Press Releases - Today in Oil and Gas

The Binding Constraint: From EUV Machines to Megawatts

EIR identifies five quarterly signals—from EUV tool orders to packaging utilization—that best indicate whether AI chip supply can scale through 2030 CALGARY, Alberta (June 2, 2026) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the leading energy data analytics platform, has released a report that frames AI compute growth as a manufacturing-throughput question and recommends …

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GLJ and Petrel Robertson Consulting Ltd. Combine Expertise to Support Continued Growth

Company Announcements, Latest, Press Releases / By mark

CALGARY, AB – GLJ Ltd. (“GLJ”), global energy consultants, today announced the completion of its acquisition of Petrel Robertson Consulting Ltd. (“PRCL”), a respected Canadian geoscience and engineering consulting firm. As a result of the acquisition, GLJ will strengthen its position as a leading provider of geoscience, engineering, and energy consulting services by combining PRCL’s …

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Kathairos, Oil and Gas Service Company, Hits One Million Tons of CO2e Eliminated

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CALGARY, Atla, June 01, 2026 — What started with a single liquid nitrogen tank in the field has transformed routine oil and gas operations. Kathairos’ nitrogen systems have now directly eliminated one million metric tons of CO2 equivalent— and counting. Kathairos Solutions has crossed a major climate milestone: one million metric tons of CO₂e eliminated. …

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Weatherford Announces Definitive Agreement to Acquire NCS Multistage, Expanding Completions Portfolio and Unconventional Resource Exposure

Energy Topics & Technology, Latest, Mergers and Acquisitions, OFS-Oilfield Services, Press Releases / By mark

HOUSTON, June 01, 2026 (GLOBE NEWSWIRE) — Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) and NCS Multistage Holdings, Inc. (NASDAQ: NCSM) (“NCS Multistage”) today announced that Weatherford has entered into a definitive agreement to acquire NCS Multistage. Under the terms of the agreement, NCS Multistage stockholders have an election to receive either Weatherford …

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Chevron Updates Stockholders at Annual Meeting

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HOUSTON–(BUSINESS WIRE)–Chevron Corporation (NYSE: CVX) today provided an overview of the company’s business performance and plans at its Annual Meeting of Stockholders. The meeting highlighted the company’s strong performance and consistent strategy, with stockholders showing their support by voting in favor of the full slate of Directors and with the company’s recommendations on all matters to …

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NOG Announces Strategic Entry into Canada with Light Oil Duvernay Acquisition; Takes 25% Undivided Stake in Assets with Long-Term Joint Development Agreement

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, Press Releases / By mark

HIGHLIGHTS NOG makes strategic entry into Canada with inventory-rich light oil acquisition in the Duvernay Shale for a CA$350 million (~US$259 million) initial unadjusted purchase price Operated ‘buy-down’ acquisition of a 25% non-operated stake in light oil producing properties with significant undeveloped inventory in Alberta, Canada in the Duvernay East Shale Basin operated by Parallax …

NOG Announces Strategic Entry into Canada with Light Oil Duvernay Acquisition; Takes 25% Undivided Stake in Assets with Long-Term Joint Development Agreement Read More »

Devon Energy Enhances Permian Inventory in Federal Lease Sale

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Press Releases / By mark

HOUSTON, May 21, 2026 (GLOBE NEWSWIRE) — Devon Energy Corporation (NYSE: DVN) announced the successful acquisition of 16,300 net undeveloped acres in the core of the Delaware Basin in Lea and Eddy Counties, New Mexico, for approximately $2.6 billion, or approximately $161,500 per net acre, through the Bureau of Land Management (“BLM”) Oil and Gas …

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Qatari LNG Outage Shifts Global Gas Market Into Structural Deficit

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Delayed Qatari capacity recovery is forecast to reshape LNG trade flows and energy security strategies worldwide CALGARY, Alberta (May 20, 2026) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the leading energy data analytics platform, has released its latest report, Global Gas and LNG | Qatari Outage Fixes Oversupply, examining the long-term implications of the Qatar …

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U.S. Electrification Will Add 24 GW of Power Load by 2035

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Industrial demand and heating transitions reshape long-term load growth, concentrated in key U.S. power markets CALGARY, Alberta (May 19, 2026) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the leading energy data analytics platform, has released its latest report, Electrification Load Forecast: The L48 Goes Electric, highlighting the growing role of electrification in shaping U.S. power …

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U.S. Upstream M&A Hits $38 Billion in 1Q26 Before Volatility Temporarily Pauses the Market

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Higher oil prices set to trigger wave of deals as private sales accelerate CALGARY, Alberta (May 13, 2026) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the leading energy data analytics platform, has released its summary of recent U.S. upstream M&A activity and market outlook, highlighting a strong start to 2026 followed by a volatility-driven …

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