Trump Admin to Rethink Tariffs on Steel

Kinetik CEO Jamie Welch said the U.S. oil and gas industry’s products are “born and bred … in our backyard,” and therefore should get exemptions from the tariffs impacting the materials needed to drill and move hydrocarbons.

Encino Led Ohio’s 11% Utica Oil Output Growth in 1Q25

Most of the state’s additional barrels came from Encino Energy, which EOG Resources plans to buy for $5.6 billion, new state production data show.

‘More is to Come’: Matador’s Foran on Upping Crude Production, 2025 Outlook

Matador Resources CEO Joe Foran discusses the driving decision in locking in its hedges earlier this year and the company’s oil and gas growth plans, in this Hart Energy Exclusive interview.

E&P Highlights: June 9, 2025

Here’s a roundup of the latest E&P headlines, including CNOOC’s latest production startup and an exchange of properties offshore Brazil.

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.