Month: August 2026

Condor Energies increased production to a record 16,921 boed after its K-42 well in Uzbekistan delivered stronger-than-expected test results, supporting continued development of the Kumli NW field.

SLB OneSubsea has secured an EPC contract from Eni to supply subsea production systems for the 13-well Baleine Phase 3 deepwater development offshore Côte d’Ivoire, supporting one of West Africa’s largest offshore projects.

The United States launched a third round of strikes on Iran as Tehran declared the Strait of Hormuz closed to commercial shipping, escalating tensions that threaten global oil exports and energy markets.

ADNOC Logistics & Services has ordered four 175,000-m³ LNG carriers valued at approximately $900 million, expanding its LNG shipping fleet to support growing global gas demand and ADNOC’s LNG marketing strategy.

A limited number of oil tankers continue to transit the Strait of Hormuz via the Oman shipping corridor despite renewed U.S.-Iran military strikes, while observable vessel traffic remains below normal levels.

Aesen and Topline Group have formed Aesen Topline Offshore Corp., a joint venture that will provide offshore logistics, maritime support and project management services for offshore energy and marine infrastructure projects in the Philippines.

Vedanta Oil & Gas reaffirmed its ambition to produce 500,000 boed while urging accelerated oil and gas exploration to unlock India’s estimated 300 Bboe of hydrocarbon resources and strengthen the country’s energy security.

IEA Executive Director Fatih Birol urged the European Union to reconsider its Arctic oil and gas drilling moratorium, arguing that Norwegian production remains essential to Europe’s energy security amid heightened geopolitical uncertainty.

The U.S. and Iran exchanged a second round of airstrikes as tensions escalated in the Strait of Hormuz, disrupting commercial shipping, delaying LNG operations and raising concerns over global oil supplies.

The World Bank approved an $875 million financing package for Côte d’Ivoire and signed an interim agreement with Eni to support the country’s Gas Master Plan and expanding natural gas infrastructure.