Drilling Archives -

Baker Hughes closes Chart acquisition, adds third operating segment

July 16, 2026

(World Oil) – Baker Hughes has completed its acquisition of Chart Industries, expanding its portfolio of industrial energy technologies and establishing Chart as the company’s third operating segment. The acquisition adds Chart’s capabilities in thermal management, air and gas handling, and lifecycle services, broadening Baker Hughes’ presence across markets including LNG, gas infrastructure, carbon capture and storage, nuclear, geothermal and data centers. Chart

Halliburton expands role in Aramco’s unconventional gas program

July 15, 2026

(World Oil) – Halliburton has secured a multi-year contract from Aramco to provide integrated stimulation and completion services for unconventional gas development in Saudi Arabia’s Jafurah basin, supporting one of the world’s largest unconventional gas programs. The award is part of a broader multi-billion-dollar contract and expands Halliburton’s role in Aramco’s unconventional development program, where the company provides drilling, stimulation and completion services across multiple

NOG maintains 2026 production outlook as Permian volumes recover

July 13, 2026

(World Oil) – Northern Oil and Gas (NOG) reaffirmed its 2026 production and capital expenditure guidance Monday after reporting improving production conditions in the Permian basin, continued acquisition activity and the closing of its previously announced Duvernay joint development transaction. During the second quarter, approximately 7,000 boed of NOG production was temporarily shut in by operators, primarily on the company’s Novo assets

Chevron licenses advanced surfactant technology for shale oil recovery

July 8, 2026

(World Oil) – Chevron Technical Center has signed a technology licensing agreement with ZL Chemicals Ltd. to commercialize Chevron-developed surfactant technology designed to improve resource recovery in shale and tight oil reservoirs. Under the agreement, ZL Chemicals will market products and services utilizing the technology under the Vantis™ brand, expanding commercial access to a chemical enhanced oil recovery (EOR) solution that Chevron has developed and deployed

Oceaneering wins Petrobras ROV services contract offshore Brazil

July 7, 2026

(World Oil) – Oceaneering International has been awarded a four-year contract by Petrobras to provide remotely operated vehicle (ROV) services supporting offshore operations in Brazil. The contract, awarded through a competitive tender process, will be executed by Oceaneering’s Brazilian subsidiary, Marine Production Systems do Brasil (MPS). Operations are scheduled to begin in 2027. Under the agreement, Oceaneering will supply two work-class ROV systems, specialized

Superior Energy to acquire Sonic in production equipment expansion

July 6, 2026

(World Oil) – Superior Energy Services has entered into a definitive agreement to acquire Sonic Holdings, LLC, expanding its production equipment and wellsite services portfolio with the addition of a provider of electric feed-through technologies, drilling wellheads and aftermarket services. Financial terms of the transaction were not disclosed. The acquisition is expected to close during the third quarter of 2026. Founded in 2017,

U.S. Steel invests $475 million to expand OCTG production capacity

June 24, 2026

(World Oil) – U.S. Steel has approved a $475 million investment to expand oil country tubular goods (OCTG) production capacity at its Fairfield Tubular Operations in Alabama, targeting growing demand from major U.S. oil and gas basins. The investment will fund the installation of a new quench and tempering (Q&T) line, adding internal heat-treatment capacity for tubular products and supporting the company’s strategy

Baker Hughes wins long-term support agreement for ANOH gas project

June 23, 2026

(World Oil) – Baker Hughes has been awarded a long-term service agreement by ANOH Gas Processing Company (AGPC) to provide lifecycle services and digital monitoring support for the ANOH Gas Processing Plant in Nigeria. The agreement covers maintenance, repair services, engineering support and digital monitoring for critical turbomachinery equipment at the facility, including two NovaLT 16 gas turbines. Baker Hughes will also

America’s second oil boom

June 22, 2026

(By Oil & Gas 360) – The next great American oil boom may not come from discovering a new basin. It may come from recovering more oil from fields that have already been producing for decades. For more than a century, the U.S. oil industry has focused on finding new resources. From the giant conventional fields of Texas and California to the

Alaska holds billions of barrels, but few bidders

June 18, 2026

(By Oil & Gas 360) – Alaska may hold some of the largest undeveloped oil and natural gas resources in North America, yet attracting the capital needed to develop them remains a persistent challenge. That contradiction is becoming increasingly apparent as policymakers seek to revive Arctic energy development while investors continue directing most of their dollars elsewhere. Despite renewed interest

Why oil and gas is becoming a data business

May 28, 2026

(By Oil & Gas 360) Part II – Oil and gas companies once measured competitive advantage in barrels, acreage, and reserves; now they are increasingly measuring it in processing power, analytics capability, and data quality. Because the next phase of the industry is not just about producing hydrocarbons more efficiently, it is about understanding markets, assets, infrastructure, and risk faster

Big oil reconsiders previously unattractive destinations

May 14, 2026

(Oil Price) – The Middle Eastern crisis has prompted a reprioritization among international oil companies. Previously unattractive drilling destinations are suddenly looking quite attractive—even Alaska. The oldest oil and gas producing part of the United States has for years been out of the spotlight as the industry moves to cheaper and faster-growing locations. The only news of any substance about Alaska

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