Aminu Umar, CEO of STAC Marine, talks to The Energy Year about scaling a Nigerian-led FPSO business following a strategic acquisition and positioning the company to capture offshore services demand as deepwater activity accelerates across West Africa.
The U.S. Energy Information Administration (EIA) increased its 2026 Brent oil price projection in its latest short term energy outlook (STEO), which was published on April 7.
GoSubsea and Envirent have formed a strategic alliance to expand subsea equipment rental capabilities and streamline offshore project execution.
The Trump administration sanctioned more than a dozen entities tied to the network of Iranian oil kingpin Hossein Shamkhani, part of its campaign to maintain pressure on Tehran amid diplomatic talks and a standoff in the Strait of Hormuz.
Stena Drilling has secured a contract from Energean Hellas Ltd. for an offshore exploration campaign in Greece, marking the country’s first deepwater drilling operation.
Saipem has been awarded two offshore contracts by Aramco worth a combined $400 million to support development work at the Safaniya field, one of the world’s largest offshore oil fields.
BGN has entered the LNG shipping market through a joint venture with Capital Clean Energy Carriers Corp. (CCEC) to charter and operate its first liquefied natural gas carrier, Amore Mio I.
Kosmos Energy (NYSE/LSE: KOS) announced today the following schedule for its first quarter 2026 results
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose 6.10 million barrels in the week ending April 10. In the week prior, US crude oil inventories rose by 3.719 million barrels. Analysts had expected a 1.3 million barrel draw.
Masar Petroleum has made a hydrocarbons discovery in the Hasirah Ridge in Oman’s Block 7, the company announced on Tuesday.