The merger will create one of the largest unconventional oil producers in the US, with an enterprise value of approximately $12 billion. The combined company will hold around 400,000 net acres in the Delaware Basin, accounting for 60% of its total oil production.

Weatherford has signed a memorandum of understanding with Safe Influx, where the companies will cooperate globally to focus on revolutionizing well integrity during the construction phase...

The contract calls for the use of Stena’s IceMAX drillship for Repsol’s 2021 drilling campaign in Block 29, located in the Salina Basin. Stena said in a social media update that the campaign is expected to begin in May or June 2021.

CNOOC Limited announced that the Liuhua 16-2 oilfield/20-2 oilfield joint development project has commenced production, located in the eastern South China Sea...

BOEM and BSEE announced they will advance new research into whether certain policy changes could help increase oil and gas production from existing deepwater infrastructure in the Gulf of Mexico...

Warrego Energy, along with Strike Energy, announced the spudding of its second well on the EP469 concession in the Perth Basin onshore West Australia, the West Erregulla 3...

As part of an overall sustainability strategy, Maersk Drilling has set an ambitious target of lowering the intensity of CO2 emissions from its drilling operations by 50% by 2030...

The deal with Foxtrot International covers the provision of the semi-submersible Sapura Berani for three wells beginning in Q1 2022 and includes the option of one well extension. Sapura Energy previously worked on Foxtrot’s 2015-2016 drilling campaign in the Ivory Coast...

Eni and BP announced a gas discovery in the "Great Nooros Area," which is located in the Abu Madi West Development Lease in the conventional waters of the Nile Delta offshore Egypt...

Apache Corporation and Total provided an update to the technical evaluation of the Kwaskwasi-1 discovery well offshore Suriname...