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05 May 26 |
Mexico: EnerMech wins major subsea pre-commissioning contract for Subsea7 on Trion development EnerMech has been awarded a significant contract by Subsea7. This latest award reinforces EnerMech’s strong capability in the Americas and its commitment to supporting clients with technical expertise, operational reliability and integrated solutions that improve certainty across complex offshore developments |
05 May 26 |
Colombia: Frontera Energy obtains final order approving plan of arrangement Frontera Energy has obtained a final order from the Supreme Court of British Columbia approving the previously announced plan of arrangement pursuant to which Parex Resources will acquire all of Frontera's Colombian upstream business consisting of Frontera's oil and gas exploration and production assets in Colombia, its reverse osmosis water treatment facility and its palm oil plantation. |
05 May 26 |
Peru: Condor Energy raises A$2.25 million to advance offshore Peru portfolio Condor Energy has received firm commitments to raise A$2.25 million (before costs) via a placement of new fully paid ordinary shares. The Company's focus is on advancing high-impact oil exploration targets which has already identified over 3 billion barrels of potential toward drilling readiness, while in parallel progressing licence conversion and gas commercialisation activities. |
04 May 26 |
US: SM Energy closes $950 million South Texas divestiture; announces redemption of all outstanding Senior Notes SM Energy Company has announced the closing of its previously announced sale of certain South Texas assets for a cash purchase price of $950 million (the 'South Texas Divestiture'). Net cash proceeds from the sale totaled approximately $900 million, after preliminary purchase price adjustments and estimated transaction costs. |
04 May 26 |
GoM: Helix Energy Solutions sells Shallow Water Abandonment business to the Chouest Group Helix Energy Solutions Group has announced the sale of all of the equity interests of its Gulf of America-focused Shallow Water Abandonment business to C-Dive, LLC, a member of the Chouest group of companies, for $107.5 million cash at closing, to be adjusted for working capital and other transaction expenses. |
04 May 26 |
Canada: Questerre closes sale of non-operated Kakwa Central assets for $23.5 million Questerre Energy has successfully closed the previously announced sale of its non-operated minority working interest in its Kakwa Central assets in Alberta for total consideration of $23.5 million effective May 1, 2026. |
03 May 26 |
US: EPA clarifies when oil and natural gas producers can flare after phase out deadline THe U.S. Environmental Protection Agency (EPA) has issued guidance clarifying that current federal regulations allow oil and natural gas producers to continue routine flaring of associated gas at new oil wells in limited circumstances after the May 7, 2026, phase out deadline. |
