The US carried out a new round of strikes in Iran targeting more than 80 sites and revoked a waiver allowing new sales of its oil, further imperiling a peace agreement after a series of attacks on ships in the Strait of Hormuz. American forces struck Iranian air defense systems, command and control networks, coastal […]
The U.S. Energy Information Administration (EIA) has raised its global oil production forecast in its July Short-Term Energy Outlook (STEO), citing the recovery of shipping through the Strait of Hormuz following the June 18 agreement between the United States and Iran to reopen the strategic waterway. EIA now expects global crude oil production and trade flows to […]
Fluor Corp. has been selected by Aramco as a program management consultancy (PMC) contractor under a long-term agreement supporting the Saudi energy company’s global capital projects portfolio. The agreement positions Fluor to compete for future work across Aramco’s upstream, downstream, petrochemical and infrastructure developments. The scope includes pre-front-end engineering and design (pre-FEED), FEED, engineering, project management, procurement oversight, […]
Iraq has raised production from three key projects in the country’s oil heartland to full capacity as tankers have started arriving to export cargoes, a person familiar with the operations said. The increase follows an order from state-run Basra Oil Co., which oversees fields in the country’s south, to boost output at West Qurna 1, North Rumaila and Artawi, according […]
Marubeni Corporation has completed its acquisition of EagleRidge Energy, adding one of the largest operators in the Barnett shale to its growing North American natural gas portfolio. Dallas-based EagleRidge operates more than 3,500 wells across approximately 450,000 gross acres in North Texas and produces about 300 MMcfe/d, making it the third-largest producer in the Barnett Shale, according […]
Oceaneering International has been awarded a four-year contract by Petrobras to provide remotely operated vehicle (ROV) services supporting offshore operations in Brazil. The contract, awarded through a competitive tender process, will be executed by Oceaneering’s Brazilian subsidiary, Marine Production Systems do Brasil (MPS). Operations are scheduled to begin in 2027. Under the agreement, Oceaneering will supply two work-class […]
BluEnergies Ltd. and TotalEnergies are advancing an exploration work program in the Harper basin offshore Liberia, with seismic reprocessing and seabed surveys progressing on schedule as the companies work to mature drilling prospects across Blocks LB-26, LB-30 and LB-31. The program includes reprocessing approximately 6,167 km² of 3D seismic data, which BluEnergies said is now more than 50% […]
TotalEnergies Chairman and CEO Patrick Pouyanné will speak at the Angola Oil & Gas (AOG) 2026 conference in September as the company continues to expand its upstream portfolio in Angola through major offshore oil and natural gas developments. TotalEnergies remains one of Angola’s largest upstream investors, with projects spanning deepwater oil, non-associated gas and renewable energy. Among its […]
Renaissance Africa Energy Company has announced an offshore oil discovery at the JK-004 exploration well in OML 74, with the well encountering approximately 1,000 ft of hydrocarbon-bearing intervals across seven reservoirs containing light oil. The discovery was announced during the NOG Energy Week Conference & Exhibition 2026 by Nigeria’s Minister of State for Petroleum Resources (Oil), Sen. […]
Norwegian energy giant Equinor has awarded contracts worth around NOK 6bn ($612m) for four subsea projects.