Month: August 2026

The UK risks losing skilled North Sea oil and gas workers before new energy industries can absorb them, a Taskforce warns, calling for earlier tax reform to protect investment and industrial capacity.

TotalEnergies has signed an MoU with PDVSA that could pave the way for its return to Venezuela’s oil and gas sector, joining a growing wave of international companies pursuing new projects in the country.

Trio Petroleum has signed a farm-in agreement with Croverro Energy covering up to 14 multilateral heavy oil drilling opportunities in Alberta and Saskatchewan, alongside a well re-entry and producing-property acquisition.

Halliburton has signed agreements with Eneva and WESCA to pursue oil and gas development opportunities in Venezuela, building on the oilfield services company’s nearly nine decades of experience in the country.

McDermott has completed $1.05 billion in equity and bond financing alongside new credit facilities, extending its maturity profile and supporting execution of its global project backlog.

Oil and LNG shipments through the Strait of Hormuz have reached their highest level in six months, according to U.S. Central Command, as mine-clearing and maritime security efforts support increased flows.

G20 energy talks in Houston put permitting, infrastructure and supply-chain resilience in focus, with Energy Workforce highlighting the oilfield services sector’s role in meeting growing global energy demand.

French President Emmanuel Macron plans to convene the G7 to consider another strategic oil stock release as Middle East supply disruptions and soaring fuel prices tighten global markets.

INEOS has launched commercial CO₂ storage at Greensand offshore Denmark, using the depleted Nini West oil field with initial capacity of 400,000 tonnes per year and potential to scale to 4–8 million tonnes.

TotalEnergies has struck a $1.8 billion partnership with BlackRock’s GIP involving African oil and gas infrastructure assets, with throughput-based payments extending for up to 15 years.