Month: June 2026

Argent LNG and Albania will evaluate a 5-MMtpa LNG import terminal designed to connect with regional pipelines and deliver U.S.-sourced gas across the Western Balkans and Southeastern Europe.

U.S. crude oil production is forecast to reach a record 13.8 MMbpd in 2026 as higher oil prices support Permian drilling and new Gulf of America projects boost offshore output, according to EIA.

TotalEnergies is fast-tracking its Acacia-5 oil discovery offshore Angola to first production just three months after discovery, while adding two operated exploration blocks in the Lower Congo basin.

Saipem has secured a contract from GOE Petrol Sanayi to provide commissioning services for the Osman Gazi FPU at Türkiye’s deepwater Sakarya gas field in the Black Sea.

Brent crude topped $100/bbl for the first time since July after the U.S. destroyed five Iranian tankers, adding fresh supply concerns as Chinese crude buying rebounds and global inventories decline.

Saudi Arabia temporarily halted operations at several energy facilities after Houthi missile and drone attacks sparked fires in the kingdom’s south, escalating concerns over regional oil supplies as Brent approaches $100/bbl.

Tamarack Valley Energy and Headwater Exploration will combine in a US$7.2-billion (C$10 billion) all-stock deal, creating a major Canadian oil producer with more than 80,000 boed of run-rate production and over 300 MMboe of 2P reserves.

McDermott has won a substantial subsea contract from Eni for the Cronos gas field development offshore Cyprus, with the company classifying the award at between $500 million and $750 million.

Kistos has taken ownership of producing Blocks 3 and 4 onshore Oman from Mitsui, marking its entry into the MENA region as its broader $148 million acquisition of three Oman blocks advances.

Decom Engineering has secured nine mooring chain projects in 2026, with two-thirds supporting offshore installation campaigns as the company expands its cutting technology beyond decommissioning.