Tamboran Completes Falcon Acquisition, Expands Beetaloo Basin Position
Tamboran Resources Corp. completed its acquisition of Falcon Oil & Gas Ltd. after final court approval in British Columbia, converting Falcon into a wholly‑owned subsidiary. The deal expands Tamboran’s footprint in Australia’s Beetaloo basin, a key unconventional gas play, and provides Falcon shareholders with Tamboran stock. Falcon’s board resigned and veteran executive Doug Bailey was appointed sole director and chief executive officer. Trading of Falcon’s shares on AIM and the TSX Venture Exchange will be suspended, with delisting set for June 1.
Eldorado Drilling to Acquire Vantage Drilling in $258-Million Deal
Eldorado Drilling AS announced a $258 million acquisition of Vantage Drilling International, creating a combined offshore drilling platform. Vantage will become a wholly‑owned subsidiary while retaining its brand name. The transaction is slated to close in the third quarter of 2026,...
New Brazil S-92 Support Hub Targets Offshore Oil and Gas Operators
Heli‑One has launched Brazil’s first Sikorsky‑authorized S‑92 customer support center in Cabo Frio, expanding MRO services for offshore helicopter operators across South America. The hub, part of a Center of Excellence built with Sikorsky and Milestone Aviation, will handle scheduled...
Drone Attacks Hit Russian Shadow Fleet Tankers in Black Sea
Three Russian‑linked crude‑oil tankers—Altura, Velora and James II—were struck by drones off Turkey’s Black Sea coast on May 27‑28, according to a local port agent. The vessels, part of a sanctioned “shadow fleet” that evades export controls, were conducting ship‑to‑ship transfers when...
Trident Energy Expands Congo Offshore Strategy with Mature Asset Focus
Trident Energy has expanded its offshore portfolio in the Republic of Congo by acquiring stakes in the Nkossa, Nsoko II, Lianzi and Moho‑Bilondo fields, securing an 85% operated interest in the first two. The company will apply the mature‑asset redevelopment playbook...
Horizon Targets First Production From Poland Gas Project
Horizon Petroleum announced that construction of the Lachowice‑7 well pad in southern Poland will begin in June, with re‑entry and recompletion work slated for July. The company aims to bring the Lachowice gas development online by the first half of...
Legacy Offshore Fields Drive Congo Production Growth
Ammat Global Resources has boosted production at Congo's offshore Loango and Zatchi fields from roughly 4,000 to 7,000 barrels per day through workovers, upgraded ESP pumps, and subsea infrastructure enhancements. The company also upgraded flow‑assurance systems and linked platforms to...
Noble Appoints Halliburton CEO Jeff Miller to Board
Noble Corporation announced that Jeff Miller, Halliburton’s chairman, president and chief executive officer, has joined its board of directors. Miller brings more than two decades of leadership in oilfield services, including stints as Halliburton’s COO and senior vice‑president of business...
Federal Permian Lease Sale Tops $4 Billion in Record-Setting Auction
The U.S. Interior Department announced that a federal oil and gas lease auction covering 33,530 acres in the Permian Basin generated more than $4 billion in combined bonus bids and rentals, the largest on‑shore federal lease sale ever. The sale involved...
ADNOC Deploys Heavy-Duty Inspection Robot at UAE Gas Plant
ADNOC has rolled out an autonomous heavy‑duty inspection robot at its Taweelah Gas Compression Plant in the UAE. Developed by Taurob, the robot combines 3D LiDAR, thermal imaging and 360‑degree vision to spot gas leaks and heat anomalies, and can...
IPAA Backs Bill Targeting Methane Rules for Marginal Wells
The Independent Petroleum Association of America (IPAA) is backing the "Protect Domestic Oil and Gas Small Business Act," legislation introduced by Sen. Cynthia Lummis and Rep. August Pfluger. The bill would move the responsibility for setting performance standards on marginal,...
TotalEnergies Advances Angola Deepwater Growth Strategy
TotalEnergies is deepening its Angola offshore portfolio through a mix of new deepwater projects, brownfield optimisation, and frontier exploration. The company secured a final investment decision for the $6 billion Kaminho project, slated to produce about 70,000 barrels per day by...
Kimbell Expands Permian Footprint with $147-Million Royalty Acquisition
Kimbell Royalty Partners is buying Mesa Royalties' Permian Basin mineral and royalty interests for roughly $147 million, adding 711 net royalty acres across the Delaware and Midland sub‑basins. The portfolio includes stakes in more than 2,300 producing wells, 364 drilled‑but‑uncompleted wells...
Former Cairn Energy CEO Appointed Senior Adviser at Alder
Simon Thomson, former CEO of Cairn Energy (2011‑2023), has joined advisory firm Alder as a senior adviser. Thomson brings more than two decades of leadership in international oil and gas, including experience with upstream transactions and complex legal issues. He...
Chord Energy Invests in MaverickX Shale Recovery Technology
Chord Energy has invested in MaverickX to accelerate the rollout of PetroX Boost, a shale production‑enhancement technology. The funding, joined by Olive Tree Capital, will finance further development and field trials on Chord’s Bakken assets. MaverickX reports early core‑sample tests delivering...