Month: June 2026

After a fresh round of U.S. and Iranian strikes raised new concerns over Strait of Hormuz shipping, Washington and Tehran are preparing to resume talks in Doha as oil markets weigh the prospects for a lasting de-escalation.

SBM Offshore has secured $465 million in financing for FSO Chalchi, the floating storage and offloading vessel that will support Woodside’s Trion deepwater development offshore Mexico.

Magnolia Oil & Gas has emerged as the leading bidder to acquire WildFire Energy in a deal valued at more than $4 billion, according to Bloomberg. If completed, the deal would significantly expand its Eagle Ford footprint and mark the company’s largest acquisition to date.

Monumental Energy and NZEC have developed a proprietary chemical formulation aimed at improving flow assurance and reducing wax buildup in New Zealand’s Taranaki Basin, with field pilot testing now planned.

Evolution Well Services has received ExxonMobil’s 2025 Supplier Excellence Award for its operational performance and electric hydraulic fracturing support in the Permian basin.

Production at Kazakhstan’s Karachaganak field has been cut by more than one-quarter after a drone attack forced the shutdown of a Russian gas-processing plant that handles associated gas from the giant oil and gas development.

Aker Solutions has secured a five-year services agreement from Cenovus Energy to support the White Rose field offshore Canada, covering engineering and maintenance for the new West White Rose platform and the SeaRose FPSO.

Equinor has advanced plans for the Wisting field by submitting its proposed environmental impact assessment program for public consultation, moving Norway’s largest undeveloped oil discovery another step toward a potential 2027 final investment decision.

ONGC has expanded its technical services partnership with bp, awarding the company a new contract to help optimize production across India’s Western Offshore Basin following early success at Mumbai High.

Baker Hughes has been awarded a contract by Azule Energy to supply subsea production systems for the Greater PAJ development offshore Angola. The scope includes horizontal subsea trees, control modules and installation services to support the ultra-deepwater project, with equipment deliveries beginning in 2027.