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  • Volume 123, Issue 5
  • Volume 123, Issue 5

    Sept / Oct 2025 | PTTEP contracted the Velesto Drilling Sdn. Bhd. NAGA 5 rig to drill 15 wells in Malaysia. NAGA 5 is an independent-leg cantilever jack-up drilling rig with a rated operating water depth of 400 ft and drilling depth capability of 30,000 ft.

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    California Resources Corp. (CRC) and Berry Corp. have agreed to merge in an all-stock deal valued at $717 million, inclusive of net debt, the companies said in a joint release...
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    Talos Energy discovered hydrocarbons in the Daenerys exploration well in the deepwater US Gulf of Mexico and is planning an appraisal well to further define the discovered resource...
    Oct. 6, 2025
    Phillips 66 has commissioned a second natural gas processing plant at the Dos Picos gas gathering system and processing complex in Midland County, Tex. Configured with advanced...
    Oct. 6, 2025
    The US Environmental Protection Agency (EPA) Sept. 12 proposed discontinuing the Greenhouse Gas Reporting Program, which requires oil and gas companies and other emitters to track...
    Oct. 3, 2025