Browse the latest upstream news news and articles.
Baker Hughes and Chart Industries have announced that they have entered into a definitive agreement under which Baker Hughes will acquire all outstanding shares of Chart’s common stock for US$210 per share in cash, equivalent to a total enterprise value of US$13.6 billion.
CSA will mobilise vessels of opportunity to perform field operations in a range of water depths up to 3000 m and manage multiple Environmental and Social Impact Assessment (ESIA) programs offshore Suriname.
Saipem and Subsea7 have announced that they have entered into a binding merger agreement, on terms and conditions in line with what previously communicated at the time of the signing of the Memorandum of Understanding on 23 February 2025. The merger of Saipem and Subsea7 will create a global leader in energy services.
Pantheon Resources has announced it has spudded the Dubhe-1 appraisal well at the company’s Ahpun oil field on the North Slope of Alaska.
SLB secures comprehensive carbon storage solutions contract for pioneering CCS infrastructure.
Chevron Corporation has announced that it has completed its acquisition of Hess Corporation following the satisfaction of all necessary closing conditions, including a favourable arbitration outcome regarding Hess’ offshore Guyana asset.
Estimated oil and gas resources in Wolin East constitute the largest conventional hydrocarbon field yet discovered in Poland, and one of the largest conventional oil discoveries in Europe in the past decade.
The award follows Hunting’s maiden contract for the phase two development received in 2024, which is currently under production and will be completed by 2026. Together, the two awards represent c. US$51.6 million of revenue for the Group.
Sagentia Innovation’s Dan Spencer, R&D Consultant, and Michele Turitto, Managing Partner, Industrial, Chemicals, and Energy, discuss how to deliver on upstream goals with expert selection and integration of sensors.
TechnipFMC has been awarded a significant integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Equinor for its Heidrun extension project in the Norwegian North Sea.
With the closing of the transaction, former ChampionX shareholders now own approximately 9% of SLB’s outstanding shares of common stock.
Seatrium to propel offshore innovation with first turnkey FPSO delivery to Petrobras.