Petrobras to Acquire 50% Interest in Exploration Block Offshore Brazil
PBR buys a 50% stake in EQNR's offshore Itaimbezinho block in Brazil's Campos Basin, eyeing synergies and reserve-replacement growth, subject to regulatory approvals.
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Noble Secures New Drilling Contract on the UK Continental Shelf
NE wins three-well UKCS contract from BP for the Noble Claus Bachmann, starting Q2 2027 at a day-rate of $320,000 plus a $5M mobilization fee.
Zacks
Subsea7 Secures String Music Development Contract in the U.S. Gulf
SUBCY wins a "sizeable" Murphy contract for String Music in the U.S. Gulf, with engineering underway and an offshore work schedule for 2027.
Zacks
WFRD to Acquire NCS Multistage, Strengthen Well Completions Portfolio
Weatherford is set to buy NCSM, aiming to expand its well completions lineup and realize at least $15 million in annual cost synergies.
Zacks
BP Eyes Growth Offshore Azerbaijan With Babek Gas Field Project
BP gains operatorship of Azerbaijan's Babek gas field, which deepens its foothold in Azerbaijan's energy sector.
Zacks
ExxonMobil Seeks Guyana EPA Clearance for Ninth Stabroek Development
XOM seeks Guyana EPA approval for Haimara in Stabroek- its ninth development- after regulators require a full impact assessment.
Zacks
California Resources Q1 Earnings Beat on Strong Oil Prices
CRC beat Q1 adjusted EPS and revenues on strong oil pricing, even as a massive derivative mark-to-market loss pushed GAAP results into the red.
Zacks
W&T Offshore Q1 Earnings Miss on Lower Commodity Price Realizations
WTI's Q1 EPS misses as commodity realizations slipped, but revenues climb 16% y/y on higher volumes and lower lease operating expenses.
W&T Offshore (WTI) Reports Break-Even Earnings for Q1
W&T (WTI) delivered earnings and revenue surprises of -100.00% and +9.52%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?