BP and Trinidad's NGC receive a two-year license from the U.S. Treasury Department to develop the Cocuina-Manakin gas fields with Venezuela, marking a strategic shift in energy partnerships.
ConocoPhillips (COP) is set to acquire Marathon Oil in a $22.5 billion all-stock deal, adding more than 2 billion barrels of resources and significant cost synergies.
SLB's role in the project is highlighted by the latest contract from Equinor, building on a collaborative frame agreement established in 2017.