Saudi Arabia has restored full pumping capacity on its East-West Pipeline to about 7 million bopd after damage from attacks last week resulted in a 700,000-bopd loss in throughput, Reuters reported on Sunday.
Russia has restarted limited oil loadings at its Black Sea port of Novorossiysk after a drone attack earlier this week forced a full suspension.
Oil prices surged back above $100 a barrel in early Asian trade following the collapse of U.S.-Iran negotiations and Trump’s announcement that the U.S. would blockade the Strait of Hormuz. At the time of writing, West Texas Intermediate was trading at $105.30 per barrel, up 9.04%, while Brent had risen 8.55% to trade at $103.30. Both benchmarks remain roughly […]
Russia would be ready to keep supplying natural gas to Europe if there are any volumes left from increased exports to other markets, Kremlin spokesman Dmitry Peskov told Russian media on Sunday.
Oman’s Energy and Minerals Ministry on Sunday opened bidding applications for five new oil and gas concession areas.
Türkiye has launched its first overseas offshore drilling campaign, deploying the ultra-deepwater drillship Çağrı Bey to drill the Curad-1 well offshore Somalia, marking a significant expansion of its upstream footprint beyond domestic waters.
TotalEnergies is progressing a broad slate of upstream and LNG projects across Africa, positioning the region as a key driver of production growth through 2026 and beyond. The company’s African portfolio accounts for roughly half of its operated production and remains its largest area of exploration spending. Several projects are now moving into execution and […]
ABL has entered into a two-year master services agreement with Maridive & Oil Services to provide marine assurance and risk support for offshore vessel operations.
Electromagnetic Geoservices (EMGS) has agreed to sell its core geoservices business to Riggs Capital in a transaction valued at up to $2.5 million, marking a major shift for the offshore exploration technology company.
Liberty Energy Inc. has raised $525 million through a private offering of 0.00% convertible senior notes due 2032, marking its second such financing move this year as the company looks to maintain financial flexibility.