The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) will launch its 2026 licensing round by Q3 2026, the regulator announced on Wednesday.
Most oil producers in the Middle East will see their crude oil production surge by double-digit percentages next year, rebounding from this year’s shut-ins due to the Iran war and the closed Strait of Hormuz.
Industrial action at the Ichthys LNG project offshore Australia has started to affect loadings, with Reuters reporting that one tanker has been delayed as a result of the limited strike.
Weatherford has reached an agreement to acquire NCS Multistage in a cash and stock deal, the companies announced on Monday.
Subsea7 has been awarded a contract by Murphy Exploration & Production Company, a subsidiary of Murphy Oil, to support development of the String Music project in the Gulf of America/Gulf of Mexico.
Commercial vessel traffic through the crucial Strait of Hormuz appeared to remain limited over the past day, amid uncertainty over prospects for a U.S.-Iran peace deal. Just two inbound commercial transits were observed on Tuesday morning, following two outbound ships on Monday, according to ship-tracking data compiled by Bloomberg. Shipowners had recently become more optimistic about a […]
LNG Canada has taken another step toward a proposed expansion of its export facility in Kitimat, British Columbia, issuing a limited notice to proceed (LNTP) for Phase 2 of the project. Fluor Corp. announced that its JGC Fluor BC LNG II joint venture with JGC Corp. has received authorization to begin early planning and execution activities in support […]
US forces intercepted Iranian ballistic missiles and drones aimed at neighboring Middle East countries and struck a command center in the Islamic Republic in response – the latest flare-up to test a fragile ceasefire. US Central Command said Iran on Tuesday launched several ballistic missiles toward countries including Kuwait and Bahrain. Some were shot down by […]
Norway’s Eldorado Drilling has agreed to acquire Bermuda-based Vantage Drilling International in a cash merger valuing the offshore drilling contractor at around USD 257.6 million, Vantage announced on Friday.
The Netherlands has approved a subsidy of as much as €993 million ($1.2 billion) for state-owned energy company EBN Capital BV to bolster the country’s depleted gas reserves.