Category: Uncategorized

Two oil supertankers attempting to exit the Strait of Hormuz were reportedly struck by projectiles as renewed U.S.-Iran hostilities threaten a recent recovery in oil shipments through the critical waterway.

A new U.S.-Venezuela oil agreement covers 17 fields containing approximately 65 Bbbl of proven reserves, with North American Blue Energy Partners planning up to $100 billion in investment to expand Venezuelan oil production and infrastructure.

Weatherford has completed its acquisition of NCS Multistage, adding well completions and reservoir diagnostics technologies while strengthening its oilfield services portfolio in North America and other markets.

Viridien has launched an 18-month subsurface study covering approximately 60,000 km² of onshore Sabah, working with Petronas to assess hydrocarbon prospectivity and identify potential oil and gas exploration opportunities.

BritENERGY Group is shifting investment to the U.S. Permian basin as its chairman criticizes the UK’s energy policies, acquiring interests in 13 New Mexico oil and gas wells targeting 5 MMbbl by 2032.

Venezuela is considering leaving OPEC just months after the UAE’s withdrawal, raising questions about the producer group’s cohesion and its ability to manage global oil supplies as geopolitical shifts reshape the market.

Sapphire Gas Solutions has acquired EDGE LNG, adding approximately 200,000 gal/day of modular liquefaction capacity and expanding its ability to produce, deliver and vaporize LNG across the southern U.S.

Elementz and FutureOn are integrating subsea inspection and integrity data into the FieldTwin Operate digital twin platform, allowing offshore engineers to view asset condition, anomalies and planned work within a single environment.

TDI-Brooks has completed a geophysical and geotechnical survey for a marine cable route in Alaska’s Valdez Arm, using its Gravity CPT Stinger system to assess seabed conditions and potential installation challenges.

Petrobras’ P-80 and P-82 FPSOs are preparing to sail for the Búzios field, where the two high-capacity units will add a combined 450,000 bpd and increase the field’s installed production capacity by about 34%.