Stay up to date with the latest news and updates from the oil industry.
Crescent Energy Company has announced the closing of its acquisition of Central Eagle Ford assets from Ridgemar Energy for upfront consideration of US$905 million, consisting of US$830 million in cash and 5 454 546 shares of Class A common stock.
The contract scope includes drilling services for development and exploration wells over a three-year period.
Flow remediation specialist, Pipetech, has announced the launch of its Downhole Scale Remediation (DSR) technology. Supported by the Net Zero Technology Centre’s (NZTC) emissions reduction programme, this technology aims to redefine wellbore cleaning solutions while advancing sustainable practices.
The asset visualisation software has been extended to 20 additional bp facilities.
Bridger Photonics, provider of aerial methane detection, has announced that the company continued to experience massive growth and market adoption for its advanced methane detection solutions in 2024 and is implementing a major leadership transition to support its continued scaling.
Diversified Energy has announced that it has entered into a definitive agreement to acquire Maverick Natural Resources, a portfolio company of EIG, for total consideration of approximately US$1275 million.
This strategic bolt-on acquisition expands CNX's existing stacked Marcellus and Utica undeveloped leasehold in the CPA region and provides an existing infrastructure footprint that can be leveraged for future development.
The agreement will support Kuva in refining and demonstrating its remote emissions investigation system across 175 oil and gas sites in the US.
Salunda has announced it has integrated its Red Zone monitoring solutions on four drilling rigs in Guyana with Intellilift’s digital technologies to deliver automated location and control of critical equipment and personnel.
Chevron Corporation has announced that its 50% owned affiliate Tengizchevroil LLP (TCO) has started oil production at its Future Growth Project (FGP) located at the Tengiz oil field in Kazakhstan.
The Oil & Gas Development Company Ltd. (OGDC) of Pakistan has announced enhancement of oil production Kunnar-12 and Kunnar-6 wells at the Kunnar oilfield, resulting in incremental production of 1160 bpd of oil.
ElectriGen LLC, a power-as-a-service provider, has announced it is collaborating with Hyliion Holdings Corp., a developer of sustainable electricity-producing technology, on a project aimed at reducing methane emissions in the oil and gas sector.